TAMARACK VALLEY ENERGY LTD (TVE.CA) Stock Technical Analysis
TSX:TVE - CA87505Y4094 - Common Stock
5.39 CAD
-0.03 (-0.55%)
Taking everything into account, TVE scores 9 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.
When comparing the yearly performance of all stocks, we notice that TVE is one of the better performing stocks in the market, outperforming 78% of all stocks. On top of that, TVE also shows a nice and consistent pattern of rising prices.
TVE is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 82% of 215 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 5.19 - 5.54 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
TVE has an average volume of 1770320 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
TVE has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 5.47. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 5.38, a Stop Loss order could be placed below this zone.
More info and screens
3.46
5.56
When analyzing the support we can see 5 important areas.
- A support zone ranging from 5.36 to 5.38. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 5.09 to 5.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.77 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.
We found 1 important resistance area.
- A resistance zone ranging from 5.47 to 5.50. 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 | 78.21 | POSITIVE | TVE.CA has a high relative strength, it outperformed 78.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TVE.CA is above 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) | 55.96 | NEUTRAL | The RSI value for TVE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests TVE.CA has a negative trend. |
| Stochastics (14,3) | 64.71 | NEUTRAL | The Stochastics value for TVE.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.2 | MEDIUM VOLATILITY | The ATR as a percentage value for TVE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 30.13 | 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 |
|---|---|---|---|
| 5.51 | 5.35 | 0.16 (2.90%) | 25.00% |
| An entry @5.51. This is a Buy Stop order right above the resistance zone. | An exit @5.35. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.16 points, which is 2.90%. | For a 0.73% 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 (8/29/2025, 7:00:00 PM)
5.39
-0.03 (-0.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.55%
1 Week-1.82%
2 Weeks1.13%
1 Month-0.92%
3 Month23.34%
6 Month26.23%
12 Month36.11%
2 Year47.67%
3 Year28.64%
5 Year473.4%
10 Year101.87%
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%2.2%
ATR Inc-45.31%
Range Today0.05
ADR(20)0.12
ADR(20)%2.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.21
Mansfield1.08
10 Day High5.53
10 Day Low5.19
20 Day High5.55
20 Day Low5.19
52 Week High5.55
52 Week Low3.1
CS1 End5.38
CR1 Start5.47
Volume & EV
DER(3)-0.52%
DER(5)2.12%
Volume910.84K
Volume Incr-14.15%
Vol(5)1.36M
Vol(50)1.77M