TIMB Technical Analysis - TIM SA-ADR

Technical Rating and Analysis

Overall TIMB gets a technical rating of 8 out of 10. Both in the recent history as in the last year, TIMB has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.

Looking at the yearly performance, TIMB did better than 87% of all other stocks.

TIMB is part of the Wireless Telecommunication Services industry. There are 22 other stocks in this industry. TIMB outperforms 80% of them.

TIMB is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month TIMB has a been trading in the 20.41 - 22.47 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although TIMB has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

19.13

22.54

3 important support areas can be observed.

A support zone ranging from 21.20 to 21.55. 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 20.29 to 20.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @19.32 from a trend line in the daily time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 22.08 to 22.32. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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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	UP	POSITIVE	The long term trend for TIMB is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for TIMB is neutral.
ChartMill Relative Strength	87.74	POSITIVE	TIMB has a high relative strength, it outperformed 87.74% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of TIMB is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of TIMB is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of TIMB is above the rising SMA(200).
Relative Strength Index/RSI (14)	57.02	NEUTRAL	The RSI value for TIMB is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.06	NEGATIVE	The MACD value suggests TIMB has a negative trend, although the MACD value is rising.
Stochastics (14,3)	51.46	NEUTRAL	The Stochastics value for TIMB is a neutral value.
Average True Range in percent/ATR (20)	2.06	MEDIUM VOLATILITY	The ATR as a percentage value for TIMB suggests some volalility.
Average Directional Index/ADX (14)	17.49	NEGATIVE	The low ADX value for TIMB suggests a weak or negative trend.