TITAN MEDICAL INC (TMD.CA) Stock Technical Analysis
TSX:TMD • CA88830X8199
We assign a technical rating of 7 out of 10 to TMD. In the last year, TMD was one of the better performers, but we do observe some doubts in the very recent evolution.
- 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 gets the benefit of the doubt for now.
- TMD is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 100% of 15 stocks in the same industry.
- Looking at the yearly performance, TMD did better than 99% of all other 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.
Although TMD has an excellent technical rating, it does not present a decent entry opportunity 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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0.79
When analyzing the resistance we notice one important area.
- Resistance @1.20 from a trend 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 TMD.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TMD.CA is neutral. |
| ChartMill Relative Strength | 99.94 | POSITIVE | TMD.CA has a high relative strength, it outperformed 99.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TMD.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TMD.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TMD.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.2 | NEUTRAL | The RSI value for TMD.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests TMD.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 2.47 | OVERSOLD | The low Stochastics value suggests TMD.CA may be oversold. |
| Average True Range in percent/ATR (20) | 12.34 | HIGH VOLATILITY | The high ATR as a percentage value for TMD.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 42.29 | POSITIVE | The high ADX value value for TMD.CA suggests a strong trend. |
TSX:TMD (11/22/2024, 7:00:00 PM)
0.8
-0.04 (-4.76%)
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.
Can you provide the trend direction for TITAN MEDICAL INC?
The current trend direction for TITAN MEDICAL INC (TMD.CA) is Bullish.
Can you provide the RSI signal for TITAN MEDICAL INC?
TITAN MEDICAL INC (TMD.CA) has an RSI value of 46.1979. This indicates that the stock is currently neutral.
Can you provide the MACD signal for TITAN MEDICAL INC?
The MACD indicator for TITAN MEDICAL INC (TMD.CA) has a value of -0.0624038, indicating a bearish trend.
What is the short term momentum for TMD stock?
The short term momentum for TITAN MEDICAL INC (TMD.CA) is neutral.