HIGHBANK RESOURCES LTD (HBK.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:HBK - CA42982U2065 - Common Stock
Taking everything into account, HBK scores 1 out of 10 in our technical rating. HBK has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- HBK is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- Warning: HBK has an average volume of 18750 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- In the last month HBK has a been trading in the 0.01 - 0.01 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the yearly performance of all stocks, we notice that HBK is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- HBK is an average performer in the Metals & Mining industry, it outperforms 44% of 817 stocks in the same industry.
Although the technical rating is bad, HBK does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 0.01, a Stop Loss order could be placed below this zone.
More info and screens
0.01
When analyzing the support we notice one important area.
- A support zone ranging from 0.01 to 0.01. 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 one important area.
- Resistance @0.03 from a horizontal line in the weekly 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 HBK.CA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HBK.CA is neutral. |
| ChartMill Relative Strength | 79.97 | POSITIVE | HBK.CA has a high relative strength, it outperformed 79.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of HBK.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of HBK.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of HBK.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.24 | NEUTRAL | The RSI value for HBK.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests HBK.CA has a positive trend. |
| Stochastics (14,3) | 66.67 | NEUTRAL | The Stochastics value for HBK.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 18.33 | HIGH VOLATILITY | The high ATR as a percentage value for HBK.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 43.76 | POSITIVE | The high ADX value value for HBK.CA suggests a strong trend. |
TSX-V:HBK (4/10/2025, 7:00:00 PM)
0.015
0 (0%)
HIGHBANK RESOURCES LTD / HBK.CA FAQ
What is the ChartMill technical rating of HIGHBANK RESOURCES LTD (HBK.CA) stock?
ChartMill assigns a technical rating of 1 / 10 to HBK.CA.
Can you provide the trend direction for HIGHBANK RESOURCES LTD?
The current trend direction for HIGHBANK RESOURCES LTD (HBK.CA) is Bearish.
What is the RSI signal for HIGHBANK RESOURCES LTD (HBK.CA) stock?
HIGHBANK RESOURCES LTD (HBK.CA) has an RSI value of 52.2386. This indicates that the stock is currently neutral.
Can you provide the MACD signal for HIGHBANK RESOURCES LTD?
The MACD indicator for HIGHBANK RESOURCES LTD (HBK.CA) has a value of 0.000148516, indicating a bearish trend.