THERALASE TECHNOLOGIES INC (TLT.CA) Stock Technical Analysis
TSX-V:TLT - TSX Venture Exchange - CA88337V1004 - Common Stock - Currency: CAD
Taking everything into account, TLT scores 3 out of 10 in our technical rating. TLT has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
TLT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month TLT has a been trading in the 0.18 - 0.26 range, which is quite wide. It is currently trading near the lows of this range.
TLT is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 71% of 15 stocks in the same industry.
When comparing the performance of all stocks over the past year, TLT turns out to be only a medium performer in the overall market: it outperformed 63% of all stocks.
Although the technical rating is bad, TLT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 0.20. Right above this resistance zone may be a good entry point.
More info and screens
0.17
0.22
3 important support areas can be observed.
- A support zone ranging from 0.19 to 0.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.18 from a trend line in the weekly time frame.
- Support @0.17 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 0.20 to 0.20. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 0.21 to 0.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.22 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 TLT.CA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TLT.CA is neutral. |
| ChartMill Relative Strength | 63.47 | NEUTRAL | TLT.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TLT.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TLT.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of TLT.CA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.2 | NEUTRAL | The RSI value for TLT.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests TLT.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 29.17 | NEUTRAL | The Stochastics value for TLT.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 7 | HIGH VOLATILITY | The high ATR as a percentage value for TLT.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 31.75 | POSITIVE | The high ADX value value for TLT.CA suggests a strong 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)
TSX-V:TLT (7/22/2025, 7:00:00 PM)
0.2
0 (-2.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-2.44%
1 Week0%
2 Weeks0%
1 Month-6.98%
3 Month5.26%
6 Month-20%
12 Month25%
2 Year-29.82%
3 Year-39.39%
5 Year21.21%
10 Year-34.43%
15 Year-71.01%
Volatility
ATR(14)0.01
ATR(20)%7%
ATR Inc-65.85%
Range Today0.01
ADR(20)0.01
ADR(20)%6.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS63.47
Mansfield-1.57
10 Day High0.21
10 Day Low0.19
20 Day High0.26
20 Day Low0.18
52 Week High0.38
52 Week Low0.16
CS1 End0.19
CR1 Start0.2
Volume & EV
DER(3)0%
DER(5)0%
Volume85.79K
Volume Incr-12.21%
Vol(5)76.88K
Vol(50)75.31K