Logo image of TRCH

Torchlight Energy (TRCH) Stock Technical Analysis

USA - Nasdaq - NASDAQ:TRCH -

4.95
+0.2 (+4.21%)
Last: 6/25/2021, 8:00:26 PM
4.65
-0.3 (-6.06%)
After Hours: 6/25/2021, 8:00:26 PM
Technical Rating and Analysis

10

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.
Looking at the yearly performance, TRCH did better than 99% of all other stocks. On top of that, TRCH also shows a nice and consistent pattern of rising prices.
TRCH is part of the Oil, Gas & Consumable Fuels industry. There are 208 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 currently trading near new highs, so TRCH is lagging the market.
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.

More info and screens

Weekly and Daily overview Charts
Torchlight Energy / TRCH Weekly stock chart
Torchlight Energy / TRCH Daily stock chart
Setup Rating and Analysis

3

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

Support and Resistance Analysis

1.76

5.00

We found 3 important support 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.

More info

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for TRCH is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for TRCH is up.
ChartMill Relative Strength99.52POSITIVETRCH has a high relative strength, it outperformed 99.52% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of TRCH is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of TRCH is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of TRCH is above the rising SMA(200).
Relative Strength Index/RSI (14)53.56NEUTRALThe RSI value for TRCH is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.02POSITIVEThe MACD value suggests TRCH has a positive trend, although the MACD value is declining.
Stochastics (14,3)25.76NEUTRALThe Stochastics value for TRCH is a neutral value.
Average True Range in percent/ATR (20)22.15HIGH VOLATILITYThe high ATR as a percentage value for TRCH suggests high volalility.
Chart- and CandleStick Pattern Analysis
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)

More info

Torchlight Energy / TRCH Daily stock chart

Torchlight Energy

NASDAQ:TRCH (6/25/2021, 8:00:26 PM)

After market: 4.65 -0.3 (-6.06%)

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
3 months CRSN/A
6 months CRSN/A
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

Torchlight Energy / TRCH FAQ

What is the ChartMill technical rating of Torchlight Energy (TRCH) stock?

ChartMill assigns a technical rating of 10 / 10 to TRCH.


What is the trend direction for TRCH stock?

The current trend direction for Torchlight Energy (TRCH) is Bullish.


What is the RSI signal for Torchlight Energy (TRCH) stock?

Torchlight Energy (TRCH) has an RSI value of 53.5641. This indicates that the stock is currently neutral.


Can you provide the MACD signal for Torchlight Energy?

The MACD indicator for Torchlight Energy (TRCH) has a value of 0.0182662, indicating a bearish trend.


What is the short term momentum for TRCH stock?

The short term momentum for Torchlight Energy (TRCH) is positive.