TREACE MEDICAL CONCEPTS INC (TMCI) Stock Technical Analysis
NASDAQ:TMCI - Nasdaq - US89455T1097 - Common Stock - Currency: USD
Overall TMCI gets a technical rating of 0 out of 10. TMCI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
83% of all other stocks performed better in the past year than TMCI.
TMCI is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TMCI is lagging the market.
TMCI is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
TMCI is part of the Health Care Equipment & Supplies industry. There are 188 other stocks in this industry, TMCI did better than 46% of them.
TMCI has a poor technical rating and the quality of the setup is also only medium 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
5.05
8.57
When analyzing the support we can see 2 important areas.
- A support zone ranging from 5.73 to 5.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.10 from a trend line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 5.82 to 5.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.60 from a trend line in the daily time frame.
- A resistance zone ranging from 6.82 to 6.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @8.49 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for TMCI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TMCI is down. |
| ChartMill Relative Strength | 17.44 | NEGATIVE | TMCI has a low relative strength, it was outperformed by 82.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TMCI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TMCI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TMCI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 33.97 | NEUTRAL | The RSI value for TMCI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests TMCI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.63 | OVERSOLD | The low Stochastics value suggests TMCI may be oversold. |
| Average True Range in percent/ATR (20) | 6.93 | HIGH VOLATILITY | The high ATR as a percentage value for TMCI suggests high volalility. |
| Average Directional Index/ADX (14) | 31.88 | POSITIVE | The high ADX value value for TMCI 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)
5.81
+0.04 (+0.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0.69%
1 Week1.22%
2 Weeks-4.75%
1 Month-22.94%
3 Month-32.21%
6 Month-26.73%
12 Month-1.69%
2 Year-77.29%
3 Year-59.48%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.27
ATR(20)%6.93%
ATR Inc-6.16%
Range Today0.21
ADR(20)0.37
ADR(20)%6.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.44
Mansfield-2.18
10 Day High6.21
10 Day Low5.63
20 Day High7.67
20 Day Low5.63
52 Week High10.79
52 Week Low4.54
CS1 End5.78
CR1 Start5.82
Volume & EV
DER(3)1.43%
DER(5)6.66%
Volume208.80K
Volume Incr-45.99%
Vol(5)299.26K
Vol(50)444.95K