DEEP-SOUTH RESOURCES INC (DSM.CA) Stock Technical Analysis
Canada - TSX-V:DSM - CA24378W1032 - Common Stock
0.08 CAD
0 (0%)
Taking everything into account, DSM scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, DSM has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
DSM is part of the Metals & Mining industry. There are 808 other stocks in this industry. DSM outperforms 79% of them.
When comparing the yearly performance of all stocks, we notice that DSM is one of the better performing stocks in the market, outperforming 91% of all stocks. However, this relatively good performance is mostly due to a recent big move.
DSM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DSM is lagging the market.
In the last month DSM has a been trading in the 0.07 - 0.09 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.
Besides having an excellent technical rating, DSM also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 0.08, a Stop Loss order could be placed below this zone.
More info and screens
0.04
0.09
3 important support areas can be observed.
- A support zone ranging from 0.08 to 0.08. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support 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.
- Support @0.04 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @0.08 from a trend line in the daily time frame.
- A resistance zone ranging from 0.09 to 0.09. 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 DSM.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DSM.CA is up. |
| ChartMill Relative Strength | 91.88 | POSITIVE | DSM.CA has a high relative strength, it outperformed 91.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DSM.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DSM.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of DSM.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.69 | NEUTRAL | The RSI value for DSM.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests DSM.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 50 | NEUTRAL | The Stochastics value for DSM.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.94 | HIGH VOLATILITY | The high ATR as a percentage value for DSM.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 33.55 | POSITIVE | The high ADX value value for DSM.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)
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 |
|---|---|---|---|
| 0.09 | 0.07 | 0.02 (27.78%) | 3.60% |
| An entry @0.09. This is a Buy Stop order right above the resistance zone. | An exit @0.07. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.02 points, which is 27.78%. | When investing 3.60% 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:DSM (3/20/2024, 7:00:00 PM)
0.08
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0%
1 Week0%
2 Weeks0%
1 Month14.29%
3 Month77.78%
6 Month45.45%
12 Month0%
2 Year23.08%
3 Year-62.79%
5 Year-15.79%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.01
ATR(20)%5.94%
ATR Inc-100%
Range Today0
ADR(20)0
ADR(20)%4.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.88
Mansfield0.82
10 Day High0.09
10 Day Low0.08
20 Day High0.09
20 Day Low0.07
52 Week High0.12
52 Week Low0.04
CS1 End0.08
CR1 Start0.08
Volume & EV
DER(3)0%
DER(5)0%
Volume52.00K
Volume Incr-70.97%
Vol(5)67.50K
Vol(50)203.62K