E3 METALS CORP (ETMC.CA) Stock Technical Analysis
TSX-V:ETMC - TSX Venture Exchange - CA29766W1023 - Common Stock
Taking everything into account, ETMC scores 3 out of 10 in our technical rating. Although ETMC 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.
In the last month ETMC has a been trading in the 2.12 - 2.86 range, which is quite wide. It is currently trading near the lows of this range.
ETMC is part of the Metals & Mining industry. There are 808 other stocks in this industry. ETMC outperforms 75% of them.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the yearly performance of all stocks, we notice that ETMC is one of the better performing stocks in the market, outperforming 89% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
ETMC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ETMC is lagging the market.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, ETMC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for ETMC 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.
More info and screens
1.75
2.79
When analyzing the support we can see 2 important areas.
- A support zone ranging from 2.17 to 2.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.77 from a trend line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 2.30 to 2.31. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 2.58 to 2.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.70 from a horizontal line in the weekly time frame.
- Resistance @2.76 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 ETMC.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ETMC.CA is neutral. |
| ChartMill Relative Strength | 89.97 | POSITIVE | ETMC.CA has a high relative strength, it outperformed 89.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ETMC.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ETMC.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ETMC.CA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.87 | NEUTRAL | The RSI value for ETMC.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ETMC.CA has a negative trend. |
| Stochastics (14,3) | 22.62 | NEUTRAL | The Stochastics value for ETMC.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 8.98 | HIGH VOLATILITY | The high ATR as a percentage value for ETMC.CA suggests high volalility. |
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:ETMC (7/22/2022, 7:00:00 PM)
2.21
-0.09 (-3.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-3.91%
1 Week1.38%
2 Weeks-7.92%
1 Month-12.99%
3 Month-10.53%
6 Month-7.14%
12 Month30%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%8.98%
ATR Inc-14.35%
Range Today0.13
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.97
Mansfield0.66
10 Day High2.68
10 Day Low2.12
20 Day High2.86
20 Day Low2.12
52 Week High3.49
52 Week Low1.59
CS1 End2.17
CR1 Start2.3
Volume & EV
DER(3)3.48%
DER(5)3.99%
Volume52.74K
Volume Incr-79.59%
Vol(5)54.45K
Vol(50)179.74K