ELEMENT 29 RESOURCES INC (ECU.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:ECU - CA28619M1059 - Common Stock
We assign a technical rating of 10 out of 10 to ECU. Both in the recent history as in the last year, ECU has proven to be a steady performer, scoring decent points in every aspect analyzed.
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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0.54
5 important support areas can be observed.
- A support zone ranging from 1.01 to 1.02. 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 0.93 to 0.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.77 from a trend line in the weekly time frame.
- Support @0.72 from a trend line in the daily time frame.
- Support @0.55 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.08 to 1.09. 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 ECU.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ECU.CA is up. |
| ChartMill Relative Strength | 87.64 | POSITIVE | ECU.CA has a high relative strength, it outperformed 87.64% 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) | 61.46 | NEUTRAL | The RSI value for ECU.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ECU.CA has a positive trend. |
| Stochastics (14,3) | 72.98 | NEUTRAL | The Stochastics value for ECU.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.52 | MEDIUM VOLATILITY | The ATR as a percentage value for ECU.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 20.65 | NEUTRAL | The ADX value for ECU.CA suggests a possible start of a new trend. |
TSX-V:ECU (12/24/2025, 7:00:00 PM)
1.08
+0.04 (+3.85%)
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 10 / 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 61.462. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for ELEMENT 29 RESOURCES INC?
The buy/sell signal for ELEMENT 29 RESOURCES INC (ECU.CA) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for ELEMENT 29 RESOURCES INC (ECU.CA) stock?
ELEMENT 29 RESOURCES INC (ECU.CA) has a support level at 1.02 and a resistance level at 1.08. Check the full technical report for our detailed analysis of ECU.CA support and resistance levels.