TMC THE METALS CO INC (TMC) Technical Analysis
NASDAQ:TMC • CA87261Y1060
Current stock price
TMC Technical Rating and Analysis
Taking everything into account, TMC scores 3 out of 10 in our technical rating. TMC has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
- TMC is one of the lesser performing stocks in the Metals & Mining industry. 62% of 163 stocks in the same industry do better.
- In the last month TMC has a been trading in the 3.93 - 5.75 range, which is quite wide. It is currently trading near the high of this range.
- TMC has an average volume of 5367910 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- Looking at the yearly performance, TMC did better than 70% of all other stocks. 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 currently trading near new highs, so TMC is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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. 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
TMC Support and Resistance Analysis
4.44
We found 1 important support area.
- A support zone ranging from 4.48 to 4.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @5.35 from a horizontal line in the weekly time frame.
- Resistance @5.67 from a horizontal line in the daily time frame.
- Resistance @8.37 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 | DOWN | NEGATIVE | The long term trend for TMC is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TMC is up. |
| ChartMill Relative Strength | 70.16 | POSITIVE | TMC has a high relative strength, it outperformed 70.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TMC is above the rising 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) | DOWN | NEGATIVE | The current price of TMC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.75 | NEUTRAL | The RSI value for TMC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests TMC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.55 | OVERBOUGHT | The high Stochastics value suggests TMC may be overbought. |
| Average True Range in percent/ATR (20) | 7.3 | HIGH VOLATILITY | The high ATR as a percentage value for TMC suggests high volalility. |
| Average Directional Index/ADX (14) | 25.52 | POSITIVE | The high ADX value value for TMC suggests a strong trend. |
TMC Chart- and CandleStick Pattern Analysis
TMC Technicals: Chart, Performance Metrics, Trend & Indicators
5.34
-0.32 (-5.65%)
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.
Can you provide the trend direction for TMC THE METALS CO INC?
The current trend direction for TMC THE METALS CO INC (TMC) is Bearish.
What is the RSI signal for TMC stock?
TMC THE METALS CO INC (TMC) has an RSI value of 53.7541. This indicates that the stock is currently neutral.
What is the MACD signal for TMC THE METALS CO INC (TMC) stock?
The MACD indicator for TMC THE METALS CO INC (TMC) has a value of 0.174616, indicating a bearish trend.
What is the buy/sell signal for TMC stock?
The buy/sell signal for TMC THE METALS CO INC (TMC) is hold as the short term and long term trends are mixed.