TREACE MEDICAL CONCEPTS INC (TMCI) Stock Technical Analysis
NASDAQ:TMCI - US89455T1097 - Common Stock
7 USD
-0.4 (-5.41%)
6.88 USD
-0.12 (-1.71%)
Overall TMCI gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TMCI is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
TMCI is part of the Health Care Equipment & Supplies industry. There are 190 other stocks in this industry. TMCI outperforms 87% of them.
When comparing the yearly performance of all stocks, we notice that TMCI is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
TMCI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TMCI is lagging the market.
In the last month TMCI has a been trading in the 6.34 - 7.78 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
TMCI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 7.40. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for TMCI in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
5.39
7.79
We found 2 important support areas.
- A support zone ranging from 6.99 to 6.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 5.44 to 5.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 7.40 to 7.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 7.71 to 7.71. This zone is formed by a combination of multiple trend lines 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 TMCI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TMCI is up. |
| ChartMill Relative Strength | 85.73 | POSITIVE | TMCI has a high relative strength, it outperformed 85.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TMCI is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TMCI is above the rising 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) | 52.03 | NEUTRAL | The RSI value for TMCI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests TMCI has a negative trend. |
| Stochastics (14,3) | 37.07 | NEUTRAL | The Stochastics value for TMCI is a neutral value. |
| Average True Range in percent/ATR (20) | 5.24 | HIGH VOLATILITY | The high ATR as a percentage value for TMCI suggests high volalility. |
| Average Directional Index/ADX (14) | 36.4 | 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)
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 |
|---|---|---|---|
| 7.25 | 6.98 | 0.27 (3.74%) | 25.00% |
| An entry @7.25. This is a Buy Stop order right above the 10 day moving average. | An exit @6.98. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.27 points, which is 3.74%. | For a 0.93% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of TMCI. Please evaluate whether better entry and exit points can be found.
- 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.
7
-0.4 (-5.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-5.41%
1 Week-3.45%
2 Weeks-5.91%
1 Month7.2%
3 Month23.46%
6 Month-11.95%
12 Month36.72%
2 Year-46.61%
3 Year-68.28%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.35
ATR(20)%5.24%
ATR Inc79.96%
Range Today0.5
ADR(20)0.37
ADR(20)%5.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.73
Mansfield-0.99
10 Day High7.63
10 Day Low6.93
20 Day High7.78
20 Day Low6.35
52 Week High10.79
52 Week Low4.54
CS1 End6.99
CR1 Start7.4
Volume & EV
DER(3)3.25%
DER(5)2.02%
Volume414.70K
Volume Incr-22.39%
Vol(5)322.43K
Vol(50)329.79K