TREE ISLAND STEEL LTD (TSL.CA) Stock Technical Analysis
TSX:TSL - Toronto Stock Exchange - CA89467Q2009 - Common Stock - Currency: CAD
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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, TSL is a bad performer in the overall market: 83% of all stocks are doing better.
TSL is one of the lesser performing stocks in the Metals & Mining industry. 65% of 796 stocks in the same industry do better.
TSL is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so TSL is lagging the market.
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 6584 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.
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 2.55. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.45, a Stop Loss order could be placed below this zone.
More info and screens
2.40
2.97
When analyzing the support we notice one important area.
- 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.
4 important resistance areas can be observed.
- A resistance zone ranging from 2.55 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 2.69 to 2.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 2.79 to 2.82. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @2.94 from a trend 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 | 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 | 17.72 | NEGATIVE | TSL.CA has a low relative strength, it was outperformed by 82.28% 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 | NEGATIVE | The current price of TSL.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.04 | 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) | 15.14 | OVERSOLD | The low Stochastics value suggests TSL.CA may be oversold. |
| Average True Range in percent/ATR (20) | 2.46 | MEDIUM VOLATILITY | The ATR as a percentage value for TSL.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 14.54 | NEGATIVE | The low ADX value for TSL.CA suggests a weak or negative 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 (5/30/2025, 7:00:00 PM)
2.46
-0.02 (-0.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.81%
1 Week0%
2 Weeks1.23%
1 Month-10.87%
3 Month-12.14%
6 Month-20.9%
12 Month-19.61%
2 Year-26.57%
3 Year-45.33%
5 Year36.67%
10 Year7.89%
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%2.46%
ATR Inc-15.66%
Range Today0.01
ADR(20)0.06
ADR(20)%2.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.72
Mansfield-1.56
10 Day High2.54
10 Day Low2.43
20 Day High2.83
20 Day Low2.43
52 Week High3.25
52 Week Low2.43
CS1 End2.45
CR1 Start2.55
Volume & EV
DER(3)-11.83%
DER(5)-9.88%
Volume900
Volume Incr-60.22%
Vol(5)3.80K
Vol(50)6.58K