Osisko Mining Inc (OSK.CA) Stock Technical Analysis
TSX:OSK - Toronto Stock Exchange - CA6882811046 - Common Stock - Currency: CAD
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.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that OSK is one of the better performing stocks in the market, outperforming 92% of all stocks.
OSK is part of the Metals & Mining industry. There are 809 other stocks in this industry. OSK outperforms 82% of them.
OSK is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so OSK is leading the market.
OSK has an average volume of 2330810 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month OSK has a been trading in a tight range between 4.86 and 4.90.
Besides having an excellent technical rating, OSK also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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
4.96
5 important support areas can be observed.
- 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.
We found 1 important resistance 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. |
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)
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 worst case loss on the trade is limited to 0.06 points, which is 1.22%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.30%. |
- 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%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0%
1 Week0%
2 Weeks0.41%
1 Month0.62%
3 Month54.09%
6 Month69.55%
12 Month73.76%
2 Year72.54%
3 Year83.52%
5 Year75.63%
10 Year-86.39%
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%0.35%
ATR Inc-45.1%
Range Today0.01
ADR(20)0.02
ADR(20)%0.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.68
Mansfield3.4
10 Day High4.9
10 Day Low4.87
20 Day High4.9
20 Day Low4.86
52 Week High4.9
52 Week Low2.41
CS1 End4.89
CR1 Start4.91
Volume & EV
DER(3)-1.06%
DER(5)-1.98%
Volume421.67K
Volume Incr266.03%
Vol(5)3.14M
Vol(50)2.33M