ARTG Technical Analysis - ARTEMIS GOLD INC

Technical Rating and Analysis

Overall ARTG gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ARTG is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!

Looking at the yearly performance, ARTG did better than 90% of all other stocks. We also observe that the gains produced by ARTG over the past year are nicely spread over this period.

ARTG is part of the Metals & Mining industry. There are 807 other stocks in this industry. ARTG outperforms 77% of them.

ARTG is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month ARTG has a been trading in the 27.36 - 33.67 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ARTEMIS GOLD INC / ARTG Weekly stock chart

ARTEMIS GOLD INC / ARTG Daily stock chart

Setup Rating and Analysis

Although ARTG has an excellent technical rating, it does not present a decent entry opportunity 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

18.78

33.33

4 important support areas can be observed.

Support @28.90 from a trend line in the daily time frame.
A support zone ranging from 27.70 to 28.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @24.74 from a horizontal line in the daily time frame.
Support @18.97 from a trend line in the weekly time frame.

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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	UP	POSITIVE	The long term trend for ARTG.CA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for ARTG.CA is up.
ChartMill Relative Strength	90.98	POSITIVE	ARTG.CA has a high relative strength, it outperformed 90.98% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ARTG.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ARTG.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ARTG.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	76.05	OVERBOUGHT	The high RSI value suggests ARTG.CA may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.25	POSITIVE	The MACD value suggests ARTG.CA has a positive trend.
Stochastics (14,3)	88.12	OVERBOUGHT	The high Stochastics value suggests ARTG.CA may be overbought.
Average True Range in percent/ATR (20)	2.78	MEDIUM VOLATILITY	The ATR as a percentage value for ARTG.CA suggests some volalility.
Average Directional Index/ADX (14)	41.74	POSITIVE	The high ADX value value for ARTG.CA suggests a strong trend.