TIM SA-ADR (TIMB) Stock Technical Analysis
NYSE:TIMB - New York Stock Exchange, Inc. - US88706T1088 - ADR - Currency: USD
We assign a technical rating of 8 out of 10 to TIMB. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TIMB is showing a nice and steady performance.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
TIMB is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so TIMB is performing more or less in line with the market.
TIMB 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.
Looking at the yearly performance, TIMB did better than 82% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
TIMB is an average performer in the Wireless Telecommunication Services industry, it outperforms 50% of 21 stocks in the same industry.
TIMB has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. We notice that large players showed an interest for TIMB 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.
More info and screens
14.31
17.94
When analyzing the support we can see 4 important areas.
- A support zone ranging from 15.85 to 16.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.10 from a trend line in the daily time frame.
- Support @14.82 from a horizontal line in the weekly time frame.
- Support @14.45 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 17.06 to 17.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @17.76 from a horizontal line in the daily 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 TIMB is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TIMB is neutral. |
| ChartMill Relative Strength | 82.14 | POSITIVE | TIMB has a high relative strength, it outperformed 82.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TIMB is below 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) | 53.61 | NEUTRAL | The RSI value for TIMB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests TIMB has a negative trend. |
| Stochastics (14,3) | 53.48 | NEUTRAL | The Stochastics value for TIMB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.45 | MEDIUM VOLATILITY | The ATR as a percentage value for TIMB suggests some volalility. |
| Average Directional Index/ADX (14) | 22.92 | NEUTRAL | The ADX value for TIMB suggests a possible start of a new 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 |
|---|---|---|---|
| 17.41 | 16.63 | 0.78 (4.48%) | 22.32% |
| An entry @17.41. This is a Buy Stop order right above the resistance zone. | An exit @16.63. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.78 points, which is 4.48%. | When investing 22.32% 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.
16.97
-0.09 (-0.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryWireless Telecommunication Services
Performance
% Chg-0.53%
1 Week-2.47%
2 Weeks-1.11%
1 Month4.5%
3 Month13.74%
6 Month22.09%
12 Month6.26%
2 Year23.96%
3 Year13.74%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.46
ATR(20)%2.45%
ATR Inc9.18%
Range Today0.38
ADR(20)0.35
ADR(20)%2.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.14
Mansfield1.22
10 Day High17.83
10 Day Low16.64
20 Day High17.83
20 Day Low16.21
52 Week High17.83
52 Week Low11.32
CS1 End16.01
CR1 Start17.06
Volume & EV
DER(3)5.44%
DER(5)6.04%
Volume272.70K
Volume Incr-1.81%
Vol(5)296.94K
Vol(50)418.44K