Taking everything into account, TC scores 2 out of 10 in our technical rating. TC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of TC 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.
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10.49
2 important support areas can be observed.
- Support @11.20 from a horizontal line in the weekly time frame.
- Support @10.60 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 17.25 to 17.45. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @17.95 from a trend line in the weekly time frame.
- Resistance @18.50 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for TC is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TC is down. |
| ChartMill Relative Strength | 18.77 | NEGATIVE | TC has a low relative strength, it was outperformed by 81.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of TC is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 31.67 | NEUTRAL | The RSI value for TC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.28 | NEGATIVE | The MACD value suggests TC has a negative trend. |
| Stochastics (14,3) | 35.6 | NEUTRAL | The Stochastics value for TC is a neutral value. |
| Average True Range in percent/ATR (20) | 8.92 | HIGH VOLATILITY | The high ATR as a percentage value for TC suggests high volalility. |
| Average Directional Index/ADX (14) | 18.28 | NEGATIVE | The low ADX value for TC suggests a weak or negative trend. |
14.8
-1.49 (-9.16%)
TOKEN CAT LTD / TC FAQ
What is the ChartMill technical rating of TOKEN CAT LTD (TC) stock?
ChartMill assigns a technical rating of 2 / 10 to TC.
What is the trend direction for TC stock?
The current trend direction for TOKEN CAT LTD (TC) is Bearish.
Can you provide the RSI signal for TOKEN CAT LTD?
TOKEN CAT LTD (TC) has an RSI value of 31.6717. This indicates that the stock is currently neutral.
Can you provide the MACD signal for TOKEN CAT LTD?
The MACD indicator for TOKEN CAT LTD (TC) has a value of -0.279333, indicating a bearish trend.
What are the support and resistance levels for TOKEN CAT LTD (TC) stock?
TOKEN CAT LTD (TC) has a support level at 11.2 and a resistance level at 17.25. Check the full technical report for our detailed analysis of TC support and resistance levels.