Stock Trend Analysis Report
Prepared for you on Friday, June 2, 2023.
TuanChe Limited - American Depositary Shares (NASDAQ:TC)
Countertrend Down (-85) - TC is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid TC?
MarketClub looks at technical strength and momentum to determine if the timing is right for TC.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TC
The long-term trend has been DOWN since May 11th, 2023 at 0.520
The intermediate-term trend has been DOWN since May 11th, 2023 at 0.541
The short-term trend has been UP since Jun 2nd, 2023 at 0.530
Smart Scan Analysis for TC
Based on our trend formula, TC is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Year High||7.9265||Year High Date||2018-11-20|
|Year Low||6.444||Year Low Date||2018-11-28|
|52wk High||10.74||52wk High Date||2022-11-11|
|52wk Low||0.4505||52wk Low Date||2023-05-31|
|Average Volume||78,061||Shares Outstanding||750|