NICKEL ROCK RESOURCES INC (NICL.CA) Technical Analysis
TSX-V:NICL • CA6540141091
Current stock price
NICL.CA Technical Rating and Analysis
Overall NICL gets a technical rating of 6 out of 10. In the last year, NICL was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month NICL has a been trading in the 0.09 - 0.14 range, which is quite wide. It is currently trading near the lows of this range.
- NICL is one of the better performing stocks in the Metals & Mining industry, it outperforms 89% of 795 stocks in the same industry.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- When comparing the yearly performance of all stocks, we notice that NICL is one of the better performing stocks in the market, outperforming 95% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- NICL is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NICL is lagging the market slightly.
- Considerably lower volume is observed in the last couple of days.
NICL.CA Weekly and Daily overview Charts
NICL.CA Setup Rating and Analysis
NICL has an average technical rating and it also 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
NICL.CA Support and Resistance Analysis
0.09
We can see 2 important resistance areas.
- A resistance zone ranging from 0.10 to 0.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.13 from a trend line in the weekly time frame.
NICL.CA Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for NICL.CA is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NICL.CA is down. |
| ChartMill Relative Strength | 95.89 | POSITIVE | NICL.CA has a high relative strength, it outperformed 95.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NICL.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of NICL.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NICL.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.95 | NEUTRAL | The RSI value for NICL.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests NICL.CA has a negative trend. |
| Stochastics (14,3) | 33.33 | NEUTRAL | The Stochastics value for NICL.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 9.47 | HIGH VOLATILITY | The high ATR as a percentage value for NICL.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 18.27 | NEGATIVE | The low ADX value for NICL.CA suggests a weak or negative trend. |
NICL.CA Chart- and CandleStick Pattern Analysis
NICL.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX-V:NICL (8/24/2023, 7:00:00 PM)
0.095
-0.01 (-9.52%)
NICKEL ROCK RESOURCES INC / NICL.CA TA FAQ
Can you provide the ChartMill technical rating for NICKEL ROCK RESOURCES INC?
ChartMill assigns a technical rating of 5 / 10 to NICL.CA.
What is the current trend direction of NICKEL ROCK RESOURCES INC (NICL.CA) stock?
The current trend direction for NICKEL ROCK RESOURCES INC (NICL.CA) is Bullish.
Can you provide the RSI signal for NICKEL ROCK RESOURCES INC?
NICKEL ROCK RESOURCES INC (NICL.CA) has an RSI value of 37.9502. This indicates that the stock is currently neutral.
What is the MACD signal for NICKEL ROCK RESOURCES INC (NICL.CA) stock?
The MACD indicator for NICKEL ROCK RESOURCES INC (NICL.CA) has a value of -0.00226338, indicating a bearish trend.
Can you provide the support and resistance levels for NICKEL ROCK RESOURCES INC?
NICKEL ROCK RESOURCES INC (NICL.CA) has a resistance level at 0.1. Check the full technical report for our detailed analysis of NICL.CA support and resistance levels.