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TITAN MEDICAL INC (TMD.CA) Stock Technical Analysis

Canada - TSX:TMD - CA88830X8199 - Common Stock

0.8 CAD
-0.04 (-4.76%)
Last: 11/22/2024, 7:00:00 PM
Technical Rating and Analysis

7

Taking everything into account, TMD scores 7 out of 10 in our technical rating. 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 TMD has a been trading in the 0.80 - 1.52 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.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
TMD is part of the Health Care Equipment & Supplies industry. There are 16 other stocks in this industry. TMD outperforms 100% of them.
When comparing the yearly performance of all stocks, we notice that TMD is one of the better performing stocks in the market, outperforming 99% of all stocks. However, this relatively good performance is mostly due to a recent big move.
TMD is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TMD is lagging the market.
Considerably lower volume is observed in the last couple of days.

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Weekly and Daily overview Charts
TITAN MEDICAL INC / TMD Weekly stock chart
TITAN MEDICAL INC / TMD Daily stock chart
Setup Rating and Analysis

3

Although TMD has an excellent technical rating, it does not offer a high 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.

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Support and Resistance Analysis

0.79

1.21

We found 1 important resistance area.

  • Resistance @1.20 from a trend line in the weekly time frame.

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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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for TMD.CA is up.
ChartMill Short Term Trend IndicatorNEUTRALNEUTRALThe short term trend for TMD.CA is neutral.
ChartMill Relative Strength99.94POSITIVETMD.CA has a high relative strength, it outperformed 99.94% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of TMD.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of TMD.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of TMD.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)46.2NEUTRALThe RSI value for TMD.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.06NEGATIVEThe MACD value suggests TMD.CA has a negative trend, although the MACD value is rising.
Stochastics (14,3)2.47OVERSOLDThe low Stochastics value suggests TMD.CA may be oversold.
Average True Range in percent/ATR (20)12.34HIGH VOLATILITYThe high ATR as a percentage value for TMD.CA suggests high volalility.
Average Directional Index/ADX (14)42.29POSITIVEThe high ADX value value for TMD.CA suggests a strong trend.
Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)

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TITAN MEDICAL INC / TMD Daily stock chart

TITAN MEDICAL INC

TSX:TMD (11/22/2024, 7:00:00 PM)

0.8

-0.04 (-4.76%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-4.76%
1 Week-11.11%
2 Weeks-27.27%
1 Month-29.2%
3 Month1500%
6 Month1354.55%
12 Month841.18%
2 Year23.08%
3 Year-11.11%
5 Year-6.98%
10 Year-98.14%
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%12.34%
ATR Inc-42.47%
Range Today0.03
ADR(20)0.09
ADR(20)%10.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.94
3 months CRSN/A
6 months CRSN/A
Mansfield32.03
10 Day High1.06
10 Day Low0.8
20 Day High1.52
20 Day Low0.8
52 Week High1.52
52 Week Low0.05
CS1 EndN/A
CR1 Start1.2
Volume & EV
DER(3)-379.22%
DER(5)-311.68%
Volume6.05K
Volume Incr2%
Vol(5)11.44K
Vol(50)32.38K

TITAN MEDICAL INC / TMD.CA FAQ

Can you provide the ChartMill technical rating for TITAN MEDICAL INC?

ChartMill assigns a technical rating of 7 / 10 to TMD.CA.


What is the trend direction for TMD stock?

The current trend direction for TITAN MEDICAL INC (TMD.CA) is Bullish.


What is the RSI signal for TMD stock?

TITAN MEDICAL INC (TMD.CA) has an RSI value of 46.1979. This indicates that the stock is currently neutral.


What is the MACD signal for TMD stock?

The MACD indicator for TITAN MEDICAL INC (TMD.CA) has a value of -0.0624038, indicating a bearish trend.


Can you provide the short term momentum for TITAN MEDICAL INC?

The short term momentum for TITAN MEDICAL INC (TMD.CA) is neutral.