Technical Analysis for TBL - Taiga Building Products Ltd.

Grade Last Price % Change Price Change
A 3.410 -0.87% -0.030
TBL closed down 0.87 percent on Friday, May 10, 2024, on 41 percent of normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 0.00%
Lizard Bearish Bearish Day Trade Setup 0.00%
Narrow Range Bar Range Contraction 0.00%
Three Weeks Tight Range Contraction 0.00%
Doji - Bearish? Reversal 0.00%
Overbought Stochastic Strength 0.00%
Gapped Down Weakness 0.00%
New 52 Week Closing High Bullish -0.87%
180 Bullish Setup Bullish Swing Setup -0.87%
Narrow Range Bar Range Contraction -0.87%

   Recent Intraday Alerts

Alert Time
New 52 Week High 1 day ago
New 52 Week High 3 days ago
New 52 Week High 4 days ago
Up 1% 4 days ago
1.5x Volume Pace 4 days ago

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Profile

Taiga Building Products Ltd. Description

Taiga Building Products Ltd (Taiga) is a Canada-based independent wholesale distributor of building products. The Company operates through two segments: Canada and the United States. The Company distributes its products, which include dimension lumber; panel products, including plywood, particle board and oriented strand board, and allied and treated products, such as roofing materials, moldings, composite decking, polyethylene sheeting, batt and foam insulation, flooring, engineered wood and treated wood. It markets treated wood under the brand name Taiga Select. Taiga maintains inventories of building products at approximately 15 distribution centers throughout Canada and over two distribution centers in California. In addition, the Company distributes through the use of third party reload centers. The Company also owns and operates over three wood preservation plants that produce pressure-treated wood products.


Classification

Sector: Consumer Cyclical
Industry: Home Improvement Stores
Keywords: Materials Construction Wood Architecture Building Materials Wood Products Lumber Deck Allied Composite Materials Molding Engineered Wood Building Insulation Materials Building Products Dimension Lumber Flooring Plywood Polyethylene Pressure Treated Wood Products Structural System Wood Preservation

Is TBL a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 3.44
52 Week Low 2.355
Average Volume 10,865
200-Day Moving Average 2.896
50-Day Moving Average 3.253
20-Day Moving Average 3.366
10-Day Moving Average 3.392
Average True Range 0.063
RSI (14) 57.08
ADX 20.52
+DI 18.445
-DI 24.886
Chandelier Exit (Long, 3 ATRs) 3.253
Chandelier Exit (Short, 3 ATRs) 3.378
Upper Bollinger Bands 3.475
Lower Bollinger Band 3.257
Percent B (%b) 0.7
BandWidth 6.483
MACD Line 0.050
MACD Signal Line 0.052
MACD Histogram -0.0014
Fundamentals Value
Market Cap 370.13 Million
Num Shares 109 Million
EPS 0.53
Price-to-Earnings (P/E) Ratio 6.45
Price-to-Sales 0.12
Price-to-Book 0.90
PEG Ratio 0.00
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 3.455
Resistance 3 (R3) 3.460 3.450 3.448
Resistance 2 (R2) 3.450 3.439 3.448 3.445
Resistance 1 (R1) 3.430 3.431 3.425 3.425 3.442
Pivot Point 3.420 3.420 3.418 3.418 3.420
Support 1 (S1) 3.400 3.409 3.395 3.395 3.378
Support 2 (S2) 3.390 3.401 3.388 3.375
Support 3 (S3) 3.370 3.390 3.373
Support 4 (S4) 3.365