TIM SA-ADR (TIMB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TIMB - US88706T1088 - ADR
Overall TIMB gets a technical rating of 6 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
TIMB has an average technical rating and the quality of the presented setup is also not ideal 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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20.09
We found 2 important support areas.
- A support zone ranging from 21.23 to 21.44. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 20.29 to 20.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 23.48 to 23.77. 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 TIMB is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TIMB is down. |
| ChartMill Relative Strength | 90.4 | POSITIVE | TIMB has a high relative strength, it outperformed 90.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TIMB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TIMB is below a declining 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) | 40.52 | NEUTRAL | The RSI value for TIMB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests TIMB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.43 | OVERSOLD | The low Stochastics value suggests TIMB may be oversold. |
| Average True Range in percent/ATR (20) | 2.56 | MEDIUM VOLATILITY | The ATR as a percentage value for TIMB suggests some volalility. |
| Average Directional Index/ADX (14) | 18.75 | NEGATIVE | The low ADX value for TIMB suggests a weak or negative trend. |
21.57
+0.07 (+0.33%)
TIM SA-ADR / TIMB FAQ
Can you provide the ChartMill technical rating for TIM SA-ADR?
ChartMill assigns a technical rating of 6 / 10 to TIMB.
Can you provide the trend direction for TIM SA-ADR?
The current trend direction for TIM SA-ADR (TIMB) is Bullish.
Can you provide the RSI signal for TIM SA-ADR?
TIM SA-ADR (TIMB) has an RSI value of 40.522. This indicates that the stock is currently neutral.
What is the short term momentum for TIMB stock?
The short term momentum for TIM SA-ADR (TIMB) is negative.
What is the support and resistance level for TIMB stock?
TIM SA-ADR (TIMB) has a support level at 21.44 and a resistance level at 23.48. Check the full technical report for our detailed analysis of TIMB support and resistance levels.