BONANZA MINING CORP (BNZ.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:BNZ - CA09790B1004 - Common Stock
We assign a technical rating of 8 out of 10 to BNZ. Although BNZ is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- In the last month BNZ has a been trading in the 0.02 - 0.06 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the yearly performance of all stocks, we notice that BNZ is one of the better performing stocks in the market, outperforming 77% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- BNZ is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BNZ is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although BNZ has an excellent technical rating, it does not present a decent entry opportunity 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
0.02
2 important support areas can be observed.
- A support 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.
- A support zone ranging from 0.02 to 0.02. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for BNZ.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BNZ.CA is up. |
| ChartMill Relative Strength | 77.8 | POSITIVE | BNZ.CA has a high relative strength, it outperformed 77.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BNZ.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BNZ.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BNZ.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.07 | NEUTRAL | The RSI value for BNZ.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests BNZ.CA has a positive trend. |
| Stochastics (14,3) | 75 | NEUTRAL | The Stochastics value for BNZ.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 14.5 | HIGH VOLATILITY | The high ATR as a percentage value for BNZ.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 20.54 | NEUTRAL | The ADX value for BNZ.CA suggests a possible start of a new trend. |
TSX-V:BNZ (1/13/2026, 7:00:00 PM)
0.05
0 (-9.09%)
BONANZA MINING CORP / BNZ.CA FAQ
Can you provide the ChartMill technical rating for BONANZA MINING CORP?
ChartMill assigns a technical rating of 8 / 10 to BNZ.CA.
What is the current trend direction of BONANZA MINING CORP (BNZ.CA) stock?
The current trend direction for BONANZA MINING CORP (BNZ.CA) is Bullish.
What is the RSI signal for BNZ stock?
BONANZA MINING CORP (BNZ.CA) has an RSI value of 66.0715. This indicates that the stock is currently neutral.
What is the MACD signal for BONANZA MINING CORP (BNZ.CA) stock?
The MACD indicator for BONANZA MINING CORP (BNZ.CA) has a value of 0.00302911, indicating a bearish trend.
What is the short term momentum for BONANZA MINING CORP (BNZ.CA) stock?
The short term momentum for BONANZA MINING CORP (BNZ.CA) is positive.