ADVENTUS MINING CORP (ADZN.CA) Stock Technical Analysis
Canada - TSX-V:ADZN - CA00791E1025 - Common Stock
We assign a technical rating of 6 out of 10 to ADZN. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
ADZN has an average technical rating and it also does not offer a high 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.
More info and screens
0.23
When analyzing the support we can see 4 important areas.
- A support zone ranging from 0.43 to 0.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.40 to 0.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.36 from a trend line in the daily time frame.
- Support @0.23 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @0.49 from a horizontal line in the weekly time frame.
- Resistance @0.51 from a trend 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 | UP | POSITIVE | The long term trend for ADZN.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ADZN.CA is up. |
| ChartMill Relative Strength | 86.99 | POSITIVE | ADZN.CA has a high relative strength, it outperformed 86.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ADZN.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ADZN.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ADZN.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.38 | NEUTRAL | The RSI value for ADZN.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ADZN.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.14 | NEUTRAL | The Stochastics value for ADZN.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.64 | HIGH VOLATILITY | The high ATR as a percentage value for ADZN.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 22.79 | NEUTRAL | The ADX value for ADZN.CA suggests a possible start of a new trend. |
TSX-V:ADZN (8/6/2024, 7:00:00 PM)
0.445
-0.02 (-4.3%)
ADVENTUS MINING CORP / ADZN.CA FAQ
Can you provide the ChartMill technical rating for ADVENTUS MINING CORP?
ChartMill assigns a technical rating of 6 / 10 to ADZN.CA.
What is the trend direction for ADZN stock?
The current trend direction for ADVENTUS MINING CORP (ADZN.CA) is Bullish.
What is the RSI signal for ADVENTUS MINING CORP (ADZN.CA) stock?
ADVENTUS MINING CORP (ADZN.CA) has an RSI value of 53.3787. This indicates that the stock is currently neutral.
What is the MACD signal for ADVENTUS MINING CORP (ADZN.CA) stock?
The MACD indicator for ADVENTUS MINING CORP (ADZN.CA) has a value of 0.0125849, indicating a bearish trend.
What is the short term momentum for ADVENTUS MINING CORP (ADZN.CA) stock?
The short term momentum for ADVENTUS MINING CORP (ADZN.CA) is positive.