TREE ISLAND STEEL LTD (TSL.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:TSL - CA89467Q2009 - Common Stock
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.
TSL has a poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately.
More info and screens
2.40
When analyzing the support we can see 2 important areas.
- Support @2.67 from a horizontal line 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 can see 4 important resistance areas.
- A resistance zone ranging from 2.78 to 2.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.96 from a horizontal line in the daily time frame.
- Resistance @3.10 from a trend line in the weekly 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 | 15.66 | NEGATIVE | TSL.CA has a low relative strength, it was outperformed by 84.34% 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) | 39.03 | NEUTRAL | The RSI value for TSL.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests TSL.CA has a negative trend. |
| Stochastics (14,3) | 17.86 | OVERSOLD | The low Stochastics value suggests TSL.CA may be oversold. |
| Average True Range in percent/ATR (20) | 3.92 | MEDIUM VOLATILITY | The ATR as a percentage value for TSL.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 26.14 | POSITIVE | The high ADX value value for TSL.CA suggests a strong trend. |
TSX:TSL (1/9/2026, 7:00:00 PM)
2.69
0 (0%)
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 39.028. 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 -0.0335206, indicating a bearish trend.