ALEXCO RESOURCE CORP (AXU.CA) Stock Technical Analysis
TSX:AXU • CA01535P1062
We assign a technical rating of 1 out of 10 to AXU. AXU's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, AXU is a bad performer in the overall market: 96% of all stocks are doing better.
- AXU is part of the Metals & Mining industry. There are 803 other stocks in this industry, of which 92% are performing better than AXU.
- AXU is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month AXU has a been trading in the 0.56 - 0.69 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.
The technical rating of AXU is bad and it also does not present a quality setup 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.
More info and screens
0.55
When analyzing the support we can see 3 important areas.
- Support @0.58 from a horizontal line in the weekly time frame.
- Support @0.57 from a trend line in the daily time frame.
- Support @0.56 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 0.69 to 0.70. 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 | DOWN | NEGATIVE | The long term trend for AXU.CA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AXU.CA is neutral. |
| ChartMill Relative Strength | 4.75 | NEGATIVE | AXU.CA has a low relative strength, it was outperformed by 95.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of AXU.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AXU.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AXU.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.48 | NEUTRAL | The RSI value for AXU.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests AXU.CA has a positive trend. |
| Stochastics (14,3) | 70.37 | NEUTRAL | The Stochastics value for AXU.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.23 | HIGH VOLATILITY | The high ATR as a percentage value for AXU.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 16.14 | NEGATIVE | The low ADX value for AXU.CA suggests a weak or negative trend. |
TSX:AXU (9/9/2022, 7:00:00 PM)
0.65
+0.03 (+4.84%)
ALEXCO RESOURCE CORP / AXU.CA FAQ
Can you provide the ChartMill technical rating for ALEXCO RESOURCE CORP?
ChartMill assigns a technical rating of 1 / 10 to AXU.CA.
What is the current trend direction of ALEXCO RESOURCE CORP (AXU.CA) stock?
The current trend direction for ALEXCO RESOURCE CORP (AXU.CA) is Bearish.
Can you provide the RSI signal for ALEXCO RESOURCE CORP?
ALEXCO RESOURCE CORP (AXU.CA) has an RSI value of 55.4769. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ALEXCO RESOURCE CORP?
The short term momentum for ALEXCO RESOURCE CORP (AXU.CA) is neutral.