TENAZ ENERGY CORP (TNZ.CA) Stock Technical Analysis
TSX-V:TNZ - CA88034V3048 - Common Stock
22.07 CAD
-0.41 (-1.82%)
We assign a technical rating of 10 out of 10 to TNZ. Both in the recent history as in the last year, TNZ has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, TNZ did better than 92% of all other stocks. We also observe that the gains produced by TNZ over the past year are nicely spread over this period.
TNZ is part of the Oil, Gas & Consumable Fuels industry. There are 215 other stocks in this industry. TNZ outperforms 96% of them.
TNZ is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
TNZ 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.
Besides having an excellent technical rating, TNZ also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
More info and screens
15.96
22.29
When analyzing the support we can see 3 important areas.
- A support zone ranging from 22.06 to 22.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 19.91 to 20.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.12 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 TNZ.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TNZ.CA is up. |
| ChartMill Relative Strength | 92.95 | POSITIVE | TNZ.CA has a high relative strength, it outperformed 92.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TNZ.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TNZ.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TNZ.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.59 | NEUTRAL | The RSI value for TNZ.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests TNZ.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.23 | NEUTRAL | The Stochastics value for TNZ.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.77 | MEDIUM VOLATILITY | The ATR as a percentage value for TNZ.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 32.94 | POSITIVE | The high ADX value value for TNZ.CA suggests a strong trend. |
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)
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 |
|---|---|---|---|
| 22.60 | 22.05 | 0.55 (2.44%) | 25.00% |
| An entry @22.60. This is a Buy Stop order right above the 10 day moving average. | An exit @22.05. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.55 points, which is 2.44%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.61%. |
- The distance between exit and entry is rather small compared to the average daily movement of TNZ. Please evaluate whether better entry and exit points can be found.
- 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.
TSX-V:TNZ (9/5/2025, 7:00:00 PM)
22.07
-0.41 (-1.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-1.82%
1 Week-4.46%
2 Weeks2.79%
1 Month17.77%
3 Month20.08%
6 Month79.43%
12 Month183.31%
2 Year479.27%
3 Year1391.22%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.95
ATR(20)%3.77%
ATR Inc-8.05%
Range Today1.09
ADR(20)0.83
ADR(20)%3.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.95
Mansfield3.7
10 Day High23.53
10 Day Low21.45
20 Day High23.53
20 Day Low18.55
52 Week High23.53
52 Week Low7.57
CS1 End22.06
CR1 StartN/A
Volume & EV
DER(3)-5.21%
DER(5)-3.82%
Volume91.81K
Volume Incr12.33%
Vol(5)90.13K
Vol(50)72.94K