Planet Ventures Inc (PXI.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:PXI - CA7270532095 - Common Stock
Taking everything into account, PXI scores 2 out of 10 in our technical rating. In the past year, PXI was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is bad, PXI does present a nice setup opportunity. 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 0.03. Right above this resistance zone may be a good entry point.
More info and screens
0.02
When analyzing the support we notice one important area.
- A support zone ranging from 0.02 to 0.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 0.03 to 0.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.04 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for PXI.CA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PXI.CA is up. |
| ChartMill Relative Strength | 39.2 | NEUTRAL | PXI.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PXI.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of PXI.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PXI.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.9 | NEUTRAL | The RSI value for PXI.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests PXI.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 50 | NEUTRAL | The Stochastics value for PXI.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 9 | HIGH VOLATILITY | The high ATR as a percentage value for PXI.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 17.16 | NEGATIVE | The low ADX value for PXI.CA suggests a weak or negative trend. |
TSX-V:PXI (3/14/2024, 7:00:00 PM)
0.025
0 (0%)
Planet Ventures Inc / PXI.CA FAQ
What is the ChartMill technical rating of Planet Ventures Inc (PXI.CA) stock?
ChartMill assigns a technical rating of 2 / 10 to PXI.CA.
What is the trend direction for PXI stock?
The current trend direction for Planet Ventures Inc (PXI.CA) is Bearish.
What is the RSI signal for PXI stock?
Planet Ventures Inc (PXI.CA) has an RSI value of 50.903. This indicates that the stock is currently neutral.
What is the MACD signal for PXI stock?
The MACD indicator for Planet Ventures Inc (PXI.CA) has a value of 0.000299547, indicating a bearish trend.
What is the buy/sell signal for PXI stock?
The buy/sell signal for Planet Ventures Inc (PXI.CA) is hold as the short term and long term trends are mixed.