Torchlight Energy (TRCH) Stock Technical Analysis
NASDAQ:TRCH - Nasdaq -
We assign a technical rating of 10 out of 10 to TRCH. Both in the recent history as in the last year, TRCH has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that TRCH is one of the better performing stocks in the market, outperforming 99% of all stocks. We also observe that the gains produced by TRCH over the past year are nicely spread over this period.
TRCH is part of the Oil, Gas & Consumable Fuels industry. There are 213 other stocks in this industry. TRCH outperforms 100% of them.
TRCH has an average volume of 37782900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
TRCH 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 TRCH is lagging the market slightly.
In the last month TRCH has a been trading in the 2.30 - 10.88 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although TRCH has an excellent technical rating, it does not offer a high 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
1.76
5.00
When analyzing the support we can see 3 important areas.
- Support @4.74 from a horizontal line in the daily time frame.
- Support @2.48 from a trend line in the daily time frame.
- Support @1.78 from a horizontal 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 | UP | POSITIVE | The long term trend for TRCH is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TRCH is up. |
| ChartMill Relative Strength | 99.52 | POSITIVE | TRCH has a high relative strength, it outperformed 99.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TRCH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TRCH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TRCH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.56 | NEUTRAL | The RSI value for TRCH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests TRCH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 25.76 | NEUTRAL | The Stochastics value for TRCH is a neutral value. |
| Average True Range in percent/ATR (20) | 22.15 | HIGH VOLATILITY | The high ATR as a percentage value for TRCH suggests high volalility. |
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)
4.95
+0.2 (+4.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg4.21%
1 Week-21.05%
2 Weeks58.65%
1 Month107.11%
3 Month167.57%
6 Month696.97%
12 Month1314.29%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.45
ATR(20)%22.15%
ATR Inc-39.88%
Range Today0.58
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.52
Mansfield24.26
10 Day High10.88
10 Day Low3.32
20 Day High10.88
20 Day Low2.3
52 Week High10.88
52 Week Low0.21
CS1 End4.74
CR1 StartN/A
Volume & EV
DER(3)-0.72%
DER(5)-0.79%
Volume110.65M
Volume Incr461.82%
Vol(5)199.21M
Vol(50)37.78M