TRILOGY METALS INC (TMQ) Stock Technical Analysis
NYSEARCA:TMQ • CA89621C1059
Taking everything into account, TMQ scores 3 out of 10 in our technical rating. Although TMQ 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.
- TMQ 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 TMQ has a been trading in the 3.42 - 7.25 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.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- TMQ has an average volume of 5238250 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- Looking at the yearly performance, TMQ did better than 93% of all other stocks. We also observe that the gains produced by TMQ over the past year are nicely spread over this period. However, this overall performance is mostly based on the strong move around 4 months ago.
- TMQ is an average performer in the Metals & Mining industry, it outperforms 46% of 156 stocks in the same industry.
The technical rating of TMQ is bad and it also does not present a 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.
More info and screens
2.01
We found 2 important support areas.
- Support @3.65 from a horizontal line in the daily time frame.
- Support @2.03 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @6.00 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 | NEUTRAL | NEUTRAL | The long term trend for TMQ is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TMQ is down. |
| ChartMill Relative Strength | 93.48 | POSITIVE | TMQ has a high relative strength, it outperformed 93.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TMQ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TMQ is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TMQ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.35 | NEUTRAL | The RSI value for TMQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests TMQ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.93 | OVERSOLD | The low Stochastics value suggests TMQ may be oversold. |
| Average True Range in percent/ATR (20) | 14.7 | HIGH VOLATILITY | The high ATR as a percentage value for TMQ suggests high volalility. |
| Average Directional Index/ADX (14) | 24.15 | NEUTRAL | The ADX value for TMQ suggests a possible start of a new trend. |
3.91
+0.25 (+6.83%)
TRILOGY METALS INC / TMQ FAQ
Can you provide the ChartMill technical rating for TRILOGY METALS INC?
ChartMill assigns a technical rating of 3 / 10 to TMQ.
Can you provide the trend direction for TRILOGY METALS INC?
The current trend direction for TRILOGY METALS INC (TMQ) is Bearish.
Can you provide the RSI signal for TRILOGY METALS INC?
TRILOGY METALS INC (TMQ) has an RSI value of 38.353. This indicates that the stock is currently neutral.
What is the MACD signal for TMQ stock?
The MACD indicator for TRILOGY METALS INC (TMQ) has a value of -0.167097, indicating a bearish trend.