REYNA GOLD CORP (REYG.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:REYG - CA76170R1047 - Common Stock
Taking everything into account, REYG scores 8 out of 10 in our technical rating. REYG has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
- Both the short term and long term trends are positive. This is a very positive sign.
- In the last month REYG has a been trading in the 0.04 - 0.05 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- When comparing the yearly performance of all stocks, we notice that REYG is one of the better performing stocks in the market, outperforming 83% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- REYG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so REYG is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
REYG 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 very little resistance above the current price.
More info and screens
0.04
When analyzing the support we notice one important area.
- A support zone ranging from 0.04 to 0.04. This zone is formed by a combination of multiple trend lines and important moving averages 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 REYG.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for REYG.CA is up. |
| ChartMill Relative Strength | 83.94 | POSITIVE | REYG.CA has a high relative strength, it outperformed 83.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of REYG.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of REYG.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of REYG.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.87 | NEUTRAL | The RSI value for REYG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests REYG.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.89 | OVERBOUGHT | The high Stochastics value suggests REYG.CA may be overbought. |
| Average True Range in percent/ATR (20) | 7 | HIGH VOLATILITY | The high ATR as a percentage value for REYG.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 10.75 | NEGATIVE | The low ADX value for REYG.CA suggests a weak or negative trend. |
TSX-V:REYG (10/30/2024, 7:00:00 PM)
0.05
0 (0%)
REYNA GOLD CORP / REYG.CA FAQ
What is the ChartMill technical rating of REYNA GOLD CORP (REYG.CA) stock?
ChartMill assigns a technical rating of 8 / 10 to REYG.CA.
Can you provide the trend direction for REYNA GOLD CORP?
The current trend direction for REYNA GOLD CORP (REYG.CA) is Bullish.
What is the RSI signal for REYNA GOLD CORP (REYG.CA) stock?
REYNA GOLD CORP (REYG.CA) has an RSI value of 60.8673. This indicates that the stock is currently neutral.
What is the MACD signal for REYNA GOLD CORP (REYG.CA) stock?
The MACD indicator for REYNA GOLD CORP (REYG.CA) has a value of 0.000808239, indicating a bearish trend.
Can you provide the buy/sell signal for REYNA GOLD CORP?
The buy/sell signal for REYNA GOLD CORP (REYG.CA) is buy as both the short term and long term trends are positive.