EON LITHIUM CORP (EON.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:EON - CA26877T1012 - Common Stock
Overall EON gets a technical rating of 0 out of 10. EON'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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 96% of all other stocks performed better in the past year than EON.
- EON is part of the Metals & Mining industry. There are 820 other stocks in this industry, of which 91% are performing better than EON.
- EON is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month EON has a been trading in the 0.02 - 0.04 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The technical rating of EON is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.02
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 0.03 to 0.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.04 to 0.04. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The long term trend for EON.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EON.CA is down. |
| ChartMill Relative Strength | 4.72 | NEGATIVE | EON.CA has a low relative strength, it was outperformed by 95.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EON.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EON.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EON.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 27.08 | OVERSOLD | The low RSI value suggests EON.CA may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests EON.CA has a negative trend. |
| Average True Range in percent/ATR (20) | 11.25 | HIGH VOLATILITY | The high ATR as a percentage value for EON.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 16.28 | NEGATIVE | The low ADX value for EON.CA suggests a weak or negative trend. |
TSX-V:EON (5/6/2025, 7:00:00 PM)
0.02
-0.01 (-20%)
EON LITHIUM CORP / EON.CA FAQ
What is the ChartMill technical rating of EON LITHIUM CORP (EON.CA) stock?
ChartMill assigns a technical rating of 0 / 10 to EON.CA.
What is the current trend direction of EON LITHIUM CORP (EON.CA) stock?
The current trend direction for EON LITHIUM CORP (EON.CA) is Bearish.
What is the RSI signal for EON LITHIUM CORP (EON.CA) stock?
EON LITHIUM CORP (EON.CA) has an RSI value of 27.0757. This indicates that the stock is currently oversold.
Can you provide the buy/sell signal for EON LITHIUM CORP?
The buy/sell signal for EON LITHIUM CORP (EON.CA) is sell as both the short term and long term trends are negative.
What is the support and resistance level for EON stock?
EON LITHIUM CORP (EON.CA) has a resistance level at 0.03. Check the full technical report for our detailed analysis of EON.CA support and resistance levels.