ATHABASCA OIL CORP (ATH.CA) Stock Technical Analysis
TSX:ATH - Toronto Stock Exchange - CA04682R1073 - Common Stock - Currency: CAD
We assign a technical rating of 6 out of 10 to ATH. ATH has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Both the short term and long term trends are positive. This is a very positive sign.
ATH is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 74% of 209 stocks in the same industry.
ATH is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ATH is performing more or less in line with the market.
ATH is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
ATH has an average volume of 2525940 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, ATH turns out to be only a medium performer in the overall market: it outperformed 65% of all stocks.
ATH has only a medium 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 very little resistance above the current price. There is a support zone below the current price at 5.18, a Stop Loss order could be placed below this zone.
More info and screens
4.19
5.72
4 important support areas can be observed.
- A support zone ranging from 5.15 to 5.18. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 4.60 to 4.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.51 from a horizontal line in the weekly time frame.
- Support @4.23 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @5.35 from a horizontal line in the daily time frame.
- A resistance zone ranging from 5.51 to 5.66. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for ATH.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ATH.CA is up. |
| ChartMill Relative Strength | 65.08 | NEUTRAL | ATH.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ATH.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ATH.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ATH.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.2 | NEUTRAL | The RSI value for ATH.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ATH.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.01 | NEUTRAL | The Stochastics value for ATH.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.85 | MEDIUM VOLATILITY | The ATR as a percentage value for ATH.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 23.09 | NEUTRAL | The ADX value for ATH.CA suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 5.36 | 5.14 | 0.22 (4.10%) | 24.36% |
| An entry @5.36. This is a Buy Stop order right above the resistance zone. | An exit @5.14. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.22 points, which is 4.10%. | When investing 24.36% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
TSX:ATH (6/6/2025, 7:00:00 PM)
5.3
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0%
1 Week2.71%
2 Weeks1.53%
1 Month13.98%
3 Month10.42%
6 Month7.29%
12 Month9.28%
2 Year84.67%
3 Year112.85%
5 Year2844.44%
10 Year159.8%
15 Year-51.86%
Volatility
ATR(14)0.12
ATR(20)%2.85%
ATR Inc-45.41%
Range Today0.08
ADR(20)0.13
ADR(20)%2.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS65.08
Mansfield-0.1
10 Day High5.37
10 Day Low5.13
20 Day High5.41
20 Day Low4.67
52 Week High5.79
52 Week Low4.05
CS1 End5.18
CR1 Start5.35
Volume & EV
DER(3)-2.02%
DER(5)-5.13%
Volume1.91M
Volume Incr-41.56%
Vol(5)1.61M
Vol(50)2.53M