DECIBEL CANNABIS CO INC (DB.CA) Stock Technical Analysis
TSX-V:DB - TSX Venture Exchange - CA2434371001 - Common Stock - Currency: CAD
Taking everything into account, DB scores 2 out of 10 in our technical rating. DB's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
DB has a bad 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 resistance zone just above the current price starting at 0.07. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.06, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for DB 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
0.06
We found 1 important support area.
- A support zone ranging from 0.06 to 0.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 0.07 to 0.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.08 to 0.08. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @0.09 from a trend line in the weekly time frame.
TSX-V:DB (5/8/2025, 7:00:00 PM)
0.065
0 (0%)