EMX ROYALTY CORP (EMX) Stock Technical Analysis
NYSEARCA:EMX - NYSE Arca - CA26873J1075 - Common Stock - Currency: USD
Overall EMX gets a technical rating of 10 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, EMX is showing a nice and steady performance.
Besides having an excellent technical rating, EMX also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 3.14. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.04, 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.
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When analyzing the support we can see 4 important areas.
- A support zone ranging from 2.99 to 3.04. 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 2.90 to 2.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.82 from a trend line in the weekly time frame.
- Strong support @1.70 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 3.14 to 3.14. 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 EMX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EMX is up. |
| ChartMill Relative Strength | 93.61 | POSITIVE | EMX has a high relative strength, it outperformed 93.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EMX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EMX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EMX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.81 | NEUTRAL | The RSI value for EMX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests EMX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 54.83 | NEUTRAL | The Stochastics value for EMX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.57 | MEDIUM VOLATILITY | The ATR as a percentage value for EMX suggests some volalility. |
| Average Directional Index/ADX (14) | 50.06 | POSITIVE | The high ADX value value for EMX suggests a strong 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 |
|---|---|---|---|
| 3.15 | 2.98 | 0.17 (5.40%) | 18.53% |
| An entry @3.15. This is a Buy Stop order right above the resistance zone. | An exit @2.98. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.17 points, which is 5.40%. | For a 1.00% total portfolio risk, you can invest 18.53% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of EMX. Please evaluate whether better entry and exit points can be found.
- 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.
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