We assign a technical rating of 0 out of 10 to TMCI. 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.
Although the technical rating is bad, TMCI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for TMCI 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.
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2.48
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 2.51 to 2.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.68 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 | 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 | 3.15 | NEGATIVE | TMCI has a low relative strength, it was outperformed by 96.85% 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) | 33.95 | NEUTRAL | The RSI value for TMCI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests TMCI has a positive trend. |
| Stochastics (14,3) | 19.44 | OVERSOLD | The low Stochastics value suggests TMCI may be oversold. |
| Average True Range in percent/ATR (20) | 6.8 | HIGH VOLATILITY | The high ATR as a percentage value for TMCI suggests high volalility. |
| Average Directional Index/ADX (14) | 49.13 | POSITIVE | The high ADX value value for TMCI suggests a strong trend. |
2.5
+0.05 (+2.04%)
TREACE MEDICAL CONCEPTS INC / TMCI FAQ
Can you provide the ChartMill technical rating for TREACE MEDICAL CONCEPTS INC?
ChartMill assigns a technical rating of 0 / 10 to TMCI.
What is the current trend direction of TREACE MEDICAL CONCEPTS INC (TMCI) stock?
The current trend direction for TREACE MEDICAL CONCEPTS INC (TMCI) is Bearish.
Can you provide the RSI signal for TREACE MEDICAL CONCEPTS INC?
TREACE MEDICAL CONCEPTS INC (TMCI) has an RSI value of 33.9486. This indicates that the stock is currently neutral.
Can you provide the MACD signal for TREACE MEDICAL CONCEPTS INC?
The MACD indicator for TREACE MEDICAL CONCEPTS INC (TMCI) has a value of 0.0744843, indicating a bearish trend.
What is the buy/sell signal for TREACE MEDICAL CONCEPTS INC (TMCI) stock?
The buy/sell signal for TREACE MEDICAL CONCEPTS INC (TMCI) is sell as both the short term and long term trends are negative.