TRICAN WELL SERVICE LTD (TCW.CA) Stock Technical Analysis
TSX:TCW - Toronto Stock Exchange - CA8959451037 - Common Stock - Currency: CAD
Taking everything into account, TCW scores 8 out of 10 in our technical rating. Although TCW is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
TCW is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TCW is lagging the market slightly.
TCW is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Looking at the yearly performance, TCW did better than 77% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
TCW is part of the Energy Equipment & Services industry. There are 26 other stocks in this industry, TCW did better than 68% of them.
TCW has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
More info and screens
3.98
5.69
When analyzing the support we can see 3 important areas.
- A support zone ranging from 5.60 to 5.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.62 from a trend line in the daily time frame.
- Support @4.02 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for TCW.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TCW.CA is up. |
| ChartMill Relative Strength | 77.02 | POSITIVE | TCW.CA has a high relative strength, it outperformed 77.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TCW.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TCW.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TCW.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.82 | NEUTRAL | The RSI value for TCW.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests TCW.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.98 | OVERBOUGHT | The high Stochastics value suggests TCW.CA may be overbought. |
| Average True Range in percent/ATR (20) | 3.22 | MEDIUM VOLATILITY | The ATR as a percentage value for TCW.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 47.78 | POSITIVE | The high ADX value value for TCW.CA suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 5.92 | 5.59 | 0.33 (5.57%) | 17.94% |
| An entry @5.92. This is a Buy Stop order right above the 10 day high. | An exit @5.59. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.33 points, which is 5.57%. | For a 1.00% total portfolio risk, you can invest 17.94% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:TCW (7/18/2025, 7:00:00 PM)
5.63
-0.01 (-0.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-0.18%
1 Week-2.26%
2 Weeks4.65%
1 Month21.6%
3 Month35.34%
6 Month8.69%
12 Month15.61%
2 Year35.99%
3 Year48.55%
5 Year518.68%
10 Year100.36%
15 Year-63.91%
Volatility
ATR(14)0.21
ATR(20)%3.22%
ATR Inc-42.07%
Range Today0.14
ADR(20)0.17
ADR(20)%2.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.02
Mansfield1.03
10 Day High5.91
10 Day Low5.34
20 Day High5.91
20 Day Low4.39
52 Week High5.91
52 Week Low3.69
CS1 End5.62
CR1 StartN/A
Volume & EV
DER(3)2.22%
DER(5)2.24%
Volume340.41K
Volume Incr-25.49%
Vol(5)562.37K
Vol(50)598.86K