TOURMALINE BIO INC (TRML) Stock Technical Analysis
USA - NASDAQ:TRML - US89157D1054 - Common Stock
Overall TRML gets a technical rating of 8 out of 10. Both in the recent history as in the last year, TRML has proven to be a steady performer, scoring decent points in every aspect analyzed.
TRML has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 47.99. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 47.97, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TRML in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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When analyzing the support we notice one important area.
- A support zone ranging from 47.84 to 47.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 47.99 to 48.17. 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 TRML is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TRML is up. |
| ChartMill Relative Strength | 96.08 | POSITIVE | TRML has a high relative strength, it outperformed 96.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TRML is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TRML is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TRML is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 89.39 | OVERBOUGHT | The high RSI value suggests TRML may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.62 | NEGATIVE | The MACD value suggests TRML has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 85.96 | OVERBOUGHT | The high Stochastics value suggests TRML may be overbought. |
| Average True Range in percent/ATR (20) | 0.16 | LOW VOLATILITY | The low ATR as a percentage value for TRML suggests low volalility. |
| Average Directional Index/ADX (14) | 81.23 | POSITIVE | The high ADX value value for TRML suggests a strong trend. |
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 |
|---|---|---|---|
| 48.01 | 47.80 | 0.21 (0.44%) | 25.00% |
| An entry @48.01. This is a Buy Stop order right above the 10 day high. | An exit @47.80. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.21 points, which is 0.44%. | For a 0.11% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
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TOURMALINE BIO INC / TRML FAQ
Can you provide the ChartMill technical rating for TOURMALINE BIO INC?
ChartMill assigns a technical rating of 8 / 10 to TRML.
What is the current trend direction of TOURMALINE BIO INC (TRML) stock?
The current trend direction for TOURMALINE BIO INC (TRML) is Bullish.
Can you provide the RSI signal for TOURMALINE BIO INC?
TOURMALINE BIO INC (TRML) has an RSI value of 89.3851. This indicates that the stock is currently overbought.
What is the MACD signal for TRML stock?
The MACD indicator for TOURMALINE BIO INC (TRML) has a value of -0.618589, indicating a bearish trend.
What is the short term momentum for TOURMALINE BIO INC (TRML) stock?
The short term momentum for TOURMALINE BIO INC (TRML) is positive.