HAMILTON GOLD PRODUCER YLD (AMAX.CA) Stock Technical Analysis
TSX:AMAX - Toronto Stock Exchange - CA4069181028 - ETF - Currency: CAD
Taking everything into account, AMAX scores 5 out of 10 in our technical rating. AMAX has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
AMAX has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 25.53. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 25.05, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for AMAX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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19.37
When analyzing the support we can see 4 important areas.
- A support zone ranging from 24.14 to 25.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @23.62 from a trend line in the daily time frame.
- Support @23.00 from a horizontal line in the weekly time frame.
- Support @19.57 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 25.53 to 25.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 AMAX.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AMAX.CA is neutral. |
| ChartMill Relative Strength | 56.36 | NEUTRAL | AMAX.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of AMAX.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AMAX.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AMAX.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.41 | NEUTRAL | The RSI value for AMAX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests AMAX.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 50.49 | NEUTRAL | The Stochastics value for AMAX.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.01 | MEDIUM VOLATILITY | The ATR as a percentage value for AMAX.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 13.79 | NEGATIVE | The low ADX value for AMAX.CA suggests a weak or negative trend. |
TSX:AMAX (7/14/2025, 7:00:00 PM)
25.07
+0.05 (+0.2%)