TAMARACK VALLEY ENERGY LTD (TVE.CA) Stock Technical Analysis
TSX:TVE - Toronto Stock Exchange - CA87505Y4094 - Common Stock - Currency: CAD
We assign a technical rating of 9 out of 10 to TVE. 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.
The long and short term trends are both positive. This is looking good!
TVE is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 92% of 214 stocks in the same industry.
TVE is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month TVE has a been trading in the 4.68 - 5.12 range, which is quite wide. It is currently trading near the high of this range.
TVE has an average volume of 2051990 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that TVE is one of the better performing stocks in the market, outperforming 83% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
TVE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 4.98, a Stop Loss order could be placed below this zone.
More info and screens
3.46
5.14
4 important support areas can be observed.
- A support zone ranging from 4.87 to 4.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.74 from a horizontal line in the daily time frame.
- A support zone ranging from 3.65 to 3.70. 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 5.09 to 5.09. 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 | 83.31 | POSITIVE | TVE.CA has a high relative strength, it outperformed 83.31% 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) | 67.72 | NEUTRAL | The RSI value for TVE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests TVE.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 90.08 | OVERBOUGHT | The high Stochastics value suggests TVE.CA may be overbought. |
| Average True Range in percent/ATR (20) | 2.45 | MEDIUM VOLATILITY | The ATR as a percentage value for TVE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 36.14 | 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)
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 |
|---|---|---|---|
| 5.10 | 4.86 | 0.24 (4.71%) | 21.25% |
| An entry @5.10. This is a Buy Stop order right above the resistance zone. | An exit @4.86. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.24 points, which is 4.71%. | When investing 21.25% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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 (7/11/2025, 7:00:00 PM)
5.08
+0.01 (+0.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.2%
1 Week4.1%
2 Weeks3.89%
1 Month8.09%
3 Month41.9%
6 Month3.25%
12 Month30.59%
2 Year40.72%
3 Year14.16%
5 Year519.51%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%2.45%
ATR Inc-41.33%
Range Today0.05
ADR(20)0.12
ADR(20)%2.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.31
Mansfield1.04
10 Day High5.1
10 Day Low4.76
20 Day High5.12
20 Day Low4.68
52 Week High5.12
52 Week Low3.1
CS1 End4.98
CR1 Start5.09
Volume & EV
DER(3)0.08%
DER(5)2.9%
Volume1.51M
Volume Incr-36.18%
Vol(5)1.52M
Vol(50)2.05M