ELEMENT 29 RESOURCES INC (ECU.CA) Stock Technical Analysis
TSX-V:ECU • CA28619M1059
We assign a technical rating of 8 out of 10 to ECU. In the last year, ECU was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month ECU has a been trading in the 1.03 - 1.40 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that ECU is one of the better performing stocks in the market, outperforming 84% of all stocks. We also observe that the gains produced by ECU over the past year are nicely spread over this period.
- ECU is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ECU is lagging the market slightly.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- ECU is an average performer in the Metals & Mining industry, it outperforms 56% of 800 stocks in the same industry.
Although ECU 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.
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0.81
2 important support areas can be observed.
- Support @1.02 from a horizontal line in the daily time frame.
- Support @0.82 from a trend line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @1.07 from a trend line in the daily time frame.
- A resistance zone ranging from 1.10 to 1.11. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- A resistance zone ranging from 1.20 to 1.20. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
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 ECU.CA is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ECU.CA is down. |
| ChartMill Relative Strength | 84.07 | POSITIVE | ECU.CA has a high relative strength, it outperformed 84.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ECU.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ECU.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ECU.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.85 | NEUTRAL | The RSI value for ECU.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ECU.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 29.84 | NEUTRAL | The Stochastics value for ECU.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.07 | HIGH VOLATILITY | The high ATR as a percentage value for ECU.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 17.62 | NEGATIVE | The low ADX value for ECU.CA suggests a weak or negative trend. |
TSX-V:ECU (2/18/2026, 7:00:00 PM)
1.06
-0.08 (-7.02%)
ELEMENT 29 RESOURCES INC / ECU.CA FAQ
Can you provide the ChartMill technical rating for ELEMENT 29 RESOURCES INC?
ChartMill assigns a technical rating of 8 / 10 to ECU.CA.
Can you provide the trend direction for ELEMENT 29 RESOURCES INC?
The current trend direction for ELEMENT 29 RESOURCES INC (ECU.CA) is Bullish.
Can you provide the RSI signal for ELEMENT 29 RESOURCES INC?
ELEMENT 29 RESOURCES INC (ECU.CA) has an RSI value of 44.8528. This indicates that the stock is currently neutral.
What is the buy/sell signal for ECU stock?
The buy/sell signal for ELEMENT 29 RESOURCES INC (ECU.CA) is hold as the short term and long term trends are mixed.
What is the support and resistance level for ECU stock?
ELEMENT 29 RESOURCES INC (ECU.CA) has a support level at 1.11 and a resistance level at 1.2. Check the full technical report for our detailed analysis of ECU.CA support and resistance levels.