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 0 out of 10. TMCI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 98% 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. 87% of 184 stocks in the same industry do better.
- TMCI is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so TMCI is lagging the market.
- In the last month TMCI has a been trading in the 1.22 - 2.20 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
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
1.23
When analyzing the resistance we notice one important area.
- Resistance @1.68 from a trend 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 | DOWN | NEGATIVE | The short term trend for TMCI is down. |
| ChartMill Relative Strength | 2.35 | NEGATIVE | TMCI has a low relative strength, it was outperformed by 97.65% 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) | 31.51 | NEUTRAL | The RSI value for TMCI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests TMCI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 3.9 | OVERSOLD | The low Stochastics value suggests TMCI may be oversold. |
| Average True Range in percent/ATR (20) | 12.93 | HIGH VOLATILITY | The high ATR as a percentage value for TMCI suggests high volalility. |
| Average Directional Index/ADX (14) | 29.3 | 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
1.24
-0.07 (-5.34%)
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 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 31.5141. 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 0.000796348, 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.