A2Z SMART TECHNOLOGIES CORP (AZ.CA) Stock Technical Analysis
TSX-V:AZ - TSX Venture Exchange - CA00249W1005 - Common Stock - Currency: CAD
Overall AZ gets a technical rating of 1 out of 10. AZ scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
79% of all other stocks performed better in the past year than AZ.
AZ is one of the lesser performing stocks in the Aerospace & Defense industry. 63% of 12 stocks in the same industry do better.
AZ 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 AZ has a been trading in the 1.39 - 1.90 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.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
Warning: AZ has an average volume of 2180 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
AZ has a poor technical rating and the quality of the setup is also not perfect 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
1.33
2.89
We found 2 important support areas.
- A support zone ranging from 1.38 to 1.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.34 from a horizontal line in the daily time frame.
We can see 7 important resistance areas.
- Resistance @1.55 from a trend line in the weekly time frame.
- A resistance zone ranging from 1.62 to 1.64. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 1.67 to 1.68. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Resistance @1.76 from a trend line in the daily time frame.
- Resistance @1.82 from a trend line in the daily time frame.
- Resistance @1.88 from a horizontal line in the daily time frame.
- Resistance @2.86 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 | DOWN | NEGATIVE | The long term trend for AZ.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AZ.CA is down. |
| ChartMill Relative Strength | 21.79 | NEGATIVE | AZ.CA has a low relative strength, it was outperformed by 78.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of AZ.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AZ.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AZ.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.31 | NEUTRAL | The RSI value for AZ.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests AZ.CA has a negative trend. |
| Stochastics (14,3) | 18.82 | OVERSOLD | The low Stochastics value suggests AZ.CA may be oversold. |
| Average True Range in percent/ATR (20) | 6.87 | HIGH VOLATILITY | The high ATR as a percentage value for AZ.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 12.65 | NEGATIVE | The low ADX value for AZ.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:AZ (2/28/2024, 7:00:00 PM)
1.5
+0.07 (+4.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg4.9%
1 Week-11.24%
2 Weeks-6.25%
1 Month7.91%
3 Month-11.76%
6 Month-54.55%
12 Month-28.57%
2 Year-81.08%
3 Year-87.47%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%6.87%
ATR Inc72.31%
Range Today0.12
ADR(20)0.07
ADR(20)%4.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.79
Mansfield-4.08
10 Day High1.9
10 Day Low1.39
20 Day High1.9
20 Day Low1.39
52 Week High4.01
52 Week Low1.34
CS1 End1.4
CR1 Start1.55
Volume & EV
DER(3)-28.39%
DER(5)-24.99%
Volume9.80K
Volume Incr66.56%
Vol(5)3.96K
Vol(50)2.18K