TOURMALINE BIO INC (TRML) Stock Technical Analysis
USA - NASDAQ:TRML - US89157D1054 - Common Stock
47.61 USD
+0.01 (+0.02%)
47.61 USD
0 (0%)
We assign a technical rating of 9 out of 10 to TRML. 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 541 other stocks in this industry. TRML outperforms 95% of them.
TRML is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month TRML has a been trading in the 21.30 - 47.70 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When comparing the yearly performance of all stocks, we notice that TRML is one of the better performing stocks in the market, outperforming 97% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although TRML has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
24.69
48.09
When analyzing the support we notice one important area.
- A support zone ranging from 24.94 to 25.07. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 97.68 | POSITIVE | TRML has a high relative strength, it outperformed 97.68% 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) | 94.42 | OVERBOUGHT | The high RSI value suggests TRML may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.71 | POSITIVE | The MACD value suggests TRML has a positive trend. |
| Stochastics (14,3) | 99.65 | OVERBOUGHT | The high Stochastics value suggests TRML may be overbought. |
| Average True Range in percent/ATR (20) | 4.49 | MEDIUM VOLATILITY | The ATR as a percentage value for TRML suggests some volalility. |
| Average Directional Index/ADX (14) | 47.56 | POSITIVE | The high ADX value value for TRML suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
47.61
+0.01 (+0.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.02%
1 Week78.05%
2 Weeks106.73%
1 Month112.64%
3 Month141.92%
6 Month153.25%
12 Month147.07%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.61
ATR(20)%4.49%
ATR Inc-96.88%
Range Today0.11
ADR(20)1.14
ADR(20)%2.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.68
Mansfield11.24
10 Day High47.7
10 Day Low22.31
20 Day High47.7
20 Day Low21.3
52 Week High47.7
52 Week Low11.56
CS1 End25.07
CR1 StartN/A
Volume & EV
DER(3)2.9%
DER(5)2.32%
Volume988.51K
Volume Incr3237.7%
Vol(5)5.79M
Vol(50)742.24K