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TREE ISLAND STEEL LTD (TSL.CA) Stock Technical Analysis

TSX:TSL - Toronto Stock Exchange - CA89467Q2009 - Common Stock - Currency: CAD

2.95  +0.03 (+1.03%)

Technical Rating and Analysis

1

Overall TSL gets a technical rating of 1 out of 10. In the last year, TSL was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.

76% of all other stocks performed better in the past year than TSL.
TSL is part of the Metals & Mining industry. There are 820 other stocks in this industry, of which 60% are performing better than TSL.
Warning: TSL has an average volume of 15370 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month TSL has a been trading in the 2.75 - 3.06 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
TSL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TSL is lagging the market.
Weekly and Daily overview Charts
TREE ISLAND STEEL LTD / TSL Weekly stock chart
TREE ISLAND STEEL LTD / TSL Daily stock chart
Setup Rating and Analysis

7

Although the technical rating is bad, TSL does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 2.95. Right above this resistance zone may be a good entry point.

Support and Resistance Analysis

2.56

3.25

5 important support areas can be observed.

  • A support zone ranging from 2.90 to 2.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @2.85 from a trend line in the daily time frame.
  • Support @2.80 from a horizontal line in the daily time frame.
  • Support @2.68 from a trend line in the daily time frame.
  • Support @2.59 from a horizontal line in the daily time frame.

We can see 3 important resistance areas.

  • A resistance zone ranging from 2.95 to 3.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @3.09 from a trend line in the weekly time frame.
  • A resistance zone ranging from 3.19 to 3.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.2
Mansfield-1.09
10 Day High3.02
10 Day Low2.81
20 Day High3.06
20 Day Low2.75
52 Week High3.7
52 Week Low2.48
Performance
1 Week-1.67%
2 Weeks-0.67%
1 Month-0.34%
3 Month2.08%
6 Month6.88%
12 Month-13.99%
2 Year-15.95%
3 Year-40.88%
5 Year54.45%
10 Year56.91%
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0
RSI(14)49.65
LBB2.85
UBB3.03
TREE ISLAND STEEL LTD / TSL Daily stock chart

TREE ISLAND STEEL LTD

TSX:TSL (2/18/2025, 7:00:00 PM)

2.95

+0.03 (+1.03%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.03%
1 Week-1.67%
2 Weeks-0.67%
1 Month-0.34%
3 Month2.08%
6 Month6.88%
12 Month-13.99%
2 Year-15.95%
3 Year-40.88%
5 Year54.45%
10 Year56.91%
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%2.81%
ATR Inc-42.2%
Range Today0.05
ADR(20)0.08
ADR(20)%2.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.2
Mansfield-1.09
10 Day High3.02
10 Day Low2.81
20 Day High3.06
20 Day Low2.75
52 Week High3.7
52 Week Low2.48
CS1 End2.93
CR1 Start2.95
Volume & EV
DER(3)-6.31%
DER(5)-9.98%
Volume32.85K
Volume Incr-23.33%
Vol(5)13.11K
Vol(50)15.37K