TCX Technical Analysis - TUCOWS INC-CLASS A

Technical Rating and Analysis

Taking everything into account, TCX scores 2 out of 10 in our technical rating. TCX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

84% of all other stocks performed better in the past year than TCX.

Warning: TCX has an average volume of 20040 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

In the last month TCX has a been trading in the 16.62 - 19.25 range, which is quite wide. It is currently trading near the high of this range.

The long and short term trends are both neutral. This gives a pretty neutral overall picture!

TCX is part of the IT Services industry. There are 87 other stocks in this industry, TCX did better than 40% of them.

TCX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TCX is lagging the market.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

TUCOWS INC-CLASS A / TCX Weekly stock chart

TUCOWS INC-CLASS A / TCX Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, TCX does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 18.74. Right above this resistance zone may be a good entry point.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

16.34

22.24

We found 3 important support areas.

Support @17.47 from a trend line in the daily time frame.
Support @17.03 from a trend line in the weekly time frame.
A support zone ranging from 16.51 to 16.51. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 18.74 to 18.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @22.02 from a trend line in the weekly time frame.

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Technical Indicator Signal Analysis

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	NEUTRAL	NEUTRAL	The long term trend for TCX is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for TCX is neutral.
ChartMill Relative Strength	16.54	NEGATIVE	TCX has a low relative strength, it was outperformed by 83.46% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of TCX is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of TCX is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of TCX is above the rising SMA(200).
Relative Strength Index/RSI (14)	51.96	NEUTRAL	The RSI value for TCX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.15	POSITIVE	The MACD value suggests TCX has a positive trend.
Stochastics (14,3)	76.74	NEUTRAL	The Stochastics value for TCX is a neutral value.
Average True Range in percent/ATR (20)	3.92	MEDIUM VOLATILITY	The ATR as a percentage value for TCX suggests some volalility.
Average Directional Index/ADX (14)	15.25	NEGATIVE	The low ADX value for TCX suggests a weak or negative trend.