BENCHMARK METALS INC (BNCH.CA) Stock Technical Analysis
TSX-V:BNCH - TSX Venture Exchange - CA08162A1049 - Common Stock - Currency: CAD
We assign a technical rating of 6 out of 10 to BNCH. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month BNCH has a been trading in the 0.58 - 0.81 range, which is quite wide. It is currently trading near the lows of this range.
BNCH is one of the better performing stocks in the Metals & Mining industry, it outperforms 97% of 807 stocks in the same industry.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
When comparing the yearly performance of all stocks, we notice that BNCH is one of the better performing stocks in the market, outperforming 98% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
BNCH is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BNCH is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
BNCH has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
0.57
0.90
We found 1 important support area.
- Support @0.58 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 0.66 to 0.67. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @0.89 from a trend line in the weekly 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 | UP | POSITIVE | The long term trend for BNCH.CA is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BNCH.CA is down. |
| ChartMill Relative Strength | 98.62 | POSITIVE | BNCH.CA has a high relative strength, it outperformed 98.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BNCH.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BNCH.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BNCH.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.5 | NEUTRAL | The RSI value for BNCH.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests BNCH.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.59 | OVERSOLD | The low Stochastics value suggests BNCH.CA may be oversold. |
| Average True Range in percent/ATR (20) | 6.72 | HIGH VOLATILITY | The high ATR as a percentage value for BNCH.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 30.44 | POSITIVE | The high ADX value value for BNCH.CA suggests a strong trend. |
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:BNCH (10/6/2023, 7:00:00 PM)
0.61
+0.01 (+1.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.67%
1 Week-4.69%
2 Weeks-10.29%
1 Month-12.86%
3 Month134.62%
6 Month37.08%
12 Month56.41%
2 Year-39%
3 Year-38.38%
5 Year117.86%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%6.72%
ATR Inc-50.88%
Range Today0.01
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
CRS98.62
Mansfield4.49
10 Day High0.7
10 Day Low0.58
20 Day High0.81
20 Day Low0.58
52 Week High1
52 Week Low0.23
CS1 End0.58
CR1 Start0.66
Volume & EV
DER(3)1176.51%
DER(5)818.06%
Volume4.40K
Volume Incr-80.24%
Vol(5)38.31K
Vol(50)282.13K