Blackheath Resources Inc (BHR.CA) Stock Technical Analysis
TSX-V:BHR - TSX Venture Exchange -
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.
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.
More info and screens
0.13
0.20
2 important support areas can be observed.
- 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.
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. |
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: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
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