TSL Technical Analysis - TESSELLIS SPA

Technical Rating and Analysis

Overall TSL gets a technical rating of 1 out of 10. 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.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, TSL is a bad performer in the overall market: 96% of all stocks are doing better.

TSL is one of the lesser performing stocks in the Diversified Telecommunication Services industry. 82% of 30 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. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month TSL has a been trading in the 0.10 - 0.13 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

TSL has an average volume of 7783300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Considerably lower volume is observed in the last couple of days.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

Setup Rating and Analysis

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

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

0.10

0.13

3 important resistance areas can be observed.

A resistance zone ranging from 0.11 to 0.11. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 0.12 to 0.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @0.13 from a trend line in the weekly time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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.MI is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for TSL.MI is down.
ChartMill Relative Strength	4.58	NEGATIVE	TSL.MI has a low relative strength, it was outperformed by 95.42% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of TSL.MI is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of TSL.MI is below the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of TSL.MI is below a declining SMA(200).
Relative Strength Index/RSI (14)	34.15	NEUTRAL	The RSI value for TSL.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests TSL.MI has a negative trend.
Stochastics (14,3)	8.14	OVERSOLD	The low Stochastics value suggests TSL.MI may be oversold.
Average True Range in percent/ATR (20)	4.95	MEDIUM VOLATILITY	The ATR as a percentage value for TSL.MI suggests some volalility.
Average Directional Index/ADX (14)	23.6	NEUTRAL	The ADX value for TSL.MI suggests a possible start of a new trend.