TRML Technical Analysis - TOURMALINE BIO INC

Technical Rating and Analysis

Overall TRML gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TRML is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!

TRML is one of the better performing stocks in the Biotechnology industry, it outperforms 93% of 536 stocks in the same industry.

TRML is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

TRML is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.

Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.

Looking at the yearly performance, TRML did better than 97% of all other stocks. However, this relatively good performance is mostly due to a recent big move.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

TOURMALINE BIO INC / TRML Weekly stock chart

TOURMALINE BIO INC / TRML Daily stock chart

Setup Rating and Analysis

Although TRML has an excellent technical rating, the quality of the presented setup is not ideal 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

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

27.50

48.65

When analyzing the support we can see 2 important areas.

A support zone ranging from 47.71 to 47.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @27.78 from a trend line in the daily time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 47.91 to 48.17. This zone is formed by a combination of multiple trend lines in multiple time frames.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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.

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	97.26	POSITIVE	TRML has a high relative strength, it outperformed 97.26% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of TRML is above the rising 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)	91.18	OVERBOUGHT	The high RSI value suggests TRML may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.8	NEGATIVE	The MACD value suggests TRML has a negative trend.
Stochastics (14,3)	39.17	NEUTRAL	The Stochastics value for TRML is a neutral value.
Average True Range in percent/ATR (20)	2.65	MEDIUM VOLATILITY	The ATR as a percentage value for TRML suggests some volalility.
Average Directional Index/ADX (14)	73.88	POSITIVE	The high ADX value value for TRML suggests a strong trend.