METALEX VENTURES LTD (MTX.CA) Stock Technical Analysis
TSX-V:MTX - TSX Venture Exchange - CA5909152038 - Common Stock - Currency: CAD
Overall MTX gets a technical rating of 7 out of 10. In the last year, MTX was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
MTX is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MTX is performing more or less in line with the market.
Looking at the yearly performance, MTX did better than 82% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
MTX is an average performer in the Metals & Mining industry, it outperforms 62% of 797 stocks in the same industry.
In the last month MTX has a been trading in the 0.02 - 0.03 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although MTX has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
0.01
0.03
2 important support areas can be observed.
- A support zone ranging from 0.02 to 0.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.01 to 0.01. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.03 to 0.03. 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 | NEUTRAL | NEUTRAL | The long term trend for MTX.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MTX.CA is up. |
| ChartMill Relative Strength | 82.38 | POSITIVE | MTX.CA has a high relative strength, it outperformed 82.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MTX.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MTX.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MTX.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.77 | NEUTRAL | The RSI value for MTX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MTX.CA has a positive trend. |
| Stochastics (14,3) | 50 | NEUTRAL | The Stochastics value for MTX.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 8 | HIGH VOLATILITY | The high ATR as a percentage value for MTX.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 20.93 | NEUTRAL | The ADX value for MTX.CA suggests a possible start of a new trend. |
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:MTX (8/1/2025, 7:00:00 PM)
0.025
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0%
1 Week25%
2 Weeks0%
1 Month25%
3 Month0%
6 Month25%
12 Month66.67%
2 Year0%
3 Year-61.54%
5 Year-44.44%
10 Year-50%
15 Year-96.99%
Volatility
ATR(14)0
ATR(20)%8%
ATR Inc-100%
Range Today0
ADR(20)0
ADR(20)%6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.38
Mansfield2.91
10 Day High0.03
10 Day Low0.02
20 Day High0.03
20 Day Low0.02
52 Week High0.03
52 Week Low0.01
CS1 End0.02
CR1 Start0.03
Volume & EV
DER(3)0%
DER(5)0%
Volume1.00K
Volume Incr-98.18%
Vol(5)7.00K
Vol(50)183.70K