TMC THE METALS CO INC (TMC) Stock Technical Analysis
NASDAQ:TMC - CA87261Y1060 - Common Stock
5.36 USD
+0.1 (+1.9%)
5.88 USD
+0.52 (+9.7%)
Overall TMC gets a technical rating of 6 out of 10. In the last year, TMC was one of the better performers, but we do observe some doubts in the very recent evolution.
When comparing the yearly performance of all stocks, we notice that TMC is one of the better performing stocks in the market, outperforming 98% of all stocks. We also observe that the gains produced by TMC over the past year are nicely spread over this period.
TMC is part of the Metals & Mining industry. There are 156 other stocks in this industry. TMC outperforms 98% of them.
TMC has an average volume of 11664000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
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 4.37 - 6.69 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
TMC has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 5.37. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.90, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TMC in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
4.61
5.51
3 important support areas can be observed.
- A support zone ranging from 4.85 to 4.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.76 from a trend line in the daily time frame.
- Support @4.66 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 5.37 to 5.46. 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 | 98.98 | POSITIVE | TMC has a high relative strength, it outperformed 98.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TMC is above 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 | POSITIVE | The current price of TMC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.22 | NEUTRAL | The RSI value for TMC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests TMC has a positive trend. |
| Stochastics (14,3) | 73.47 | NEUTRAL | The Stochastics value for TMC is a neutral value. |
| Average True Range in percent/ATR (20) | 7.85 | HIGH VOLATILITY | The high ATR as a percentage value for TMC suggests high volalility. |
| Average Directional Index/ADX (14) | 13.18 | NEGATIVE | The low ADX value for TMC suggests a weak or negative 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 5.47 | 4.84 | 0.63 (11.52%) | 8.68% |
| An entry @5.47. This is a Buy Stop order right above the resistance zone. | An exit @4.84. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.63 points, which is 11.52%. | For a 1.00% total portfolio risk, you can invest 8.68% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
5.36
+0.1 (+1.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.9%
1 Week10.29%
2 Weeks8.94%
1 Month-8.69%
3 Month19.91%
6 Month213.45%
12 Month443.06%
2 Year328.8%
3 Year447.61%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.36
ATR(20)%7.85%
ATR Inc-12.94%
Range Today0.44
ADR(20)0.4
ADR(20)%7.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.98
Mansfield7.99
10 Day High5.46
10 Day Low4.37
20 Day High6.69
20 Day Low4.37
52 Week High8.63
52 Week Low0.72
CS1 End4.9
CR1 Start5.37
Volume & EV
DER(3)5.09%
DER(5)3.02%
Volume13.34M
Volume Incr-12.56%
Vol(5)9.57M
Vol(50)11.66M