TMC THE METALS CO INC (TMC) Stock Technical Analysis
NASDAQ:TMC - Nasdaq - CA87261Y1060 - Common Stock - Currency: USD
Taking everything into account, TMC scores 7 out of 10 in our technical rating. In the last year, TMC was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month TMC has a been trading in the 5.11 - 8.63 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that TMC is one of the better performing stocks in the market, outperforming 99% of all stocks. We also observe that the gains produced by TMC over the past year are nicely spread over this period.
TMC is one of the better performing stocks in the Metals & Mining industry, it outperforms 98% of 157 stocks in the same industry.
TMC has an average volume of 12261100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
TMC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TMC is lagging the market.
Although TMC has an excellent technical rating, it does not present a decent entry opportunity 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
5.13
5.75
2 important support areas can be observed.
- Support @5.32 from a trend line in the daily time frame.
- Support @5.18 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 5.63 to 5.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 TMC is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TMC is down. |
| ChartMill Relative Strength | 99.13 | POSITIVE | TMC has a high relative strength, it outperformed 99.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TMC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of TMC is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TMC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.98 | NEUTRAL | The RSI value for TMC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests TMC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.04 | OVERSOLD | The low Stochastics value suggests TMC may be oversold. |
| Average True Range in percent/ATR (20) | 11.47 | HIGH VOLATILITY | The high ATR as a percentage value for TMC suggests high volalility. |
| Average Directional Index/ADX (14) | 26.31 | POSITIVE | The high ADX value value for TMC 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)
5.62
+0.1 (+1.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.81%
1 Week-4.26%
2 Weeks-27.86%
1 Month-14.46%
3 Month80.71%
6 Month210.5%
12 Month450.98%
2 Year349.6%
3 Year474.17%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.6
ATR(20)%11.47%
ATR Inc-54.32%
Range Today0.22
ADR(20)0.63
ADR(20)%11.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.13
Mansfield10.63
10 Day High7.83
10 Day Low5.11
20 Day High8.63
20 Day Low5.11
52 Week High8.63
52 Week Low0.72
CS1 End5.32
CR1 Start5.63
Volume & EV
DER(3)2.65%
DER(5)-0.97%
Volume5.64M
Volume Incr18.17%
Vol(5)13.84M
Vol(50)12.26M