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TOURMALINE OIL CORP (TOU.CA) Stock Technical Analysis

TSX:TOU - Toronto Stock Exchange - CA89156V1067 - Common Stock - Currency: CAD

69.1  -0.15 (-0.22%)

Technical Rating and Analysis

8

Taking everything into account, TOU scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TOU is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, TOU did better than 73% of all other stocks.
TOU is part of the Oil, Gas & Consumable Fuels industry. There are 220 other stocks in this industry. TOU outperforms 84% of them.
TOU 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.
In the last month TOU has a been trading in the 64.76 - 70.07 range, which is quite wide. It is currently trading near the high of this range.
TOU has an average volume of 1503270 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Weekly and Daily overview Charts
TOURMALINE OIL CORP / TOU Weekly stock chart
TOURMALINE OIL CORP / TOU Daily stock chart
Setup Rating and Analysis

8

Besides having an excellent technical rating, TOU also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 69.16. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 67.61, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TOU 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.
Support and Resistance Analysis

55.38

71.58

We found 3 important support areas.

  • A support zone ranging from 65.98 to 67.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 60.71 to 63.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @55.94 from a horizontal line in the weekly time frame.

2 important resistance areas can be observed.

  • A resistance zone ranging from 69.16 to 69.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @70.87 from a horizontal line in the weekly time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.68
Mansfield-0.06
10 Day High69.7
10 Day Low64.76
20 Day High70.07
20 Day Low64.76
52 Week High70.65
52 Week Low55.27
Performance
1 Week3.69%
2 Weeks3.74%
1 Month0.61%
3 Month10.49%
6 Month9.77%
12 Month20.74%
2 Year15.55%
3 Year38.2%
5 Year519.73%
10 Year77.82%
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.03
RSI(14)59.28
LBB65.19
UBB69.76
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.

ENTRYEXITDISTANCECAPITAL
69.3565.973.38 (4.87%)20.52%
An entry @69.35. This is a Buy Stop order right above the resistance zone.An exit @65.97. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 3.38 points, which is 4.87%.For a 1.00% total portfolio risk, you can invest 20.52% 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.
TOURMALINE OIL CORP / TOU Daily stock chart

TOURMALINE OIL CORP

TSX:TOU (2/11/2025, 7:00:00 PM)

69.1

-0.15 (-0.22%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.22%
1 Week3.69%
2 Weeks3.74%
1 Month0.61%
3 Month10.49%
6 Month9.77%
12 Month20.74%
2 Year15.55%
3 Year38.2%
5 Year519.73%
10 Year77.82%
15 YearN/A
Volatility
ATR(14)1.83
ATR(20)%2.57%
ATR Inc-17.49%
Range Today0.91
ADR(20)1.75
ADR(20)%2.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.68
Mansfield-0.06
10 Day High69.7
10 Day Low64.76
20 Day High70.07
20 Day Low64.76
52 Week High70.65
52 Week Low55.27
CS1 End67.61
CR1 Start69.16
Volume & EV
DER(3)7.3%
DER(5)2.8%
Volume748.67K
Volume Incr-30.21%
Vol(5)997.64K
Vol(50)1.50M