TREE ISLAND STEEL LTD (TSL.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:TSL - CA89467Q2009 - Common Stock
Overall TSL gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, TSL is a bad performer.
Although TSL has an excellent technical rating, the quality of the presented setup is 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
We found 2 important support areas.
- A support zone ranging from 2.67 to 2.77. 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 2.85 to 2.86. 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 | UP | POSITIVE | The long term trend for TSL.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TSL.CA is up. |
| ChartMill Relative Strength | 27.02 | NEGATIVE | TSL.CA has a low relative strength, it was outperformed by 72.98% 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 | MIXED | The current price of TSL.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.28 | 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) | 91.13 | OVERBOUGHT | The high Stochastics value suggests TSL.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.99 | LOW VOLATILITY | The low ATR as a percentage value for TSL.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 23.09 | NEUTRAL | The ADX value for TSL.CA suggests a possible start of a new trend. |
TSX:TSL (12/10/2025, 7:00:00 PM)
2.84
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 7 / 10 to TSL.CA.
What is the current trend direction of TREE ISLAND STEEL LTD (TSL.CA) stock?
The current trend direction for TREE ISLAND STEEL LTD (TSL.CA) is Bullish.
Can you provide the RSI signal for TREE ISLAND STEEL LTD?
TREE ISLAND STEEL LTD (TSL.CA) has an RSI value of 64.2771. This indicates that the stock is currently neutral.
Can you provide the MACD signal for TREE ISLAND STEEL LTD?
The MACD indicator for TREE ISLAND STEEL LTD (TSL.CA) has a value of 0.00671242, indicating a bearish trend.
What is the short term momentum for TSL stock?
The short term momentum for TREE ISLAND STEEL LTD (TSL.CA) is positive.