Chilean Metals Inc (CMX.CA) Technical Analysis
TSX-V:CMX
Taking everything into account, CMX scores 5 out of 10 in our technical rating. 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.
- When comparing the yearly performance of all stocks, CMX is a bad performer in the overall market: 81% of all stocks are doing better.
- CMX is part of the Metals & Mining industry. There are 817 other stocks in this industry, of which 82% are performing better than CMX.
- CMX 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 CMX is lagging the market.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month CMX has a been trading in the 0.12 - 0.23 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CMX has only a medium technical rating, but it does show 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 0.16, 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.
We can see 2 important resistance 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. |
CMX.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX-V:CMX (2/18/2022, 7:00:00 PM)
0.17
0 (-2.86%)
Chilean Metals Inc / CMX.CA FAQ
What is the ChartMill technical rating of Chilean Metals Inc (CMX.CA) stock?
ChartMill assigns a technical rating of 5 / 10 to CMX.CA.
Can you provide the trend direction for Chilean Metals Inc?
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.
Can you provide the MACD signal for Chilean Metals Inc?
The MACD indicator for Chilean Metals Inc (CMX.CA) has a value of 0.000721843, indicating a bearish trend.
Can you provide the support and resistance levels for Chilean Metals Inc?
Chilean Metals Inc (CMX.CA) has a support level at 0.16 and a resistance level at 0.18. Check the full technical report for our detailed analysis of CMX.CA support and resistance levels.