AVINO SILVER & GOLD MINES (ASM) Stock Technical Analysis
NYSEARCA:ASM • CA0539061030
We assign a technical rating of 10 out of 10 to ASM. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ASM is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, ASM did better than 99% of all other stocks. On top of that, ASM also shows a nice and consistent pattern of rising prices.
- ASM is part of the Metals & Mining industry. There are 158 other stocks in this industry. ASM outperforms 98% of them.
- ASM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ASM is lagging the market slightly.
- ASM has an average volume of 6866050 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month ASM has a been trading in the 8.32 - 11.05 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, ASM also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 8.80, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ASM 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.
More info and screens
4.04
When analyzing the support we can see 4 important areas.
- Support @8.80 from a horizontal line in the daily time frame.
- A support zone ranging from 8.05 to 8.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.18 from a trend line in the daily time frame.
- Support @4.08 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @9.98 from a trend line in the daily 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 ASM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ASM is up. |
| ChartMill Relative Strength | 99.57 | POSITIVE | ASM has a high relative strength, it outperformed 99.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ASM is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ASM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ASM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.2 | NEUTRAL | The RSI value for ASM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests ASM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 35.5 | NEUTRAL | The Stochastics value for ASM is a neutral value. |
| Average True Range in percent/ATR (20) | 9.94 | HIGH VOLATILITY | The high ATR as a percentage value for ASM suggests high volalility. |
| Average Directional Index/ADX (14) | 18.61 | NEGATIVE | The low ADX value for ASM suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 9.99 | 8.79 | 1.20 (12.01%) | 8.33% |
| An entry @9.99. This is a Buy Stop order right above the resistance zone. | An exit @8.79. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.20 points, which is 12.01%. | For a 1.00% total portfolio risk, you can invest 8.33% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
9.62
+0.38 (+4.11%)
AVINO SILVER & GOLD MINES / ASM FAQ
Can you provide the ChartMill technical rating for AVINO SILVER & GOLD MINES?
ChartMill assigns a technical rating of 10 / 10 to ASM.
Can you provide the trend direction for AVINO SILVER & GOLD MINES?
The current trend direction for AVINO SILVER & GOLD MINES (ASM) is Bullish.
Can you provide the RSI signal for AVINO SILVER & GOLD MINES?
AVINO SILVER & GOLD MINES (ASM) has an RSI value of 55.2036. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for AVINO SILVER & GOLD MINES?
The buy/sell signal for AVINO SILVER & GOLD MINES (ASM) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for AVINO SILVER & GOLD MINES?
AVINO SILVER & GOLD MINES (ASM) has a support level at 8.8 and a resistance level at 9.98. Check the full technical report for our detailed analysis of ASM support and resistance levels.