TAMARACK VALLEY ENERGY LTD (TVE.CA) Stock Technical Analysis
Canada - TSX:TVE - CA87505Y4094 - Common Stock
Overall TVE gets a technical rating of 6 out of 10. In the last year, TVE was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
Although the technical rating is only medium, TVE does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 6.00, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
3.46
When analyzing the support we can see 5 important areas.
- A support zone ranging from 5.85 to 6.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.69 from a trend line in the daily time frame.
- Support @3.87 from a trend line in the weekly time frame.
- Support @3.65 from a horizontal line 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 6.17 to 6.40. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for TVE.CA is neutral. |
| ChartMill Relative Strength | 74.66 | POSITIVE | TVE.CA has a high relative strength, it outperformed 74.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TVE.CA is below a declining 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) | 49.66 | NEUTRAL | The RSI value for TVE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests TVE.CA has a negative trend. |
| Stochastics (14,3) | 51.92 | NEUTRAL | The Stochastics value for TVE.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.59 | MEDIUM VOLATILITY | The ATR as a percentage value for TVE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 31.42 | POSITIVE | The high ADX value value for TVE.CA suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 6.27 | 6.05 | 0.22 (3.54%) | 25.00% |
| An entry @6.27. This is a Buy Stop order right above the 10 day moving average. | An exit @6.05. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.22 points, which is 3.54%. | For a 0.88% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of TVE. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:TVE (11/4/2025, 7:00:00 PM)
6.11
-0.15 (-2.4%)
TAMARACK VALLEY ENERGY LTD / TVE.CA FAQ
Can you provide the ChartMill technical rating for TAMARACK VALLEY ENERGY LTD?
ChartMill assigns a technical rating of 6 / 10 to TVE.CA.
What is the trend direction for TVE stock?
The current trend direction for TAMARACK VALLEY ENERGY LTD (TVE.CA) is Bullish.
What is the RSI signal for TAMARACK VALLEY ENERGY LTD (TVE.CA) stock?
TAMARACK VALLEY ENERGY LTD (TVE.CA) has an RSI value of 49.6587. This indicates that the stock is currently neutral.
What is the MACD signal for TAMARACK VALLEY ENERGY LTD (TVE.CA) stock?
The MACD indicator for TAMARACK VALLEY ENERGY LTD (TVE.CA) has a value of -0.0217766, indicating a bearish trend.
Can you provide the support and resistance levels for TAMARACK VALLEY ENERGY LTD?
TAMARACK VALLEY ENERGY LTD (TVE.CA) has a support level at 6 and a resistance level at 6.17. Check the full technical report for our detailed analysis of TVE.CA support and resistance levels.