TAMARACK VALLEY ENERGY LTD (TVE.CA) Stock Technical Analysis
TSX:TVE - Toronto Stock Exchange - CA87505Y4094 - Common Stock - Currency: CAD
Taking everything into account, TVE scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TVE is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, TVE did better than 83% of all other stocks. On top of that, TVE also shows a nice and consistent pattern of rising prices.
TVE is part of the Oil, Gas & Consumable Fuels industry. There are 214 other stocks in this industry. TVE outperforms 92% of them.
TVE is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so TVE is leading the market.
In the last month TVE has a been trading in the 4.27 - 4.98 range, which is quite wide. It is currently trading near the high of this range.
TVE has an average volume of 2039160 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although TVE has an excellent technical rating, it does not present a decent entry opportunity 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
3.46
5.01
4 important support areas can be observed.
- A support zone ranging from 4.36 to 4.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.76 from a trend line in the daily time frame.
- A support zone ranging from 3.65 to 3.68. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @3.49 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 4.96 to 4.96. 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 TVE.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TVE.CA is up. |
| ChartMill Relative Strength | 83.34 | POSITIVE | TVE.CA has a high relative strength, it outperformed 83.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TVE.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TVE.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TVE.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.19 | OVERBOUGHT | The high RSI value suggests TVE.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests TVE.CA has a positive trend. |
| Stochastics (14,3) | 91.25 | OVERBOUGHT | The high Stochastics value suggests TVE.CA may be overbought. |
| Average True Range in percent/ATR (20) | 2.37 | MEDIUM VOLATILITY | The ATR as a percentage value for TVE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 39.65 | POSITIVE | The high ADX value value for TVE.CA suggests a strong 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:TVE (6/17/2025, 7:00:00 PM)
4.95
+0.07 (+1.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.43%
1 Week6.45%
2 Weeks8.55%
1 Month13.53%
3 Month14.32%
6 Month13.01%
12 Month41.83%
2 Year54.21%
3 Year14.32%
5 Year456.18%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%2.37%
ATR Inc-13.27%
Range Today0.09
ADR(20)0.1
ADR(20)%2.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.34
Mansfield1.33
10 Day High4.98
10 Day Low4.43
20 Day High4.98
20 Day Low4.27
52 Week High5.05
52 Week Low3.1
CS1 End4.39
CR1 Start4.96
Volume & EV
DER(3)0.11%
DER(5)2.29%
Volume2.72M
Volume Incr25.97%
Vol(5)2.44M
Vol(50)2.04M