TREE ISLAND STEEL LTD (TSL.CA) Stock Technical Analysis
Canada - TSX:TSL - CA89467Q2009 - Common Stock
2.61 CAD
-0.02 (-0.76%)
Overall TSL gets a technical rating of 6 out of 10. TSL has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
When comparing the yearly performance of all stocks, TSL is a bad performer in the overall market: 71% of all stocks are doing better.
TSL is one of the lesser performing stocks in the Metals & Mining industry. 70% of 807 stocks in the same industry do better.
Warning: TSL has an average volume of 9395 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
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.
In the last month TSL has a been trading in the 2.50 - 2.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
TSL has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
2.40
2.84
2 important support areas can be observed.
- A support zone ranging from 2.53 to 2.61. 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.
We found 1 important resistance area.
- A resistance zone ranging from 2.78 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 | NEUTRAL | NEUTRAL | The long term trend for TSL.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TSL.CA is up. |
| ChartMill Relative Strength | 29.39 | NEGATIVE | TSL.CA has a low relative strength, it was outperformed by 70.61% 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) | 53.81 | NEUTRAL | The RSI value for TSL.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests TSL.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 38.89 | NEUTRAL | The Stochastics value for TSL.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.24 | MEDIUM VOLATILITY | The ATR as a percentage value for TSL.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 60.75 | 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 (9/17/2025, 7:00:00 PM)
2.61
-0.02 (-0.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.76%
1 Week0.77%
2 Weeks2.76%
1 Month4.4%
3 Month2.76%
6 Month2.35%
12 Month0.38%
2 Year-16.88%
3 Year-25.43%
5 Year19.18%
10 Year-14.71%
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%2.24%
ATR Inc30.23%
Range Today0.06
ADR(20)0.05
ADR(20)%1.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.39
Mansfield-1.36
10 Day High2.8
10 Day Low2.55
20 Day High2.8
20 Day Low2.5
52 Week High3.23
52 Week Low2.37
CS1 End2.61
CR1 Start2.78
Volume & EV
DER(3)-111.81%
DER(5)-80.82%
Volume4.39K
Volume Incr-68.73%
Vol(5)4.46K
Vol(50)9.40K