ELEMENT 29 RESOURCES INC (ECU.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:ECU - CA28619M1059 - Common Stock
Overall ECU gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ECU is showing a nice and steady performance.
Besides having an excellent technical rating, ECU also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 0.93, a Stop Loss order could be placed below this zone.
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0.46
We found 4 important support areas.
- A support zone ranging from 0.93 to 0.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.68 from a trend line in the daily time frame.
- Support @0.53 from a trend line in the daily time frame.
- Support @0.46 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @0.99 from a trend line in the daily time frame.
- Resistance @1.06 from a horizontal line 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 | NEUTRAL | NEUTRAL | The short term trend for ECU.CA is neutral. |
| ChartMill Relative Strength | 88.41 | POSITIVE | ECU.CA has a high relative strength, it outperformed 88.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ECU.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ECU.CA is above 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) | 52.98 | 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) | 40.74 | NEUTRAL | The Stochastics value for ECU.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.69 | MEDIUM VOLATILITY | The ATR as a percentage value for ECU.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 17.99 | NEGATIVE | The low ADX value for ECU.CA suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 1.00 | 0.93 | 0.07 (7.00%) | 14.29% |
| An entry @1.00. This is a Buy Stop order right above the resistance zone. | An exit @0.93. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.07 points, which is 7.00%. | When investing 14.29% 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:ECU (12/4/2025, 7:00:00 PM)
0.99
-0.01 (-1%)
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 9 / 10 to ECU.CA.
What is the current trend direction of ELEMENT 29 RESOURCES INC (ECU.CA) stock?
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 52.9791. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for ELEMENT 29 RESOURCES INC?
ELEMENT 29 RESOURCES INC (ECU.CA) has a support level at 0.93 and a resistance level at 0.99. Check the full technical report for our detailed analysis of ECU.CA support and resistance levels.