Taking everything into account, TMCI scores 0 out of 10 in our technical rating. 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.
TMCI has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
2.43
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 2.46 to 2.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.70 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 | 3.42 | NEGATIVE | TMCI has a low relative strength, it was outperformed by 96.58% 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) | 31.1 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 17.22 | OVERSOLD | The low Stochastics value suggests TMCI may be oversold. |
| Average True Range in percent/ATR (20) | 7.04 | HIGH VOLATILITY | The high ATR as a percentage value for TMCI suggests high volalility. |
| Average Directional Index/ADX (14) | 49.54 | POSITIVE | The high ADX value value for TMCI suggests a strong trend. |
2.45
-0.03 (-1.21%)
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 31.1016. 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 0.0716157, 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.