DISTRICT METALS CORP (DMX.CA) Stock Technical Analysis
TSX-V:DMX - TSX Venture Exchange - CA2548481043 - Common Stock - Currency: CAD
Taking everything into account, DMX scores 8 out of 10 in our technical rating. Although DMX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
DMX is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so DMX is performing more or less in line with the market.
In the last month DMX has a been trading in the 0.29 - 0.43 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.
Looking at the yearly performance, DMX did better than 77% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
DMX is an average performer in the Metals & Mining industry, it outperforms 61% of 805 stocks in the same industry.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although DMX has an excellent technical rating, the quality of the presented setup is 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
0.28
0.43
3 important support areas can be observed.
- A support zone ranging from 0.33 to 0.33. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @0.29 from a trend line in the weekly time frame.
- Support @0.28 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.43 to 0.43. 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 | UP | POSITIVE | The long term trend for DMX.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DMX.CA is up. |
| ChartMill Relative Strength | 77.76 | POSITIVE | DMX.CA has a high relative strength, it outperformed 77.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DMX.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DMX.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DMX.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.19 | OVERBOUGHT | The high RSI value suggests DMX.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests DMX.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.96 | OVERBOUGHT | The high Stochastics value suggests DMX.CA may be overbought. |
| Average True Range in percent/ATR (20) | 4.97 | MEDIUM VOLATILITY | The ATR as a percentage value for DMX.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 30.52 | POSITIVE | The high ADX value value for DMX.CA suggests a strong 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:DMX (5/30/2025, 7:00:00 PM)
0.425
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0%
1 Week8.97%
2 Weeks14.86%
1 Month34.92%
3 Month21.43%
6 Month11.84%
12 Month8.97%
2 Year304.76%
3 Year203.57%
5 Year88.89%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%4.97%
ATR Inc-34.88%
Range Today0.02
ADR(20)0.02
ADR(20)%4.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.76
Mansfield1.78
10 Day High0.44
10 Day Low0.37
20 Day High0.44
20 Day Low0.29
52 Week High0.46
52 Week Low0.25
CS1 End0.33
CR1 Start0.43
Volume & EV
DER(3)-6.54%
DER(5)-6.65%
Volume319.07K
Volume Incr48%
Vol(5)358.91K
Vol(50)200.30K