TREE ISLAND STEEL LTD (TSL.CA) Technical Analysis
TSX:TSL • CA89467Q2009
Current stock price
TSL.CA Technical Rating and Analysis
Taking everything into account, TSL scores 0 out of 10 in our technical rating. 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, TSL is a bad performer in the overall market: 81% of all stocks are doing better.
- TSL is part of the Metals & Mining industry. There are 795 other stocks in this industry, of which 78% are performing better than TSL.
- TSL is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TSL is lagging the market.
- Warning: TSL has an average volume of 3520 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 2.45 - 2.70 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
TSL.CA Weekly and Daily overview Charts
TSL.CA Setup Rating and Analysis
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 2.58. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.44, 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
TSL.CA Support and Resistance Analysis
2.40
When analyzing the support we notice one important area.
- 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 4 important areas.
- A resistance zone ranging from 2.58 to 2.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.70 to 2.71. This zone is formed by a combination of multiple trend lines 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.
TSL.CA Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for TSL.CA is down. |
| ChartMill Relative Strength | 19.31 | NEGATIVE | TSL.CA has a low relative strength, it was outperformed by 80.69% 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) | UP | MIXED | The current price of TSL.CA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.28 | NEUTRAL | The RSI value for TSL.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests TSL.CA has a negative trend. |
| Stochastics (14,3) | 38.67 | NEUTRAL | The Stochastics value for TSL.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.33 | MEDIUM VOLATILITY | The ATR as a percentage value for TSL.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 16.33 | NEGATIVE | The low ADX value for TSL.CA suggests a weak or negative trend. |
TSL.CA Chart- and CandleStick Pattern Analysis
TSL.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:TSL (3/30/2026, 7:00:00 PM)
2.54
-0.01 (-0.39%)
TREE ISLAND STEEL LTD / TSL.CA TA FAQ
Can you provide the ChartMill technical rating for TREE ISLAND STEEL LTD?
ChartMill assigns a technical rating of 0 / 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 40.2774. 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 -0.0060769, indicating a bearish trend.
What is the buy/sell signal for TREE ISLAND STEEL LTD (TSL.CA) stock?
The buy/sell signal for TREE ISLAND STEEL LTD (TSL.CA) is sell as both the short term and long term trends are negative.