Arena Minerals Inc (AN.CA) Technical Analysis
TSX-V:AN • CA0400451062
Current stock price
AN.CA Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to AN. 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 is one of the lesser performing stocks in the Metals & Mining industry. 60% of 798 stocks in the same industry do better.
- AN has an average volume of 2452090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- When compared to the yearly performance of all other stocks, AN outperforms 67% of them, which is more or less in line with the market.
- AN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AN is lagging the market.
- In the last month AN has a been trading in the 0.55 - 0.66 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
AN.CA Weekly and Daily overview Charts
AN.CA Setup Rating and Analysis
AN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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
AN.CA Support and Resistance Analysis
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.
We found 1 important resistance 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.
AN.CA Technical Indicator Signal Analysis
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. |
AN.CA Chart- and CandleStick Pattern Analysis
AN.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX-V:AN (4/19/2023, 7:00:00 PM)
0.6
-0.01 (-1.64%)
Arena Minerals Inc / AN.CA TA 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 current trend direction of Arena Minerals Inc (AN.CA) stock?
The current trend direction for Arena Minerals Inc (AN.CA) is Bearish.
What is the RSI signal for AN stock?
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.
What are the support and resistance levels for Arena Minerals Inc (AN.CA) stock?
Arena Minerals Inc (AN.CA) has a support level at 0.58 and a resistance level at 0.64. Check the full technical report for our detailed analysis of AN.CA support and resistance levels.