Blackheath Resources Inc (BHR.CA) Stock Technical Analysis
Canada • TSX Venture Exchange • TSX-V:BHR
We assign a technical rating of 8 out of 10 to BHR. Both in the recent history as in the last year, BHR has proven to be a steady performer, scoring decent points in every aspect analyzed.
- In the last month BHR has a been trading in the 0.17 - 0.26 range, which is quite wide. It is currently trading near the lows of this range.
- Warning: BHR has an average volume of 18139 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- BHR is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BHR is lagging the market slightly.
- When comparing the yearly performance of all stocks, we notice that BHR is one of the better performing stocks in the market, outperforming 97% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
BHR has an excellent technical rating, but the quality of the setup is only medium at the moment. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
0.13
When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.18 to 0.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.13 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.20 to 0.20. This zone is formed by a combination of multiple trend lines and important moving averages 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 BHR.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BHR.CA is neutral. |
| ChartMill Relative Strength | 97.28 | POSITIVE | BHR.CA has a high relative strength, it outperformed 97.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BHR.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BHR.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BHR.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.24 | NEUTRAL | The RSI value for BHR.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests BHR.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.8 | OVERSOLD | The low Stochastics value suggests BHR.CA may be oversold. |
| Average True Range in percent/ATR (20) | 10 | HIGH VOLATILITY | The high ATR as a percentage value for BHR.CA suggests high volalility. |
TSX-V:BHR (2/3/2021, 9:49:40 PM)
0.195
+0.02 (+8.33%)
Blackheath Resources Inc / BHR.CA FAQ
Can you provide the ChartMill technical rating for Blackheath Resources Inc?
ChartMill assigns a technical rating of 7 / 10 to BHR.CA.
What is the trend direction for BHR stock?
The current trend direction for Blackheath Resources Inc (BHR.CA) is Bullish.
What is the RSI signal for Blackheath Resources Inc (BHR.CA) stock?
Blackheath Resources Inc (BHR.CA) has an RSI value of 50.2377. This indicates that the stock is currently neutral.
Can you provide the MACD signal for Blackheath Resources Inc?
The MACD indicator for Blackheath Resources Inc (BHR.CA) has a value of -0.00579742, indicating a bearish trend.
What is the short term momentum for BHR stock?
The short term momentum for Blackheath Resources Inc (BHR.CA) is neutral.