TREE ISLAND STEEL LTD (TSL.CA) Stock Technical Analysis
Canada - TSX:TSL - CA89467Q2009 - Common Stock
Overall TSL gets a technical rating of 7 out of 10. Although TSL is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
TSL has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.78. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.75, a Stop Loss order could be placed below this zone.
More info and screens
2.40
When analyzing the support we can see 2 important areas.
- A support zone ranging from 2.72 to 2.75. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 2.42 to 2.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 2.78 to 2.81. This zone is formed by a combination of multiple trend lines 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 TSL.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TSL.CA is up. |
| ChartMill Relative Strength | 28.6 | NEGATIVE | TSL.CA has a low relative strength, it was outperformed by 71.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TSL.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TSL.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of TSL.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.82 | NEUTRAL | The RSI value for TSL.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests TSL.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 58.97 | NEUTRAL | The Stochastics value for TSL.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.34 | LOW VOLATILITY | The low ATR as a percentage value for TSL.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 43.54 | POSITIVE | The high ADX value value for TSL.CA suggests a strong trend. |
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 |
|---|---|---|---|
| 2.82 | 2.71 | 0.11 (3.90%) | 25.00% |
| An entry @2.82. This is a Buy Stop order right above the resistance zone. | An exit @2.71. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.11 points, which is 3.90%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.98%. |
- 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:TSL (11/7/2025, 7:00:00 PM)
2.76
+0.01 (+0.36%)
TREE ISLAND STEEL LTD / TSL.CA FAQ
Can you provide the ChartMill technical rating for TREE ISLAND STEEL LTD?
ChartMill assigns a technical rating of 7 / 10 to TSL.CA.
What is the current trend direction of TREE ISLAND STEEL LTD (TSL.CA) stock?
The current trend direction for TREE ISLAND STEEL LTD (TSL.CA) is Bullish.
Can you provide the RSI signal for TREE ISLAND STEEL LTD?
TREE ISLAND STEEL LTD (TSL.CA) has an RSI value of 56.8175. This indicates that the stock is currently neutral.
Can you provide the MACD signal for TREE ISLAND STEEL LTD?
The MACD indicator for TREE ISLAND STEEL LTD (TSL.CA) has a value of -0.00225464, indicating a bearish trend.
What is the short term momentum for TSL stock?
The short term momentum for TREE ISLAND STEEL LTD (TSL.CA) is positive.