ELEMENT 29 RESOURCES INC (ECU.CA) Stock Technical Analysis
Canada - TSX-V:ECU - CA28619M1059 - Common Stock
0.97 CAD
-0.03 (-3%)
We assign a technical rating of 10 out of 10 to ECU. 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.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that ECU is one of the better performing stocks in the market, outperforming 95% of all stocks. On top of that, ECU also shows a nice and consistent pattern of rising prices.
ECU is one of the better performing stocks in the Metals & Mining industry, it outperforms 89% of 818 stocks in the same industry.
ECU is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month ECU has a been trading in the 0.53 - 1.00 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although ECU has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.46
0.98
When analyzing the support we can see 4 important areas.
- Support @0.61 from a trend line in the daily time frame.
- Support @0.57 from a trend line in the daily time frame.
- A support zone ranging from 0.48 to 0.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.46 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 | UP | POSITIVE | The short term trend for ECU.CA is up. |
| ChartMill Relative Strength | 95.76 | POSITIVE | ECU.CA has a high relative strength, it outperformed 95.76% 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) | 78.12 | OVERBOUGHT | The high RSI value suggests ECU.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests ECU.CA has a positive trend. |
| Stochastics (14,3) | 94.92 | OVERBOUGHT | The high Stochastics value suggests ECU.CA may be overbought. |
| Average True Range in percent/ATR (20) | 7.37 | HIGH VOLATILITY | The high ATR as a percentage value for ECU.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 28.45 | POSITIVE | The high ADX value value for ECU.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:ECU (10/9/2025, 7:00:00 PM)
0.97
-0.03 (-3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-3%
1 Week44.78%
2 Weeks59.02%
1 Month94%
3 Month90.2%
6 Month185.29%
12 Month288%
2 Year743.48%
3 Year304.17%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%7.37%
ATR Inc168.61%
Range Today0.08
ADR(20)0.06
ADR(20)%5.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.76
Mansfield7.37
10 Day High1
10 Day Low0.62
20 Day High1
20 Day Low0.53
52 Week High1
52 Week Low0.25
CS1 End0.61
CR1 StartN/A
Volume & EV
DER(3)0%
DER(5)0%
Volume187.68K
Volume Incr-8.14%
Vol(5)84.26K
Vol(50)76.92K