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Blackheath Resources Inc (BHR.CA) Stock Technical Analysis

Canada - TSX-V:BHR -

0.195
+0.02 (+8.33%)
Last: 2/3/2021, 9:49:40 PM
Technical Rating and Analysis

8

Overall BHR gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BHR is showing a nice and steady performance.

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 long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
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.

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Weekly and Daily overview Charts
Blackheath Resources Inc / BHR Weekly stock chart
Blackheath Resources Inc / BHR Daily stock chart
Setup Rating and Analysis

4

Although BHR has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Prices have been consolidating lately and the volatility has been reduced.

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Support and Resistance Analysis

0.13

0.20

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.

We found 1 important resistance 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.

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Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for BHR.CA is up.
ChartMill Short Term Trend IndicatorNEUTRALNEUTRALThe short term trend for BHR.CA is neutral.
ChartMill Relative Strength97.28POSITIVEBHR.CA has a high relative strength, it outperformed 97.28% off all stocks on the market.
Simple Moving Average/SMA (20)UPMIXEDThe current price of BHR.CA is below the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of BHR.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of BHR.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)50.24NEUTRALThe RSI value for BHR.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.01NEGATIVEThe MACD value suggests BHR.CA has a negative trend, although the MACD value is rising.
Stochastics (14,3)9.8OVERSOLDThe low Stochastics value suggests BHR.CA may be oversold.
Average True Range in percent/ATR (20)10HIGH VOLATILITYThe high ATR as a percentage value for BHR.CA suggests high volalility.
Chart- and CandleStick Pattern Analysis
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)

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Blackheath Resources Inc / BHR Daily stock chart

Blackheath Resources Inc

TSX-V:BHR (2/3/2021, 9:49:40 PM)

0.195

+0.02 (+8.33%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg8.33%
1 Week0%
2 Weeks-17.02%
1 Month2.63%
3 Month14.71%
6 Month1850%
12 Month1200%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%10%
ATR Inc-56.92%
Range Today0.02
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.28
3 months CRSN/A
6 months CRSN/A
Mansfield11.32
10 Day High0.26
10 Day Low0.18
20 Day High0.26
20 Day Low0.18
52 Week High0.26
52 Week Low0.01
CS1 End0.18
CR1 Start0.2
Volume & EV
DER(3)0%
DER(5)0%
Volume47.24K
Volume Incr4.35%
Vol(5)15.55K
Vol(50)18.14K

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.


Can you provide the trend direction for Blackheath Resources Inc?

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 short term momentum for Blackheath Resources Inc?

The short term momentum for Blackheath Resources Inc (BHR.CA) is neutral.