Canadian Arrow Mines Ltd (CRO.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:CRO -
Overall CRO gets a technical rating of 7 out of 10. Although CRO has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
- CRO is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- Looking at the yearly performance, CRO did better than 94% of all other stocks.
- In the last month CRO has a been trading in the 0.01 - 0.01 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Besides having an excellent technical rating, CRO also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 0.01. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.01, a Stop Loss order could be placed below this zone.
More info and screens
0.01
We found 1 important support area.
- A support zone ranging from 0.01 to 0.01. 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 0.01 to 0.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 0.03 to 0.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 CRO.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CRO.CA is neutral. |
| ChartMill Relative Strength | 94.47 | POSITIVE | CRO.CA has a high relative strength, it outperformed 94.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CRO.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CRO.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CRO.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.99 | NEUTRAL | The RSI value for CRO.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CRO.CA has a positive trend. |
| Stochastics (14,3) | 66.67 | NEUTRAL | The Stochastics value for CRO.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 30 | HIGH VOLATILITY | The high ATR as a percentage value for CRO.CA suggests high volalility. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 0.02 | -0.01 | 0.03 (125.00%) | 0.80% |
| An entry @0.02. This is a Buy Stop order right above the resistance zone. | An exit @-0.01. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.03 points, which is 125.00%. | When investing 0.80% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX-V:CRO (2/1/2018, 5:00:00 PM)
0.015
+0 (+50%)
Canadian Arrow Mines Ltd / CRO.CA FAQ
Can you provide the ChartMill technical rating for Canadian Arrow Mines Ltd?
ChartMill assigns a technical rating of 6 / 10 to CRO.CA.
What is the current trend direction of Canadian Arrow Mines Ltd (CRO.CA) stock?
The current trend direction for Canadian Arrow Mines Ltd (CRO.CA) is Bearish.
What is the RSI signal for Canadian Arrow Mines Ltd (CRO.CA) stock?
Canadian Arrow Mines Ltd (CRO.CA) has an RSI value of 62.9898. This indicates that the stock is currently neutral.
What is the MACD signal for Canadian Arrow Mines Ltd (CRO.CA) stock?
The MACD indicator for Canadian Arrow Mines Ltd (CRO.CA) has a value of 0.00026553, indicating a bearish trend.