Copper North Mining Corp (COL.CA) Stock Technical Analysis
Canada • TSX Venture Exchange • TSX-V:COL
Overall COL gets a technical rating of 6 out of 10. In the last year, COL was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- COL 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 COL is lagging the market slightly.
- When comparing the yearly performance of all stocks, we notice that COL is one of the better performing stocks in the market, outperforming 73% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- In the last month COL 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.
COL has an average technical rating and the quality of the presented setup is also not ideal 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
0.04
When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.05 to 0.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 0.04 to 0.04. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 0.05 to 0.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.06 to 0.06. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for COL.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for COL.CA is neutral. |
| ChartMill Relative Strength | 73.9 | POSITIVE | COL.CA has a high relative strength, it outperformed 73.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of COL.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of COL.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of COL.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.43 | NEUTRAL | The RSI value for COL.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests COL.CA has a negative trend. |
| Stochastics (14,3) | 33.33 | NEUTRAL | The Stochastics value for COL.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 8.5 | HIGH VOLATILITY | The high ATR as a percentage value for COL.CA suggests high volalility. |
TSX-V:COL (11/30/2020, 10:46:05 AM)
0.05
0 (0%)
Copper North Mining Corp / COL.CA FAQ
Can you provide the ChartMill technical rating for Copper North Mining Corp?
ChartMill assigns a technical rating of 6 / 10 to COL.CA.
What is the trend direction for COL stock?
The current trend direction for Copper North Mining Corp (COL.CA) is Bullish.
What is the RSI signal for COL stock?
Copper North Mining Corp (COL.CA) has an RSI value of 46.4326. This indicates that the stock is currently neutral.
What is the MACD signal for Copper North Mining Corp (COL.CA) stock?
The MACD indicator for Copper North Mining Corp (COL.CA) has a value of -0.000275194, indicating a bearish trend.
What is the short term momentum for Copper North Mining Corp (COL.CA) stock?
The short term momentum for Copper North Mining Corp (COL.CA) is neutral.