BONANZA MINING CORP (BNZ.CA) Stock Technical Analysis
TSX-V:BNZ • CA09790B1004
We assign a technical rating of 7 out of 10 to BNZ. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, BNZ is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- BNZ 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 BNZ is lagging the market slightly.
- Looking at the yearly performance, BNZ did better than 76% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- In the last month BNZ has a been trading in the 0.04 - 0.06 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
BNZ has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 0.04, a Stop Loss order could be placed below this zone.
More info and screens
0.02
2 important support areas can be observed.
- A support zone ranging from 0.04 to 0.04. 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 in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.05 to 0.05. This zone is formed by a combination of multiple trend lines 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 BNZ.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BNZ.CA is up. |
| ChartMill Relative Strength | 76.87 | POSITIVE | BNZ.CA has a high relative strength, it outperformed 76.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BNZ.CA is above a declining 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) | 57.2 | NEUTRAL | The RSI value for BNZ.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests BNZ.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 83.33 | OVERBOUGHT | The high Stochastics value suggests BNZ.CA may be overbought. |
| Average True Range in percent/ATR (20) | 8.33 | HIGH VOLATILITY | The high ATR as a percentage value for BNZ.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 19.61 | NEGATIVE | The low ADX value for BNZ.CA suggests a weak or negative trend. |
TSX-V:BNZ (2/27/2026, 7:00:00 PM)
0.045
0 (0%)
BONANZA MINING CORP / BNZ.CA FAQ
Can you provide the ChartMill technical rating for BONANZA MINING CORP?
ChartMill assigns a technical rating of 7 / 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 57.2007. 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 -0.000550441, 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.