ELECTRIC ROYALTIES LTD (ELEC.CA) Stock Technical Analysis
TSX-V:ELEC - TSX Venture Exchange - CA28500L1094 - Common Stock - Currency: CAD
Overall ELEC gets a technical rating of 0 out of 10. ELEC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, ELEC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 0.14. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.13, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
0.13
When analyzing the support we notice one important area.
- A support zone ranging from 0.13 to 0.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 0.14 to 0.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.16 from a trend line in the weekly time frame.
- Resistance @0.21 from a trend line in the daily time frame.
- Resistance @0.23 from a horizontal line in the weekly time frame.
TSX-V:ELEC (5/9/2025, 7:00:00 PM)
0.135
+0.01 (+8%)