ACUREN CORPORATION (TIC) Stock Technical Analysis
NYSE:TIC - New York Stock Exchange, Inc. - US00510N1028 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to TIC. TIC has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
TIC has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 11.01. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.66, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TIC 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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We found 3 important support areas.
- A support zone ranging from 10.65 to 10.66. 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 10.34 to 10.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.67 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 11.01 to 11.01. 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 TIC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TIC is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | TIC has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TIC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of TIC is above a declining SMA(50). |
| Relative Strength Index/RSI (14) | 59.19 | NEUTRAL | The RSI value for TIC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests TIC has a positive trend. |
| Stochastics (14,3) | 59.39 | NEUTRAL | The Stochastics value for TIC is a neutral value. |
| Average True Range in percent/ATR (20) | 6.81 | HIGH VOLATILITY | The high ATR as a percentage value for TIC suggests high volalility. |
| Average Directional Index/ADX (14) | 30.89 | POSITIVE | The high ADX value value for TIC suggests a strong trend. |
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+0.16 (+1.48%)