TREE ISLAND STEEL LTD (TSL.CA) Technical Analysis
TSX:TSL • CA89467Q2009
Current stock price
TSL.CA Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to TSL. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 82% 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. 77% of 803 stocks in the same industry do better.
- TSL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- 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 3001 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Considerably lower volume is observed 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 2.56. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.48, 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
We found 2 important support areas.
- Support @2.48 from a horizontal line 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 4 important areas.
- A resistance 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 resistance zone ranging from 2.67 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 | 18.13 | NEGATIVE | TSL.CA has a low relative strength, it was outperformed by 81.87% 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) | 45.74 | NEUTRAL | The RSI value for TSL.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests TSL.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.09 | OVERSOLD | The low Stochastics value suggests TSL.CA may be oversold. |
| Average True Range in percent/ATR (20) | 2.39 | MEDIUM VOLATILITY | The ATR as a percentage value for TSL.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 15.27 | 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 (4/28/2026, 7:00:00 PM)
2.5
0 (0%)
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.
What is the RSI signal for TSL stock?
TREE ISLAND STEEL LTD (TSL.CA) has an RSI value of 45.7399. This indicates that the stock is currently neutral.
What is the short term momentum for TSL stock?
The short term momentum for TREE ISLAND STEEL LTD (TSL.CA) is negative.
Can you provide the support and resistance levels for TREE ISLAND STEEL LTD?
TREE ISLAND STEEL LTD (TSL.CA) has a support level at 2.48 and a resistance level at 2.56. Check the full technical report for our detailed analysis of TSL.CA support and resistance levels.