RELEVIUM TECHNOLOGIES INC (RLV.CA) Stock Technical Analysis
TSX-V:RLV • CA75942W1023
We assign a technical rating of 3 out of 10 to RLV. Recently some decent action could be observed, but in the medium term time frame this is still negative. RLV was also a bad performer in the overall market in the last year.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 71% of all other stocks performed better in the past year than RLV.
- RLV is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month RLV has a been trading in the 0.01 - 0.03 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
RLV has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 0.02, a Stop Loss order could be placed below this zone.
More info and screens
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We found 2 important support areas.
- 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.
- A support zone ranging from 0.01 to 0.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @0.02 from a trend line in the daily time frame.
- A resistance zone ranging from 0.03 to 0.03. This zone is formed by a combination of multiple trend lines 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 RLV.CA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RLV.CA is neutral. |
| ChartMill Relative Strength | 29.91 | NEGATIVE | RLV.CA has a low relative strength, it was outperformed by 70.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RLV.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RLV.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RLV.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.74 | NEUTRAL | The RSI value for RLV.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests RLV.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.56 | NEUTRAL | The Stochastics value for RLV.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 27.5 | HIGH VOLATILITY | The high ATR as a percentage value for RLV.CA suggests high volalility. |
TSX-V:RLV (1/7/2022, 7:00:00 PM)
0.02
0 (0%)
RELEVIUM TECHNOLOGIES INC / RLV.CA FAQ
What is the ChartMill technical rating of RELEVIUM TECHNOLOGIES INC (RLV.CA) stock?
ChartMill assigns a technical rating of 3 / 10 to RLV.CA.
What is the current trend direction of RELEVIUM TECHNOLOGIES INC (RLV.CA) stock?
The current trend direction for RELEVIUM TECHNOLOGIES INC (RLV.CA) is Bearish.
What is the RSI signal for RLV stock?
RELEVIUM TECHNOLOGIES INC (RLV.CA) has an RSI value of 52.7409. This indicates that the stock is currently neutral.
What is the support and resistance level for RLV stock?
RELEVIUM TECHNOLOGIES INC (RLV.CA) has a support level at 0.02 and a resistance level at 0.02. Check the full technical report for our detailed analysis of RLV.CA support and resistance levels.