DEFENSE METALS CORP (DEFN.CA) Stock Technical Analysis
TSX-V:DEFN - TSX Venture Exchange - CA2446331035 - Common Stock - Currency: CAD
We assign a technical rating of 7 out of 10 to DEFN. DEFN has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the yearly performance of all stocks, we notice that DEFN is one of the better performing stocks in the market, outperforming 83% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
DEFN is part of the Metals & Mining industry. There are 797 other stocks in this industry, DEFN did better than 62% of them.
DEFN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DEFN is lagging the market.
In the last month DEFN has a been trading in the 0.17 - 0.26 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although DEFN has an excellent technical rating, it does not offer a high quality setup 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
0.14
0.23
When analyzing the support we can see 4 important areas.
- A support zone ranging from 0.19 to 0.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.17 from a horizontal line in the weekly time frame.
- A support zone ranging from 0.15 to 0.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 0.14 to 0.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 0.21 to 0.21. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 0.23 to 0.23. 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 DEFN.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DEFN.CA is neutral. |
| ChartMill Relative Strength | 83.35 | POSITIVE | DEFN.CA has a high relative strength, it outperformed 83.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DEFN.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DEFN.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DEFN.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.1 | NEUTRAL | The RSI value for DEFN.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests DEFN.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.46 | NEUTRAL | The Stochastics value for DEFN.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 8.96 | HIGH VOLATILITY | The high ATR as a percentage value for DEFN.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 19.04 | NEGATIVE | The low ADX value for DEFN.CA suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
TSX-V:DEFN (8/7/2025, 7:00:00 PM)
0.205
+0.02 (+12.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg12.33%
1 Week2.5%
2 Weeks2.5%
1 Month7.89%
3 Month28.13%
6 Month13.89%
12 Month46.43%
2 Year0%
3 Year2.5%
5 Year32.26%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%8.96%
ATR Inc23.96%
Range Today0.02
ADR(20)0.02
ADR(20)%8.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.35
Mansfield2.92
10 Day High0.21
10 Day Low0.17
20 Day High0.26
20 Day Low0.17
52 Week High0.26
52 Week Low0.07
CS1 End0.19
CR1 Start0.21
Volume & EV
DER(3)-55.99%
DER(5)-40.69%
Volume479.22K
Volume Incr-10.71%
Vol(5)294.07K
Vol(50)250.01K