TIM SA-ADR (TIMB) Stock Technical Analysis
NYSE:TIMB • US88706T1088
We assign a technical rating of 10 out of 10 to TIMB. 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 and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that TIMB is one of the better performing stocks in the market, outperforming 92% of all stocks. We also observe that the gains produced by TIMB over the past year are nicely spread over this period.
- TIMB is part of the Wireless Telecommunication Services industry. There are 22 other stocks in this industry. TIMB outperforms 90% 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 23.20 - 27.74 range, which is quite wide. It is currently trading near the high of this range.
TIMB has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. 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
19.78
4 important support areas can be observed.
- A support zone ranging from 23.30 to 23.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @21.24 from a trend line in the weekly time frame.
- Support @20.58 from a trend line in the weekly time frame.
- Support @19.98 from a trend 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 | UP | POSITIVE | The short term trend for TIMB is up. |
| ChartMill Relative Strength | 92.56 | POSITIVE | TIMB has a high relative strength, it outperformed 92.56% 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) | 71.27 | OVERBOUGHT | The high RSI value suggests TIMB may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests TIMB has a positive trend. |
| Stochastics (14,3) | 85.69 | OVERBOUGHT | The high Stochastics value suggests TIMB may be overbought. |
| Average True Range in percent/ATR (20) | 2.74 | MEDIUM VOLATILITY | The ATR as a percentage value for TIMB suggests some volalility. |
| Average Directional Index/ADX (14) | 41.31 | POSITIVE | The high ADX value value for TIMB suggests a strong trend. |
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 |
|---|---|---|---|
| 27.75 | 25.56 | 2.19 (7.89%) | 12.68% |
| An entry @27.75. This is a Buy Stop order right above the 10 day high. | An exit @25.56. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.19 points, which is 7.89%. | When investing 12.68% 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.
27.38
-0.12 (-0.44%)
TIM SA-ADR / TIMB FAQ
Can you provide the ChartMill technical rating for TIM SA-ADR?
ChartMill assigns a technical rating of 10 / 10 to TIMB.
What is the trend direction for TIMB stock?
The current trend direction for TIM SA-ADR (TIMB) is Bullish.
What is the RSI signal for TIM SA-ADR (TIMB) stock?
TIM SA-ADR (TIMB) has an RSI value of 71.2738. This indicates that the stock is currently overbought.
What is the buy/sell signal for TIM SA-ADR (TIMB) stock?
The buy/sell signal for TIM SA-ADR (TIMB) is buy as both the short term and long term trends are positive.
What is the support and resistance level for TIMB stock?
TIM SA-ADR (TIMB) has a support level at 23.3. Check the full technical report for our detailed analysis of TIMB support and resistance levels.