TMC THE METALS CO INC (TMC) Stock Technical Analysis
NASDAQ:TMC • CA87261Y1060
Taking everything into account, TMC scores 4 out of 10 in our technical rating. 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.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- When comparing the yearly performance of all stocks, we notice that TMC is one of the better performing stocks in the market, outperforming 97% of all stocks. On top of that, TMC also shows a nice and consistent pattern of rising prices.
- TMC has an average volume of 8846130 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, the long term trend is neutral. Not much exciting going on here.
- TMC is an average performer in the Metals & Mining industry, it outperforms 69% of 156 stocks in the same industry.
- 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.
- In the last month TMC has a been trading in the 5.58 - 7.44 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, TMC does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 5.86, a Stop Loss order could be placed below this zone.
More info and screens
5.31
We found 3 important support areas.
- A support zone ranging from 5.86 to 5.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.64 from a horizontal line in the daily time frame.
- A support zone ranging from 5.36 to 5.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 6.61 to 6.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @9.01 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 | 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 | 97.54 | POSITIVE | TMC has a high relative strength, it outperformed 97.54% 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) | 46.54 | NEUTRAL | The RSI value for TMC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests TMC has a positive trend. |
| Stochastics (14,3) | 77.06 | NEUTRAL | The Stochastics value for TMC is a neutral value. |
| Average True Range in percent/ATR (20) | 8.34 | HIGH VOLATILITY | The high ATR as a percentage value for TMC suggests high volalility. |
| Average Directional Index/ADX (14) | 16.78 | NEGATIVE | The low ADX value for TMC suggests a weak or negative trend. |
6.27
-0.33 (-5%)
TMC THE METALS CO INC / TMC FAQ
Can you provide the ChartMill technical rating for TMC THE METALS CO INC?
ChartMill assigns a technical rating of 4 / 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 46.5366. 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 5.86 and a resistance level at 6.61. Check the full technical report for our detailed analysis of TMC support and resistance levels.