TREACE MEDICAL CONCEPTS INC (TMCI) Technical Analysis
NASDAQ:TMCI • US89455T1097
Current stock price
TMCI Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to TMCI. 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.
- When comparing the yearly performance of all stocks, TMCI is a bad performer in the overall market: 98% of all stocks are doing better.
- TMCI is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 85% of 184 stocks in the same industry do better.
- TMCI is currently trading near the lower end of its 52 week range, which is not a good sign. 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 1.31 - 2.20 range, which is quite wide. It is currently trading near the lows of this range.
TMCI Weekly and Daily overview Charts
TMCI Setup Rating and Analysis
TMCI has a poor technical rating and the quality of the setup is also not perfect 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
1.45
2 important resistance areas can be observed.
- Resistance @1.76 from a trend line in the daily time frame.
- Resistance @2.75 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 | 2.79 | NEGATIVE | TMCI has a low relative strength, it was outperformed by 97.21% 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) | 37.78 | NEUTRAL | The RSI value for TMCI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests TMCI has a positive trend. |
| Stochastics (14,3) | 15.36 | OVERSOLD | The low Stochastics value suggests TMCI may be oversold. |
| Average True Range in percent/ATR (20) | 10.91 | HIGH VOLATILITY | The high ATR as a percentage value for TMCI suggests high volalility. |
| Average Directional Index/ADX (14) | 29.09 | 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
1.46
+0.04 (+2.82%)
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 37.7814. 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 0.00553161, 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.