Tim Hortons Inc. (THI) Stock Technical Analysis
NYSE:THI - CA88706M1032
Taking everything into account, THI scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, THI is showing a nice and steady performance.
Besides having an excellent technical rating, THI also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 85.93. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 84.13, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for THI in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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58.26
3 important support areas can be observed.
- A support zone ranging from 83.25 to 84.13. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 76.77 to 77.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @58.85 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 85.93 to 86.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 THI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for THI is up. |
| ChartMill Relative Strength | 87.2 | POSITIVE | THI has a high relative strength, it outperformed 87.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of THI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of THI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of THI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.16 | NEUTRAL | The RSI value for THI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests THI has a positive trend. |
| Average True Range in percent/ATR (20) | 1.63 | LOW VOLATILITY | The low ATR as a percentage value for THI suggests low volalility. |
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 |
|---|---|---|---|
| 86.70 | 83.24 | 3.46 (3.99%) | 25.00% |
| An entry @86.70. This is a Buy Stop order right above the resistance zone. | An exit @83.24. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.46 points, which is 3.99%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
85.92
-0.26 (-0.3%)