TMC THE METALS CO INC (TMC) Technical Analysis
NASDAQ:TMC • CA87261Y1060
Current stock price
TMC Technical Rating and Analysis
Overall TMC gets a technical rating of 3 out of 10. Although TMC 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.
- In the last month TMC has a been trading in the 4.89 - 6.67 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- TMC is part of the Metals & Mining industry. There are 159 other stocks in this industry. TMC outperforms 86% of them.
- TMC has an average volume of 7883090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- Looking at the yearly performance, TMC did better than 95% of all other stocks. On top of that, TMC also shows a nice and consistent pattern of rising prices. However, this overall performance is mostly based on the strong move around 10 months ago.
- TMC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TMC is lagging the market slightly.
TMC Weekly and Daily overview Charts
TMC Setup Rating and Analysis
The technical rating of TMC is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
TMC Support and Resistance Analysis
4.97
We found 1 important support area.
- A support zone ranging from 5.02 to 5.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @5.76 from a trend line in the daily time frame.
- Resistance @8.74 from a trend line in the daily time frame.
TMC Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for TMC is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TMC is down. |
| ChartMill Relative Strength | 95.74 | POSITIVE | TMC has a high relative strength, it outperformed 95.74% 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) | DOWN | NEGATIVE | The current price of TMC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of TMC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 33.18 | NEUTRAL | The RSI value for TMC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests TMC has a negative trend. |
| Stochastics (14,3) | 16.43 | OVERSOLD | The low Stochastics value suggests TMC may be oversold. |
| Average True Range in percent/ATR (20) | 7.99 | HIGH VOLATILITY | The high ATR as a percentage value for TMC suggests high volalility. |
| Average Directional Index/ADX (14) | 20.71 | NEUTRAL | The ADX value for TMC suggests a possible start of a new trend. |
TMC Chart- and CandleStick Pattern Analysis
TMC Technicals: Chart, Performance Metrics, Trend & Indicators
5.03
-0.48 (-8.71%)
TMC THE METALS CO INC / TMC TA FAQ
Can you provide the ChartMill technical rating for TMC THE METALS CO INC?
ChartMill assigns a technical rating of 3 / 10 to TMC.
What is the trend direction for TMC stock?
The current trend direction for TMC THE METALS CO INC (TMC) is Bearish.
What is the RSI signal for TMC THE METALS CO INC (TMC) stock?
TMC THE METALS CO INC (TMC) has an RSI value of 33.1826. This indicates that the stock is currently neutral.
What is the short term momentum for TMC stock?
The short term momentum for TMC THE METALS CO INC (TMC) is negative.
Can you provide the support and resistance levels for TMC THE METALS CO INC?
TMC THE METALS CO INC (TMC) has a support level at 5.02 and a resistance level at 5.76. Check the full technical report for our detailed analysis of TMC support and resistance levels.