TUCOWS INC-CLASS A (TCX) Stock Technical Analysis
NASDAQ:TCX - Nasdaq - US8986972060 - Common Stock - Currency: USD
Taking everything into account, TCX scores 8 out of 10 in our technical rating. Although TCX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Warning: TCX has an average volume of 21524 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
TCX 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.
When comparing the yearly performance of all stocks, we notice that TCX is one of the better performing stocks in the market, outperforming 74% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
TCX is part of the IT Services industry. There are 82 other stocks in this industry, TCX did better than 64% of them.
TCX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TCX is lagging the market slightly.
TCX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 19.75, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
14.52
22.97
We found 2 important support areas.
- A support zone ranging from 19.61 to 19.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.67 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 19.93 to 20.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @22.74 from a trend 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 TCX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TCX is up. |
| ChartMill Relative Strength | 74.29 | POSITIVE | TCX has a high relative strength, it outperformed 74.29% 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) | UP | POSITIVE | The current price of TCX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of TCX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.56 | NEUTRAL | The RSI value for TCX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests TCX has a negative trend. |
| Stochastics (14,3) | 36.4 | NEUTRAL | The Stochastics value for TCX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.75 | MEDIUM VOLATILITY | The ATR as a percentage value for TCX suggests some volalility. |
| Average Directional Index/ADX (14) | 44.97 | POSITIVE | The high ADX value value for TCX 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 |
|---|---|---|---|
| 20.28 | 19.60 | 0.68 (3.35%) | 25.00% |
| An entry @20.28. This is a Buy Stop order right above the resistance zone. | An exit @19.60. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.68 points, which is 3.35%. | For a 0.84% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of TCX. Please evaluate whether better entry and exit points can be found.
- 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.
19.76
-0.36 (-1.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-1.79%
1 Week-0.95%
2 Weeks0.97%
1 Month6.87%
3 Month16.17%
6 Month26.1%
12 Month2.7%
2 Year-28.77%
3 Year-55.61%
5 Year-65.53%
10 Year-29.05%
15 Year2987.5%
Volatility
ATR(14)0.74
ATR(20)%3.75%
ATR Inc-11.91%
Range Today0.93
ADR(20)0.73
ADR(20)%3.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.29
Mansfield0.16
10 Day High21.69
10 Day Low19.29
20 Day High21.69
20 Day Low18.24
52 Week High26.48
52 Week Low13.27
CS1 End19.75
CR1 Start19.93
Volume & EV
DER(3)-0.02%
DER(5)0.63%
Volume52.50K
Volume Incr69.45%
Vol(5)28.34K
Vol(50)21.52K