TREE ISLAND STEEL LTD (TSL.CA) Stock Technical Analysis
TSX:TSL - Toronto Stock Exchange - CA89467Q2009 - Common Stock - Currency: CAD
Overall TSL gets a technical rating of 1 out of 10. TSL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, TSL is a bad performer in the overall market: 84% of all stocks are doing better.
TSL is part of the Metals & Mining industry. There are 797 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 12716 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 a tight range between 2.45 and 2.56.
Considerably lower volume is observed in the last couple of days.
TSL has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 2.47, a Stop Loss order could be placed below this zone.
More info and screens
2.40
2.92
When analyzing the support we notice one important area.
- A support zone ranging from 2.42 to 2.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 2.50 to 2.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.71 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 2.79 to 2.80. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @2.89 from a trend line in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for TSL.CA is neutral. |
| ChartMill Relative Strength | 16.31 | NEGATIVE | TSL.CA has a low relative strength, it was outperformed by 83.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TSL.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TSL.CA is below a declining 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) | 46.48 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 51.52 | NEUTRAL | The Stochastics value for TSL.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.75 | LOW VOLATILITY | The low ATR as a percentage value for TSL.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 15.2 | NEGATIVE | The low ADX value for TSL.CA suggests a weak or negative 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 (7/11/2025, 7:00:00 PM)
2.48
-0.03 (-1.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-1.2%
1 Week-1.2%
2 Weeks1.22%
1 Month0.81%
3 Month-0.8%
6 Month-18.42%
12 Month-15.36%
2 Year-22.5%
3 Year-35.42%
5 Year20.98%
10 Year-27.91%
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%1.75%
ATR Inc14.75%
Range Today0.01
ADR(20)0.03
ADR(20)%1.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.31
Mansfield-1.68
10 Day High2.55
10 Day Low2.45
20 Day High2.56
20 Day Low2.45
52 Week High3.23
52 Week Low2.37
CS1 End2.47
CR1 Start2.5
Volume & EV
DER(3)0%
DER(5)0%
Volume2.20K
Volume Incr-82.17%
Vol(5)3.70K
Vol(50)12.72K