We assign a technical rating of 9 out of 10 to TMCWW. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month TMCWW has a been trading in the 1.28 - 1.95 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, TMCWW did better than 99% of all other stocks. We also observe that the gains produced by TMCWW over the past year are nicely spread over this period.
- TMCWW is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TMCWW is lagging the market.
TMCWW has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
0.88
When analyzing the support we can see 5 important areas.
- A support zone ranging from 1.35 to 1.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.29 to 1.30. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @1.03 from a trend line in the weekly time frame.
- Support @0.93 from a trend line in the weekly time frame.
- Support @0.89 from a trend line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 1.41 to 1.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.56 from a horizontal line in the daily time frame.
- Resistance @1.83 from a trend line in the weekly time frame.
- Resistance @2.08 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for TMCWW is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TMCWW is neutral. |
| ChartMill Relative Strength | 99.57 | POSITIVE | TMCWW has a high relative strength, it outperformed 99.57% 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) | UP | POSITIVE | The current price of TMCWW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TMCWW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.63 | NEUTRAL | The RSI value for TMCWW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests TMCWW has a negative trend. |
| Stochastics (14,3) | 39.32 | NEUTRAL | The Stochastics value for TMCWW is a neutral value. |
| Average True Range in percent/ATR (20) | 13.92 | HIGH VOLATILITY | The high ATR as a percentage value for TMCWW suggests high volalility. |
| Average Directional Index/ADX (14) | 16.79 | NEGATIVE | The low ADX value for TMCWW suggests a weak or negative trend. |
1.41
-0.1 (-6.62%)
TMC THE METALS CO INC -CW25I / TMCWW FAQ
What is the technical rating for TMCWW stock?
ChartMill assigns a technical rating of 9 / 10 to TMCWW.
What is the trend direction for TMCWW stock?
The current trend direction for TMC THE METALS CO INC -CW25I (TMCWW) is Bullish.
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 47.6283. This indicates that the stock is currently neutral.
What is the support and resistance level for TMCWW stock?
TMC THE METALS CO INC -CW25I (TMCWW) has a support level at 1.36 and a resistance level at 1.41. Check the full technical report for our detailed analysis of TMCWW support and resistance levels.