Arena Minerals Inc (AN.CA) Stock Technical Analysis
Canada - TSX-V:AN - CA0400451062 - Common Stock
Overall AN gets a technical rating of 1 out of 10. AN has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
AN has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 0.64. Right above this resistance zone may be a good entry point.
More info and screens
0.46
3 important support areas can be observed.
- Support @0.58 from a trend line in the daily time frame.
- A support zone ranging from 0.56 to 0.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.46 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.64 to 0.65. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for AN.CA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AN.CA is down. |
| ChartMill Relative Strength | 67.47 | NEUTRAL | AN.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AN.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AN.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AN.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.1 | NEUTRAL | The RSI value for AN.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests AN.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 57.88 | NEUTRAL | The Stochastics value for AN.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.17 | MEDIUM VOLATILITY | The ATR as a percentage value for AN.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 15.56 | NEGATIVE | The low ADX value for AN.CA suggests a weak or negative trend. |
TSX-V:AN (4/19/2023, 7:00:00 PM)
0.6
-0.01 (-1.64%)
Arena Minerals Inc / AN.CA FAQ
Can you provide the ChartMill technical rating for Arena Minerals Inc?
ChartMill assigns a technical rating of 1 / 10 to AN.CA.
What is the trend direction for AN stock?
The current trend direction for Arena Minerals Inc (AN.CA) is Bearish.
Can you provide the RSI signal for Arena Minerals Inc?
Arena Minerals Inc (AN.CA) has an RSI value of 45.0973. This indicates that the stock is currently neutral.
What is the MACD signal for Arena Minerals Inc (AN.CA) stock?
The MACD indicator for Arena Minerals Inc (AN.CA) has a value of 0.00245182, indicating a bearish trend.
Can you provide the short term momentum for Arena Minerals Inc?
The short term momentum for Arena Minerals Inc (AN.CA) is negative.