TIM SA-ADR (TIMB) Stock Technical Analysis
USA • New York Stock Exchange • 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, TIMB did better than 90% of all other stocks. On top of that, TIMB also shows a nice and consistent pattern of rising prices.
- 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.
- 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.
Besides having an excellent technical rating, TIMB also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
19.63
We found 5 important support areas.
- Support @24.16 from a horizontal line in the daily time frame.
- A support zone ranging from 23.30 to 23.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.72 to 22.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @20.74 from a trend line in the weekly time frame.
- Support @19.83 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 | 90.64 | POSITIVE | TIMB has a high relative strength, it outperformed 90.64% 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) | 62.59 | NEUTRAL | The RSI value for TIMB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests TIMB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.68 | NEUTRAL | The Stochastics value for TIMB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.48 | MEDIUM VOLATILITY | The ATR as a percentage value for TIMB suggests some volalility. |
| Average Directional Index/ADX (14) | 34.22 | 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 |
|---|---|---|---|
| 23.59 | 23.29 | 0.30 (1.27%) | 25.00% |
| An entry @23.59. This is a Buy Stop order right above the resistance zone. | An exit @23.29. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.30 points, which is 1.27%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.32%. |
- The distance between exit and entry is rather small compared to the average daily movement of TIMB. Please evaluate whether better entry and exit points can be found.
- 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.
24.22
+0.65 (+2.76%)
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 62.5915. 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 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 and a resistance level at 23.58. Check the full technical report for our detailed analysis of TIMB support and resistance levels.