HILL STREET BEVERAGE CO INC (BEER.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:BEER - Common Stock
We assign a technical rating of 0 out of 10 to BEER. BEER'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.
BEER has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 0.03. Right above this resistance zone may be a good entry point.
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0.02
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 0.03 to 0.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.04 from a trend line in the daily time frame.
- Resistance @0.06 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for BEER.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BEER.CA is down. |
| ChartMill Relative Strength | 3.78 | NEGATIVE | BEER.CA has a low relative strength, it was outperformed by 96.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BEER.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BEER.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BEER.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.71 | NEUTRAL | The RSI value for BEER.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests BEER.CA has a positive trend. |
| Stochastics (14,3) | 50 | NEUTRAL | The Stochastics value for BEER.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 17 | HIGH VOLATILITY | The high ATR as a percentage value for BEER.CA suggests high volalility. |
TSX-V:BEER (5/27/2022, 7:00:00 PM)
0.025
0 (0%)
HILL STREET BEVERAGE CO INC / BEER.CA FAQ
What is the technical rating for BEER stock?
ChartMill assigns a technical rating of 0 / 10 to BEER.CA.
What is the trend direction for BEER stock?
The current trend direction for HILL STREET BEVERAGE CO INC (BEER.CA) is Bearish.
Can you provide the RSI signal for HILL STREET BEVERAGE CO INC?
HILL STREET BEVERAGE CO INC (BEER.CA) has an RSI value of 45.7069. This indicates that the stock is currently neutral.
Can you provide the short term momentum for HILL STREET BEVERAGE CO INC?
The short term momentum for HILL STREET BEVERAGE CO INC (BEER.CA) is negative.
What are the support and resistance levels for HILL STREET BEVERAGE CO INC (BEER.CA) stock?
HILL STREET BEVERAGE CO INC (BEER.CA) has a resistance level at 0.03. Check the full technical report for our detailed analysis of BEER.CA support and resistance levels.