TREE ISLAND STEEL LTD (TSL.CA) Stock Technical Analysis
TSX:TSL - CA89467Q2009 - Common Stock
2.56 CAD
+0.01 (+0.39%)
Taking everything into account, TSL scores 4 out of 10 in our technical rating. In the past year, TSL was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
72% of all other stocks performed better in the past year than TSL.
TSL is part of the Metals & Mining industry. There are 795 other stocks in this industry, of which 68% are performing better than TSL.
TSL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Warning: TSL has an average volume of 10124 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
In the last month TSL has a been trading in a tight range between 2.50 and 2.58.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, TSL does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.57. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.55, a Stop Loss order could be placed below this zone.
More info and screens
2.40
2.84
When analyzing the support we can see 2 important areas.
- A support zone ranging from 2.51 to 2.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 2.57 to 2.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 2.80 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 | DOWN | NEGATIVE | The long term trend for TSL.CA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TSL.CA is up. |
| ChartMill Relative Strength | 28.96 | NEGATIVE | TSL.CA has a low relative strength, it was outperformed by 71.04% 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 | NEGATIVE | The current price of TSL.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.93 | NEUTRAL | The RSI value for TSL.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests TSL.CA has a positive trend. |
| Stochastics (14,3) | 62.5 | NEUTRAL | The Stochastics value for TSL.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.19 | LOW VOLATILITY | The low ATR as a percentage value for TSL.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 50.36 | POSITIVE | The high ADX value value for TSL.CA 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)
TSX:TSL (9/5/2025, 7:00:00 PM)
2.56
+0.01 (+0.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.39%
1 Week1.19%
2 Weeks2.4%
1 Month2.4%
3 Month4.49%
6 Month-11.72%
12 Month-1.92%
2 Year-18.47%
3 Year-26.86%
5 Year16.9%
10 Year-16.34%
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%1.19%
ATR Inc2.08%
Range Today0.02
ADR(20)0.03
ADR(20)%0.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.96
Mansfield-1.42
10 Day High2.58
10 Day Low2.5
20 Day High2.58
20 Day Low2.5
52 Week High3.23
52 Week Low2.37
CS1 End2.55
CR1 Start2.57
Volume & EV
DER(3)-86.78%
DER(5)-56.24%
Volume1.52K
Volume Incr162.65%
Vol(5)23.78K
Vol(50)10.12K