Osisko Mining Inc (OSK.CA) Stock Technical Analysis
Canada - TSX:OSK - CA6882811046 - Common Stock
We assign a technical rating of 10 out of 10 to OSK. Both in the recent history as in the last year, OSK has proven to be a steady performer, scoring decent points in every aspect analyzed.
OSK has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 4.91. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.89, a Stop Loss order could be placed below this zone.
More info and screens
2.44
When analyzing the support we can see 5 important areas.
- A support zone ranging from 4.79 to 4.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.14 to 3.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.98 from a trend line in the daily time frame.
- Support @2.70 from a horizontal line in the daily time frame.
- Support @2.46 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 4.91 to 4.91. 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 | UP | POSITIVE | The long term trend for OSK.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OSK.CA is up. |
| ChartMill Relative Strength | 92.68 | POSITIVE | OSK.CA has a high relative strength, it outperformed 92.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OSK.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OSK.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OSK.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.83 | NEUTRAL | The RSI value for OSK.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests OSK.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 91.67 | OVERBOUGHT | The high Stochastics value suggests OSK.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.35 | LOW VOLATILITY | The low ATR as a percentage value for OSK.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 60.59 | POSITIVE | The high ADX value value for OSK.CA suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 4.92 | 4.86 | 0.06 (1.22%) | 25.00% |
| An entry @4.92. This is a Buy Stop order right above the resistance zone. | An exit @4.86. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.06 points, which is 1.22%. | For a 0.30% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:OSK (10/29/2024, 7:00:00 PM)
4.9
0 (0%)
Osisko Mining Inc / OSK.CA FAQ
What is the ChartMill technical rating of Osisko Mining Inc (OSK.CA) stock?
ChartMill assigns a technical rating of 10 / 10 to OSK.CA.
What is the trend direction for OSK stock?
The current trend direction for Osisko Mining Inc (OSK.CA) is Bullish.
What is the RSI signal for Osisko Mining Inc (OSK.CA) stock?
Osisko Mining Inc (OSK.CA) has an RSI value of 68.8341. This indicates that the stock is currently neutral.
What is the MACD signal for Osisko Mining Inc (OSK.CA) stock?
The MACD indicator for Osisko Mining Inc (OSK.CA) has a value of -0.0113668, indicating a bearish trend.
Can you provide the buy/sell signal for Osisko Mining Inc?
The buy/sell signal for Osisko Mining Inc (OSK.CA) is buy as both the short term and long term trends are positive.