TREE ISLAND STEEL LTD (TSL.CA) Stock Technical Analysis
Canada • Toronto Stock Exchange • 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.
- 84% 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. 82% of 814 stocks in the same industry do better.
- TSL is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- Warning: TSL has an average volume of 3647 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.
- Considerably lower volume is observed in the last couple of days.
The technical rating of TSL is bad and it also does not present a quality setup 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
When analyzing the support we can see 2 important areas.
- A support zone ranging from 2.65 to 2.67. 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 2.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 2.71 to 2.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.08 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 | 16.48 | NEGATIVE | TSL.CA has a low relative strength, it was outperformed by 83.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TSL.CA is above 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 | POSITIVE | The current price of TSL.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.08 | 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. |
| Stochastics (14,3) | 65.04 | NEUTRAL | The Stochastics value for TSL.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.19 | MEDIUM VOLATILITY | The ATR as a percentage value for TSL.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 29.59 | POSITIVE | The high ADX value value for TSL.CA suggests a strong trend. |
TSX:TSL (2/4/2026, 7:00:00 PM)
2.7
+0.05 (+1.89%)
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 49.0843. 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 0.00807292, indicating a bearish trend.