TREACE MEDICAL CONCEPTS INC (TMCI) Stock Technical Analysis
NASDAQ:TMCI - Nasdaq - US89455T1097 - Common Stock - Currency: USD
Overall TMCI gets a technical rating of 4 out of 10. Although TMCI is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
TMCI is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 91% of 189 stocks in the same industry.
In the last month TMCI has a been trading in the 6.15 - 7.73 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, TMCI did better than 91% of all other stocks. However, we also see that TMCI couldn't keep up this performance in the last couple of months.
TMCI is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Although the technical rating is only medium, TMCI does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 7.55. 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.
- 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
5.00
9.00
When analyzing the support we can see 4 important areas.
- A support zone ranging from 7.18 to 7.19. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @6.66 from a trend line in the weekly time frame.
- A support zone ranging from 6.43 to 6.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.05 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 7.55 to 7.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @8.91 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.87
Mansfield0.72
10 Day High7.73
10 Day Low6.52
20 Day High7.73
20 Day Low6.15
52 Week High10.79
52 Week Low4.29
Performance
1 Week2.72%
2 Weeks13.21%
1 Month1.75%
3 Month-26.44%
6 Month-6.22%
12 Month72.15%
2 Year-71.65%
3 Year-54.82%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.15
RSI(14)55.84
LBB6.18
UBB7.76
7.54
+0.34 (+4.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg4.72%
1 Week2.72%
2 Weeks13.21%
1 Month1.75%
3 Month-26.44%
6 Month-6.22%
12 Month72.15%
2 Year-71.65%
3 Year-54.82%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.48
ATR(20)%6.12%
ATR Inc25.44%
Range Today0.52
ADR(20)0.45
ADR(20)%6.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.87
Mansfield0.72
10 Day High7.73
10 Day Low6.52
20 Day High7.73
20 Day Low6.15
52 Week High10.79
52 Week Low4.29
CS1 End7.19
CR1 Start7.55
Volume & EV
DER(3)7.22%
DER(5)4.57%
Volume567.20K
Volume Incr13.66%
Vol(5)465.08K
Vol(50)416.43K