EMERITA RESOURCES CORP (EMO.CA) Stock Technical Analysis
TSX-V:EMO - CA29102L4064 - Common Stock
We assign a technical rating of 4 out of 10 to EMO. Although EMO is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
EMO has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 1.21. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.13, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for EMO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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0.87
5 important support areas can be observed.
- A support zone ranging from 1.11 to 1.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.09 to 1.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.04 from a trend line in the daily time frame.
- Support @1.02 from a horizontal line in the daily time frame.
- Support @0.88 from a trend line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 1.21 to 1.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.30 from a trend line in the weekly time frame.
- Resistance @1.35 from a trend line in the daily time frame.
- Resistance @1.48 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 | NEUTRAL | NEUTRAL | The long term trend for EMO.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EMO.CA is neutral. |
| ChartMill Relative Strength | 86.89 | POSITIVE | EMO.CA has a high relative strength, it outperformed 86.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EMO.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EMO.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of EMO.CA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.57 | NEUTRAL | The RSI value for EMO.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests EMO.CA has a positive trend. |
| Stochastics (14,3) | 89.47 | OVERBOUGHT | The high Stochastics value suggests EMO.CA may be overbought. |
| Average True Range in percent/ATR (20) | 5.88 | HIGH VOLATILITY | The high ATR as a percentage value for EMO.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 21.93 | NEUTRAL | The ADX value for EMO.CA suggests a possible start of a new trend. |
TSX-V:EMO (8/29/2025, 7:00:00 PM)
1.2
+0.04 (+3.45%)