Torstar Corp Cl B NV (TS-B.CA) Stock Technical Analysis
TSX:TS-B - Toronto Stock Exchange -
Overall TS-B gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, TS-B is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
TS-B 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.
When comparing the yearly performance of all stocks, we notice that TS-B is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this relatively good performance is mostly due to a recent big move.
TS-B is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TS-B is lagging the market.
Besides having an excellent technical rating, TS-B also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 0.74, a Stop Loss order could be placed below this zone.
More info and screens
0.40
0.78
When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.73 to 0.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.40 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 0.74 to 0.77. 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 TS-B.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TS-B.CA is up. |
| ChartMill Relative Strength | 75.2 | POSITIVE | TS-B.CA has a high relative strength, it outperformed 75.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TS-B.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TS-B.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of TS-B.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 67.51 | NEUTRAL | The RSI value for TS-B.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests TS-B.CA has a negative trend. |
| Stochastics (14,3) | 33.33 | NEUTRAL | The Stochastics value for TS-B.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.5 | MEDIUM VOLATILITY | The ATR as a percentage value for TS-B.CA suggests some volalility. |
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)
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 |
|---|---|---|---|
| 0.75 | 0.72 | 0.03 (4.38%) | 22.82% |
| An entry @0.75. This is a Buy Stop order right above the 10 day moving average. | An exit @0.72. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.03 points, which is 4.38%. | When investing 22.82% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
TSX:TS-B (8/6/2020, 12:35:41 PM)
0.74
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week0%
2 Weeks0%
1 Month19.35%
3 Month89.74%
6 Month48%
12 Month-10.84%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.01
ATR(20)%2.5%
ATR Inc-17.65%
Range Today0.01
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.2
Mansfield1.82
10 Day High0.76
10 Day Low0.73
20 Day High0.76
20 Day Low0.68
52 Week High0.98
52 Week Low0.25
CS1 End0.74
CR1 Start0.74
Volume & EV
DER(3)0.9%
DER(5)-9.01%
Volume19.11K
Volume Incr-83.82%
Vol(5)17.19K
Vol(50)286.80K