TREACE MEDICAL CONCEPTS INC (TMCI) Technical Analysis
NASDAQ:TMCI • US89455T1097
Current stock price
TMCI Technical Rating and Analysis
Overall TMCI gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. TMCI was also a bad performer in the overall market in the last year.
- 95% of all other stocks performed better in the past year than TMCI.
- TMCI is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 75% of 187 stocks in the same industry do better.
- TMCI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month TMCI has a been trading in the 1.17 - 2.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
TMCI Weekly and Daily overview Charts
TMCI Setup Rating and Analysis
The technical rating of TMCI is bad and it also does not present a quality setup 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
TMCI Support and Resistance Analysis
1.95
When analyzing the resistance we notice 4 important areas.
- Resistance @1.98 from a horizontal line in the weekly time frame.
- Resistance @2.11 from a trend line in the daily time frame.
- Resistance @2.20 from a trend line in the daily time frame.
- Resistance @2.24 from a horizontal line in the daily time frame.
TMCI Technical Indicator Signal Analysis
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 | UP | POSITIVE | The short term trend for TMCI is up. |
| ChartMill Relative Strength | 5.07 | NEGATIVE | TMCI has a low relative strength, it was outperformed by 94.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TMCI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of TMCI is above 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) | 60.41 | NEUTRAL | The RSI value for TMCI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests TMCI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.37 | NEUTRAL | The Stochastics value for TMCI is a neutral value. |
| Average True Range in percent/ATR (20) | 8.98 | HIGH VOLATILITY | The high ATR as a percentage value for TMCI suggests high volalility. |
| Average Directional Index/ADX (14) | 29.88 | POSITIVE | The high ADX value value for TMCI suggests a strong trend. |
TMCI Chart- and CandleStick Pattern Analysis
TMCI Technicals: Chart, Performance Metrics, Trend & Indicators
1.97
+0.03 (+1.55%)
TREACE MEDICAL CONCEPTS INC / TMCI TA FAQ
Can you provide the ChartMill technical rating for TREACE MEDICAL CONCEPTS INC?
ChartMill assigns a technical rating of 3 / 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.
What is the RSI signal for TREACE MEDICAL CONCEPTS INC (TMCI) stock?
TREACE MEDICAL CONCEPTS INC (TMCI) has an RSI value of 60.4116. This indicates that the stock is currently neutral.
What is the MACD signal for TREACE MEDICAL CONCEPTS INC (TMCI) stock?
The MACD indicator for TREACE MEDICAL CONCEPTS INC (TMCI) has a value of 0.0766963, indicating a bearish trend.
Can you provide the support and resistance levels for TREACE MEDICAL CONCEPTS INC?
TREACE MEDICAL CONCEPTS INC (TMCI) has a resistance level at 1.98. Check the full technical report for our detailed analysis of TMCI support and resistance levels.