Trillium Therapeutics Inc (TRIL.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:TRIL -
We assign a technical rating of 9 out of 10 to TRIL. Both in the recent history as in the last year, TRIL 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.
- TRIL is one of the better performing stocks in the Biotechnology industry, it outperforms 95% of 23 stocks in the same industry.
- TRIL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TRIL is lagging the market slightly.
- Looking at the yearly performance, TRIL did better than 93% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- In the last month TRIL has a been trading in the 22.00 - 24.41 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although TRIL has an excellent technical rating, it does not present a decent entry opportunity 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
21.44
2 important support areas can be observed.
- A support zone ranging from 22.24 to 22.66. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 21.66 to 21.73. 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 | UP | POSITIVE | The long term trend for TRIL.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TRIL.CA is up. |
| ChartMill Relative Strength | 93.21 | POSITIVE | TRIL.CA has a high relative strength, it outperformed 93.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TRIL.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TRIL.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TRIL.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 75.13 | OVERBOUGHT | The high RSI value suggests TRIL.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests TRIL.CA has a positive trend. |
| Stochastics (14,3) | 50.62 | NEUTRAL | The Stochastics value for TRIL.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.45 | LOW VOLATILITY | The low ATR as a percentage value for TRIL.CA suggests low volalility. |
TSX:TRIL (11/19/2021, 7:00:00 PM)
23.33
+0.11 (+0.47%)
Trillium Therapeutics Inc / TRIL.CA FAQ
What is the ChartMill technical rating of Trillium Therapeutics Inc (TRIL.CA) stock?
ChartMill assigns a technical rating of 8 / 10 to TRIL.CA.
Can you provide the trend direction for Trillium Therapeutics Inc?
The current trend direction for Trillium Therapeutics Inc (TRIL.CA) is Bullish.
Can you provide the RSI signal for Trillium Therapeutics Inc?
Trillium Therapeutics Inc (TRIL.CA) has an RSI value of 75.1335. This indicates that the stock is currently overbought.
Can you provide the MACD signal for Trillium Therapeutics Inc?
The MACD indicator for Trillium Therapeutics Inc (TRIL.CA) has a value of 0.0717969, indicating a bearish trend.
What is the support and resistance level for TRIL stock?
Trillium Therapeutics Inc (TRIL.CA) has a support level at 22.66. Check the full technical report for our detailed analysis of TRIL.CA support and resistance levels.