ALIANZA MINERALS LTD (ANZ.CA) Stock Technical Analysis
TSX-V:ANZ - TSX Venture Exchange - CA0160951012 - Common Stock - Currency: CAD
We assign a technical rating of 6 out of 10 to ANZ. ANZ 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.
In the last month ANZ has a been trading in the 0.15 - 0.28 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
When comparing the yearly performance of all stocks, we notice that ANZ is one of the better performing stocks in the market, outperforming 71% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
ANZ is an average performer in the Metals & Mining industry, it outperforms 56% of 808 stocks in the same industry.
ANZ is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ANZ is lagging the market.
Considerably lower volume is observed in the last couple of days.
ANZ has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.10
0.24
3 important support areas can be observed.
- A support zone ranging from 0.17 to 0.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.15 from a horizontal line in the daily time frame.
- Support @0.10 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @0.20 from a horizontal line in the daily time frame.
- Resistance @0.24 from a trend line in the weekly 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 ANZ.CA is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ANZ.CA is down. |
| ChartMill Relative Strength | 71.55 | POSITIVE | ANZ.CA has a high relative strength, it outperformed 71.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ANZ.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ANZ.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ANZ.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.09 | NEUTRAL | The RSI value for ANZ.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ANZ.CA has a negative trend. |
| Stochastics (14,3) | 8.89 | OVERSOLD | The low Stochastics value suggests ANZ.CA may be oversold. |
| Average True Range in percent/ATR (20) | 12.36 | HIGH VOLATILITY | The high ATR as a percentage value for ANZ.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 12.93 | NEGATIVE | The low ADX value for ANZ.CA suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
TSX-V:ANZ (8/24/2023, 7:00:00 PM)
0.18
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0%
1 Week-25%
2 Weeks-10%
1 Month2.86%
3 Month44%
6 Month20%
12 Month-34.55%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%12.36%
ATR Inc-68.18%
Range Today0
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.55
Mansfield-0.15
10 Day High0.25
10 Day Low0.18
20 Day High0.28
20 Day Low0.15
52 Week High0.3
52 Week Low0.1
CS1 End0.17
CR1 Start0.2
Volume & EV
DER(3)219.74%
DER(5)141.99%
Volume2.50K
Volume Incr-91.44%
Vol(5)34.22K
Vol(50)183.98K