PREMIUM RESOURCES LTD (PREM.CA) Stock Technical Analysis
Canada - TSX-V:PREM - CA74061L1040 - Common Stock
7.69 CAD
-0.21 (-2.66%)
We assign a technical rating of 1 out of 10 to PREM. PREM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, PREM is a bad performer in the overall market: 100% of all stocks are doing better.
PREM is one of the lesser performing stocks in the Metals & Mining industry. 93% of 805 stocks in the same industry do better.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
In the last month PREM has a been trading in the 7.46 - 8.65 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, PREM does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
6.80
8.53
3 important support areas can be observed.
- Support @7.25 from a trend line in the weekly time frame.
- Support @7.13 from a horizontal line in the weekly time frame.
- Support @6.87 from a trend line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @7.70 from a trend line in the daily time frame.
- A resistance zone ranging from 7.87 to 7.94. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 8.45 to 8.45. 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 PREM.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PREM.CA is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | PREM.CA has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PREM.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of PREM.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PREM.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.32 | NEUTRAL | The RSI value for PREM.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests PREM.CA has a negative trend. |
| Stochastics (14,3) | 23.75 | NEUTRAL | The Stochastics value for PREM.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.91 | MEDIUM VOLATILITY | The ATR as a percentage value for PREM.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 21.07 | NEUTRAL | The ADX value for PREM.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:PREM (10/3/2025, 7:00:00 PM)
7.69
-0.21 (-2.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-2.66%
1 Week-2.29%
2 Weeks-3.63%
1 Month-0.13%
3 Month-31.95%
6 Month5.34%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.37
ATR(20)%4.91%
ATR Inc-26.32%
Range Today0.33
ADR(20)0.36
ADR(20)%4.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
3 months CRSN/A
6 months CRSN/A
Mansfield-30
10 Day High8.38
10 Day Low7.6
20 Day High8.65
20 Day Low7.46
52 Week HighN/A
52 Week LowN/A
CS1 End7.25
CR1 Start7.7
Volume & EV
DER(3)0%
DER(5)0%
Volume78.59K
Volume Incr0.02%
Vol(5)81.43K
Vol(50)85.55K