TOURMALINE BIO INC (TRML) Technical Analysis
NASDAQ:TRML • US89157D1054
Current stock price
TRML Technical Rating and Analysis
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.
- Both the short term and long term trends are positive. This is a very positive sign.
- TRML is part of the Biotechnology industry. There are 517 other stocks in this industry. TRML outperforms 87% of them.
- TRML is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so TRML is leading the market.
- TRML has an average volume of 1111240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that TRML is one of the better performing stocks in the market, outperforming 96% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- In the last month TRML has a been trading in a tight range between 47.75 and 48.00.
TRML Weekly and Daily overview Charts
TRML Setup Rating and Analysis
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.
More info and screens
TRML Support and Resistance Analysis
47.36
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.
TRML 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 | 96.89 | POSITIVE | TRML has a high relative strength, it outperformed 96.89% 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. |
TRML Chart- and CandleStick Pattern Analysis
TRML Example Setup
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 trade has a worst case loss of 0.21 points, which is 0.44%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.11%. |
- 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.
TRML Technicals: Chart, Performance Metrics, Trend & Indicators
47.98
0 (0%)
TOURMALINE BIO INC / TRML TA FAQ
Can you provide the ChartMill technical rating for TOURMALINE BIO INC?
ChartMill assigns a technical rating of 8 / 10 to TRML.
Can you provide the trend direction for TOURMALINE BIO INC?
The current trend direction for TOURMALINE BIO INC (TRML) is Bullish.
What is the RSI signal for TRML stock?
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 TOURMALINE BIO INC (TRML) stock?
The MACD indicator for TOURMALINE BIO INC (TRML) has a value of -0.618589, indicating a bearish trend.
What is the support and resistance level for TRML stock?
TOURMALINE BIO INC (TRML) has a support level at 47.97 and a resistance level at 47.99. Check the full technical report for our detailed analysis of TRML support and resistance levels.