Bam Bam Resources Corp. (BBR.CA) Stock Technical Analysis
Canada • Canadian Securities Exchange • CNSX:BBR
Overall BBR gets a technical rating of 2 out of 10. Although BBR is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- BBR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month BBR has a been trading in the 0.20 - 0.39 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, BBR did better than 85% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, BBR does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for BBR 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
0.22
We found 2 important support areas.
- A support zone ranging from 0.23 to 0.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.22 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.27 to 0.27. 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 BBR.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BBR.CA is down. |
| ChartMill Relative Strength | 85.46 | POSITIVE | BBR.CA has a high relative strength, it outperformed 85.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BBR.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BBR.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of BBR.CA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 36.33 | NEUTRAL | The RSI value for BBR.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests BBR.CA has a positive trend. |
| Stochastics (14,3) | 68.89 | NEUTRAL | The Stochastics value for BBR.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 10.69 | HIGH VOLATILITY | The high ATR as a percentage value for BBR.CA suggests high volalility. |
CNSX:BBR (4/8/2021, 8:01:48 PM)
0.255
+0.01 (+4.08%)
Bam Bam Resources Corp. / BBR.CA FAQ
Can you provide the ChartMill technical rating for Bam Bam Resources Corp.?
ChartMill assigns a technical rating of 1 / 10 to BBR.CA.
What is the current trend direction of Bam Bam Resources Corp. (BBR.CA) stock?
The current trend direction for Bam Bam Resources Corp. (BBR.CA) is Bearish.
Can you provide the RSI signal for Bam Bam Resources Corp.?
Bam Bam Resources Corp. (BBR.CA) has an RSI value of 36.3265. This indicates that the stock is currently neutral.
What is the MACD signal for Bam Bam Resources Corp. (BBR.CA) stock?
The MACD indicator for Bam Bam Resources Corp. (BBR.CA) has a value of 0.0233444, indicating a bearish trend.
What is the support and resistance level for BBR stock?
Bam Bam Resources Corp. (BBR.CA) has a support level at 0.23 and a resistance level at 0.27. Check the full technical report for our detailed analysis of BBR.CA support and resistance levels.