TIM SA-ADR (TIMB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TIMB - US88706T1088 - ADR
Overall TIMB gets a technical rating of 4 out of 10. Although TIMB is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
TIMB has an average technical rating and it also does not offer a high quality setup 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.
More info and screens
19.17
When analyzing the support we can see 2 important areas.
- A support zone ranging from 19.91 to 20.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 19.36 to 19.55. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @20.44 from a horizontal line in the daily time frame.
- Resistance @23.50 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 | DOWN | NEGATIVE | The long term trend for TIMB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TIMB is down. |
| ChartMill Relative Strength | 89.8 | POSITIVE | TIMB has a high relative strength, it outperformed 89.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TIMB is above 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) | 45.24 | NEUTRAL | The RSI value for TIMB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests TIMB has a positive trend. |
| Stochastics (14,3) | 56.81 | NEUTRAL | The Stochastics value for TIMB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.02 | MEDIUM VOLATILITY | The ATR as a percentage value for TIMB suggests some volalility. |
| Average Directional Index/ADX (14) | 30.47 | POSITIVE | The high ADX value value for TIMB suggests a strong trend. |
20.43
+0.35 (+1.74%)
TIM SA-ADR / TIMB FAQ
Can you provide the ChartMill technical rating for TIM SA-ADR?
ChartMill assigns a technical rating of 4 / 10 to TIMB.
What is the trend direction for TIMB stock?
The current trend direction for TIM SA-ADR (TIMB) is Bearish.
What is the RSI signal for TIM SA-ADR (TIMB) stock?
TIM SA-ADR (TIMB) has an RSI value of 45.2371. This indicates that the stock is currently neutral.
What is the buy/sell signal for TIM SA-ADR (TIMB) stock?
The buy/sell signal for TIM SA-ADR (TIMB) is sell as both the short term and long term trends are negative.
What is the support and resistance level for TIMB stock?
TIM SA-ADR (TIMB) has a support level at 19.91 and a resistance level at 21.69. Check the full technical report for our detailed analysis of TIMB support and resistance levels.