TREE ISLAND STEEL LTD (TSL.CA) Stock Technical Analysis
TSX:TSL • CA89467Q2009
Taking everything into account, TSL scores 1 out of 10 in our technical rating. TSL's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- 87% of all other stocks performed better in the past year than TSL.
- TSL is one of the lesser performing stocks in the Metals & Mining industry. 85% of 816 stocks in the same industry do better.
- In the last month TSL has a been trading in the 2.54 - 3.03 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been consolidating recently, but much resistance may still be present above.
- Warning: TSL has an average volume of 3967 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- 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.
TSL has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 2.67. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.63, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TSL in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
2.40
2 important support areas can be observed.
- A support zone ranging from 2.62 to 2.63. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 2.42 to 2.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 2.67 to 2.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.80 to 2.80. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @3.18 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for TSL.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TSL.CA is neutral. |
| ChartMill Relative Strength | 13.61 | NEGATIVE | TSL.CA has a low relative strength, it was outperformed by 86.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TSL.CA is below a declining 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 | MIXED | The current price of TSL.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.56 | 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) | 27.21 | NEUTRAL | The Stochastics value for TSL.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.62 | MEDIUM VOLATILITY | The ATR as a percentage value for TSL.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 21.29 | NEUTRAL | The ADX value for TSL.CA suggests a possible start of a new trend. |
TSX:TSL (3/2/2026, 7:00:00 PM)
2.65
-0.01 (-0.38%)
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 1 / 10 to TSL.CA.
What is the trend direction for TSL stock?
The current trend direction for TREE ISLAND STEEL LTD (TSL.CA) is Bearish.
Can you provide the RSI signal for TREE ISLAND STEEL LTD?
TREE ISLAND STEEL LTD (TSL.CA) has an RSI value of 46.5621. This indicates that the stock is currently neutral.
What is the MACD signal for TREE ISLAND STEEL LTD (TSL.CA) stock?
The MACD indicator for TREE ISLAND STEEL LTD (TSL.CA) has a value of 0.00417399, indicating a bearish trend.