Chemistree Technology Inc. (CHM.CA) Technical Analysis
CNSX:CHM
Current stock price
CHM.CA Technical Rating and Analysis
Overall CHM gets a technical rating of 3 out of 10. CHM has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- CHM is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CHM is lagging the market.
- In the last month CHM has a been trading in the 0.08 - 0.10 range, which is quite wide. It is currently trading near the lows of this range.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When compared to the yearly performance of all other stocks, CHM outperforms 65% of them, which is more or less in line with the market.
- Considerably lower volume is observed in the last couple of days.
CHM.CA Weekly and Daily overview Charts
CHM.CA Setup Rating and Analysis
CHM has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for CHM in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
CHM.CA Support and Resistance Analysis
0.05
When analyzing the support we can see 4 important areas.
- A support zone ranging from 0.09 to 0.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.08 to 0.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.06 from a trend line in the weekly time frame.
- Support @0.05 from a trend line in the daily time frame.
CHM.CA Technical Indicator Signal Analysis
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 CHM.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CHM.CA is neutral. |
| ChartMill Relative Strength | 65.27 | NEUTRAL | CHM.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CHM.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CHM.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CHM.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.83 | NEUTRAL | The RSI value for CHM.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CHM.CA has a positive trend. |
| Stochastics (14,3) | 44.44 | NEUTRAL | The Stochastics value for CHM.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 8.33 | HIGH VOLATILITY | The high ATR as a percentage value for CHM.CA suggests high volalility. |
CHM.CA Chart- and CandleStick Pattern Analysis
CHM.CA Technicals: Chart, Performance Metrics, Trend & Indicators
CNSX:CHM (4/8/2021, 3:33:31 PM)
0.09
+0.01 (+12.5%)
Chemistree Technology Inc. / CHM.CA TA FAQ
Can you provide the ChartMill technical rating for Chemistree Technology Inc.?
ChartMill assigns a technical rating of 3 / 10 to CHM.CA.
What is the trend direction for CHM stock?
The current trend direction for Chemistree Technology Inc. (CHM.CA) is Bearish.
What is the RSI signal for CHM stock?
Chemistree Technology Inc. (CHM.CA) has an RSI value of 50.8272. This indicates that the stock is currently neutral.
What is the short term momentum for CHM stock?
The short term momentum for Chemistree Technology Inc. (CHM.CA) is neutral.
What are the support and resistance levels for Chemistree Technology Inc. (CHM.CA) stock?
Chemistree Technology Inc. (CHM.CA) has a support level at 0.09. Check the full technical report for our detailed analysis of CHM.CA support and resistance levels.