METALLUM RESOURCES INC (MZN.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:MZN - CA59125A1030 - Common Stock
We assign a technical rating of 0 out of 10 to MZN. MZN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- 87% of all other stocks performed better in the past year than MZN.
- MZN is part of the Metals & Mining industry. There are 820 other stocks in this industry, of which 85% are performing better than MZN.
- MZN 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.
- In the last month MZN has a been trading in the 0.04 - 0.07 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.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
The technical rating of MZN 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
0.04
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 0.06 to 0.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.07 to 0.07. 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 MZN.CA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MZN.CA is down. |
| ChartMill Relative Strength | 13.09 | NEGATIVE | MZN.CA has a low relative strength, it was outperformed by 86.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MZN.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MZN.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MZN.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.19 | NEUTRAL | The RSI value for MZN.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MZN.CA has a negative trend. |
| Average True Range in percent/ATR (20) | 8.89 | HIGH VOLATILITY | The high ATR as a percentage value for MZN.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 11.26 | NEGATIVE | The low ADX value for MZN.CA suggests a weak or negative trend. |
TSX-V:MZN (8/24/2023, 7:00:00 PM)
0.045
-0.01 (-10%)
METALLUM RESOURCES INC / MZN.CA FAQ
What is the ChartMill technical rating of METALLUM RESOURCES INC (MZN.CA) stock?
ChartMill assigns a technical rating of 0 / 10 to MZN.CA.
What is the current trend direction of METALLUM RESOURCES INC (MZN.CA) stock?
The current trend direction for METALLUM RESOURCES INC (MZN.CA) is Bearish.
What is the RSI signal for MZN stock?
METALLUM RESOURCES INC (MZN.CA) has an RSI value of 38.1869. This indicates that the stock is currently neutral.
What is the short term momentum for MZN stock?
The short term momentum for METALLUM RESOURCES INC (MZN.CA) is negative.