Chilean Metals Inc (CMX.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:CMX -
Overall CMX gets a technical rating of 5 out of 10. In the past year, CMX was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is only medium, CMX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 0.16, a Stop Loss order could be placed below this zone.
More info and screens
0.16
When analyzing the support we notice one important area.
- A support zone ranging from 0.16 to 0.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 0.18 to 0.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.21 from a horizontal line 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 | NEUTRAL | NEUTRAL | The long term trend for CMX.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CMX.CA is up. |
| ChartMill Relative Strength | 19.22 | NEGATIVE | CMX.CA has a low relative strength, it was outperformed by 80.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CMX.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CMX.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CMX.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.86 | NEUTRAL | The RSI value for CMX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CMX.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 44.74 | NEUTRAL | The Stochastics value for CMX.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 11.03 | HIGH VOLATILITY | The high ATR as a percentage value for CMX.CA suggests high volalility. |
TSX-V:CMX (2/18/2022, 7:00:00 PM)
0.17
0 (-2.86%)
Chilean Metals Inc / CMX.CA FAQ
Can you provide the ChartMill technical rating for Chilean Metals Inc?
ChartMill assigns a technical rating of 5 / 10 to CMX.CA.
What is the current trend direction of Chilean Metals Inc (CMX.CA) stock?
The current trend direction for Chilean Metals Inc (CMX.CA) is Bearish.
What is the RSI signal for CMX stock?
Chilean Metals Inc (CMX.CA) has an RSI value of 53.8624. This indicates that the stock is currently neutral.
What is the MACD signal for CMX stock?
The MACD indicator for Chilean Metals Inc (CMX.CA) has a value of 0.000721843, indicating a bearish trend.