Tmac Resources Inc (TMR.CA) Technical Analysis
TSX:TMR
Current stock price
TMR.CA Technical Rating and Analysis
Overall TMR gets a technical rating of 8 out of 10. Although TMR is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- TMR is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TMR is lagging the market slightly.
- TMR is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
- When comparing the performance of all stocks over the past year, TMR turns out to be only a medium performer in the overall market: it outperformed 65% of all stocks.
- In the last month TMR has a been trading in a tight range between 2.18 and 2.20.
TMR.CA Weekly and Daily overview Charts
TMR.CA Setup Rating and Analysis
Besides having an excellent technical rating, TMR also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 2.21. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.20, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TMR in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
TMR.CA Support and Resistance Analysis
1.15
3 important support areas can be observed.
- A support zone ranging from 2.18 to 2.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.26 from a trend line in the daily time frame.
- Support @1.16 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 2.21 to 2.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
TMR.CA 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.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for TMR.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TMR.CA is up. |
| ChartMill Relative Strength | 65.97 | NEUTRAL | TMR.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TMR.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TMR.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TMR.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 77.47 | OVERBOUGHT | The high RSI value suggests TMR.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests TMR.CA has a negative trend. |
| Stochastics (14,3) | 83.33 | OVERBOUGHT | The high Stochastics value suggests TMR.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.57 | LOW VOLATILITY | The low ATR as a percentage value for TMR.CA suggests low volalility. |
TMR.CA Chart- and CandleStick Pattern Analysis
TMR.CA Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.22 | 2.17 | 0.05 (2.25%) | 25.00% |
| An entry @2.22. This is a Buy Stop order right above the resistance zone. | An exit @2.17. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.05 points, which is 2.25%. | For a 0.56% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TMR.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:TMR (2/3/2021, 4:00:00 PM)
2.2
0 (0%)
Tmac Resources Inc / TMR.CA TA FAQ
What is the technical rating for TMR stock?
ChartMill assigns a technical rating of 8 / 10 to TMR.CA.
What is the current trend direction of Tmac Resources Inc (TMR.CA) stock?
The current trend direction for Tmac Resources Inc (TMR.CA) is Bullish.
Can you provide the RSI signal for Tmac Resources Inc?
Tmac Resources Inc (TMR.CA) has an RSI value of 77.4728. This indicates that the stock is currently overbought.
What is the MACD signal for TMR stock?
The MACD indicator for Tmac Resources Inc (TMR.CA) has a value of -0.032242, indicating a bearish trend.
Can you provide the support and resistance levels for Tmac Resources Inc?
Tmac Resources Inc (TMR.CA) has a support level at 2.2 and a resistance level at 2.21. Check the full technical report for our detailed analysis of TMR.CA support and resistance levels.