TMC THE METALS CO INC -CW25I (TMCWW) Stock Technical Analysis
NASDAQ:TMCWW
Taking everything into account, TMCWW scores 3 out of 10 in our technical rating. Although TMCWW 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 negative, as is the long term trend. There should be more interesting stocks out there.
- TMCWW 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.
- In the last month TMCWW has a been trading in the 0.85 - 2.34 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that TMCWW is one of the better performing stocks in the market, outperforming 98% of all stocks. We also observe that the gains produced by TMCWW over the past year are nicely spread over this period. However, this overall performance is mostly based on the strong move around 10 months ago.
- Considerably lower volume is observed in the last couple of days.
TMCWW 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
0.75
3 important support areas can be observed.
- A support zone ranging from 0.86 to 0.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.84 from a trend line in the daily time frame.
- Support @0.76 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 TMCWW is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TMCWW is down. |
| ChartMill Relative Strength | 98.08 | POSITIVE | TMCWW has a high relative strength, it outperformed 98.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TMCWW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TMCWW is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of TMCWW is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.93 | NEUTRAL | The RSI value for TMCWW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests TMCWW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.75 | OVERSOLD | The low Stochastics value suggests TMCWW may be oversold. |
| Average True Range in percent/ATR (20) | 31.58 | HIGH VOLATILITY | The high ATR as a percentage value for TMCWW suggests high volalility. |
| Average Directional Index/ADX (14) | 19.85 | NEGATIVE | The low ADX value for TMCWW suggests a weak or negative trend. |
0.88
-0.08 (-8.43%)
TMC THE METALS CO INC -CW25I / TMCWW FAQ
What is the technical rating for TMCWW stock?
ChartMill assigns a technical rating of 3 / 10 to TMCWW.
What is the trend direction for TMCWW stock?
The current trend direction for TMC THE METALS CO INC -CW25I (TMCWW) is Bearish.
Can you provide the RSI signal for TMC THE METALS CO INC -CW25I?
TMC THE METALS CO INC -CW25I (TMCWW) has an RSI value of 39.9314. This indicates that the stock is currently neutral.
What is the buy/sell signal for TMCWW stock?
The buy/sell signal for TMC THE METALS CO INC -CW25I (TMCWW) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for TMC THE METALS CO INC -CW25I (TMCWW) stock?
TMC THE METALS CO INC -CW25I (TMCWW) has a support level at 0.87. Check the full technical report for our detailed analysis of TMCWW support and resistance levels.