TREACE MEDICAL CONCEPTS INC (TMCI)
US89455T1097 - Common Stock
We assign a technical rating of 7 out of 10 to TMCI. TMCI has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month TMCI has a been trading in the 6.69 - 8.08 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, TMCI turns out to be only a medium performer in the overall market: it outperformed 59% of all stocks.
TMCI is an average performer in the Health Care Equipment & Supplies industry, it outperforms 61% of 187 stocks in the same industry.
TMCI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TMCI is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
TMCI has an excellent technical rating, but the quality of the setup is only medium 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
4.78
8.62
When analyzing the support we can see 3 important areas.
- A support zone ranging from 7.10 to 7.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.87 to 6.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 4.83 to 4.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @8.21 from a trend line in the daily time frame.
- Resistance @8.53 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.51
Mansfield-1.63
10 Day High8.07
10 Day Low6.69
20 Day High8.08
20 Day Low6.69
52 Week High15.98
52 Week Low3.92
Performance
1 Week11.6%
2 Weeks12.9%
1 Month0.52%
3 Month48.1%
6 Month-4.06%
12 Month-38.61%
2 Year-66.26%
3 Year-57.06%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.05
RSI(14)57.88
LBB6.51
UBB8.02
TREACE MEDICAL CONCEPTS INC
NASDAQ:TMCI (1/6/2025, 4:30:01 PM)
After market: 7.79 0 (0%)7.79
-0.11 (-1.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-1.39%
1 Week11.6%
2 Weeks12.9%
1 Month0.52%
3 Month48.1%
6 Month-4.06%
12 Month-38.61%
2 Year-66.26%
3 Year-57.06%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.37
ATR(20)%4.5%
ATR Inc-17.11%
Range Today0.3
ADR(20)0.34
ADR(20)%4.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.51
Mansfield-1.63
10 Day High8.07
10 Day Low6.69
20 Day High8.08
20 Day Low6.69
52 Week High15.98
52 Week Low3.92
CS1 End7.19
CR1 Start8.23
Volume & EV
DER(3)1.67%
DER(5)1.29%
Volume283.52K
Volume Incr17.53%
Vol(5)296.85K
Vol(50)520.25K