TENTH AVENUE PETROLEUM CORP (TPC.CA) Stock Technical Analysis
TSX-V:TPC - TSX Venture Exchange - CA88075A1021 - Common Stock - Currency: CAD
Taking everything into account, TPC scores 6 out of 10 in our technical rating. In the past year, TPC was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
TPC is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 87% of 210 stocks in the same industry.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the yearly performance of all stocks, we notice that TPC is one of the better performing stocks in the market, outperforming 82% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
TPC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TPC is lagging the market slightly.
In the last month TPC has a been trading in the 0.09 - 0.12 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
TPC has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 0.10, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TPC 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
0.07
0.12
2 important support areas can be observed.
- A support zone ranging from 0.10 to 0.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.07 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @0.11 from a horizontal line in the daily time frame.
- A resistance zone ranging from 0.12 to 0.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 TPC.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TPC.CA is neutral. |
| ChartMill Relative Strength | 82.25 | POSITIVE | TPC.CA has a high relative strength, it outperformed 82.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TPC.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TPC.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of TPC.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.21 | NEUTRAL | The RSI value for TPC.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests TPC.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 46.67 | NEUTRAL | The Stochastics value for TPC.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 8.33 | HIGH VOLATILITY | The high ATR as a percentage value for TPC.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 16.04 | NEGATIVE | The low ADX value for TPC.CA suggests a weak or negative 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 |
|---|---|---|---|
| 0.12 | 0.09 | 0.03 (25.00%) | 4.00% |
| An entry @0.12. This is a Buy Stop order right above the resistance zone. | An exit @0.09. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.03 points, which is 25.00%. | When investing 4.00% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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:TPC (8/1/2025, 7:00:00 PM)
0.105
+0.02 (+16.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg16.67%
1 Week-4.55%
2 Weeks16.67%
1 Month5%
3 Month61.54%
6 Month50%
12 Month5%
2 Year-38.24%
3 Year-54.35%
5 Year50%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.01
ATR(20)%8.33%
ATR Inc133.33%
Range Today0
ADR(20)0
ADR(20)%4.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.25
Mansfield-0.05
10 Day High0.12
10 Day Low0.09
20 Day High0.12
20 Day Low0.09
52 Week High0.15
52 Week Low0.02
CS1 End0.1
CR1 Start0.11
Volume & EV
DER(3)6.85%
DER(5)8.5%
Volume10.00K
Volume Incr-56.69%
Vol(5)30.03K
Vol(50)54.06K