BLUESTONE RESOURCES INC (BSR.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:BSR - CA09626M3049 - Common Stock
Overall BSR gets a technical rating of 2 out of 10. BSR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- 90% of all other stocks performed better in the past year than BSR.
- BSR is one of the lesser performing stocks in the Metals & Mining industry. 87% of 820 stocks in the same industry do better.
- BSR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month BSR has a been trading in the 0.29 - 0.37 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been consolidating recently, but much resistance may still be present above.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
BSR has a poor technical rating and the quality of the setup is also not perfect 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
0.29
When analyzing the support we can see 3 important areas.
- A support zone ranging from 0.31 to 0.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.30 to 0.30. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 0.29 to 0.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- Resistance @0.32 from a horizontal line in the weekly time frame.
- Resistance @0.33 from a horizontal line in the daily time frame.
- Resistance @0.39 from a trend line in the weekly time frame.
- Resistance @0.43 from a trend line in the daily time frame.
- Resistance @0.53 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 | NEUTRAL | NEUTRAL | The long term trend for BSR.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BSR.CA is neutral. |
| ChartMill Relative Strength | 10.55 | NEGATIVE | BSR.CA has a low relative strength, it was outperformed by 89.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BSR.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BSR.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BSR.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.47 | NEUTRAL | The RSI value for BSR.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests BSR.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.95 | NEUTRAL | The Stochastics value for BSR.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.39 | MEDIUM VOLATILITY | The ATR as a percentage value for BSR.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 30.7 | POSITIVE | The high ADX value value for BSR.CA suggests a strong trend. |
TSX-V:BSR (1/14/2025, 7:00:00 PM)
0.31
0 (0%)
BLUESTONE RESOURCES INC / BSR.CA FAQ
What is the technical rating for BSR stock?
ChartMill assigns a technical rating of 2 / 10 to BSR.CA.
Can you provide the trend direction for BLUESTONE RESOURCES INC?
The current trend direction for BLUESTONE RESOURCES INC (BSR.CA) is Bearish.
What is the RSI signal for BSR stock?
BLUESTONE RESOURCES INC (BSR.CA) has an RSI value of 51.4739. This indicates that the stock is currently neutral.
What is the MACD signal for BSR stock?
The MACD indicator for BLUESTONE RESOURCES INC (BSR.CA) has a value of -0.000140917, indicating a bearish trend.
What are the support and resistance levels for BLUESTONE RESOURCES INC (BSR.CA) stock?
BLUESTONE RESOURCES INC (BSR.CA) has a support level at 0.31 and a resistance level at 0.32. Check the full technical report for our detailed analysis of BSR.CA support and resistance levels.