TCX Technical Analysis - TUCOWS INC-CLASS A

Technical Rating and Analysis

Overall TCX gets a technical rating of 2 out of 10. 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.

82% of all other stocks performed better in the past year than TCX.

Warning: TCX has an average volume of 19682 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

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.

TCX is an average performer in the IT Services industry, it outperforms 45% of 87 stocks in the same industry.

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 and the volatility has been reduced. 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

22.18

When analyzing the support we can see 3 important areas.

Support @17.50 from a trend line in the daily time frame.
Support @17.10 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.

We can see 2 important resistance areas.

A resistance zone ranging from 18.74 to 18.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @21.96 from a trend line in the weekly time frame.

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What is Support and Resistance

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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	UP	POSITIVE	The short term trend for TCX is up.
ChartMill Relative Strength	18.86	NEGATIVE	TCX has a low relative strength, it was outperformed by 81.14% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of TCX is above a declining 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)	51.85	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, although the MACD value is declining.
Stochastics (14,3)	80.84	OVERBOUGHT	The high Stochastics value suggests TCX may be overbought.
Average True Range in percent/ATR (20)	3.82	MEDIUM VOLATILITY	The ATR as a percentage value for TCX suggests some volalility.
Average Directional Index/ADX (14)	15.05	NEGATIVE	The low ADX value for TCX suggests a weak or negative trend.