Toubani Resources Inc (TRE.CA) Stock Technical Analysis
Canada • TSX Venture Exchange • TSX-V:TRE • CA89157R1047
We assign a technical rating of 0 out of 10 to TRE. TRE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 100% of all other stocks performed better in the past year than TRE.
- TRE is one of the lesser performing stocks in the Metals & Mining industry. 93% of 814 stocks in the same industry do better.
- TRE is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month TRE has a been trading in the 0.10 - 0.18 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The technical rating of TRE is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.11
We can see 2 important resistance areas.
- A resistance zone ranging from 0.13 to 0.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.18 to 0.18. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The long term trend for TRE.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TRE.CA is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | TRE.CA has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TRE.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TRE.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TRE.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 35.81 | NEUTRAL | The RSI value for TRE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests TRE.CA has a negative trend. |
| Stochastics (14,3) | 37.12 | NEUTRAL | The Stochastics value for TRE.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 9.78 | HIGH VOLATILITY | The high ATR as a percentage value for TRE.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 26.93 | POSITIVE | The high ADX value value for TRE.CA suggests a strong trend. |
TSX-V:TRE (5/11/2023, 7:00:00 PM)
0.115
-0.01 (-8%)
Toubani Resources Inc / TRE.CA FAQ
What is the ChartMill technical rating of Toubani Resources Inc (TRE.CA) stock?
ChartMill assigns a technical rating of 0 / 10 to TRE.CA.
What is the current trend direction of Toubani Resources Inc (TRE.CA) stock?
The current trend direction for Toubani Resources Inc (TRE.CA) is Bearish.
What is the RSI signal for TRE stock?
Toubani Resources Inc (TRE.CA) has an RSI value of 35.8082. This indicates that the stock is currently neutral.
What is the short term momentum for TRE stock?
The short term momentum for Toubani Resources Inc (TRE.CA) is negative.
Can you provide the support and resistance levels for Toubani Resources Inc?
Toubani Resources Inc (TRE.CA) has a resistance level at 0.13. Check the full technical report for our detailed analysis of TRE.CA support and resistance levels.