RUSORO MINING LTD (RML.CA) Stock Technical Analysis
TSX-V:RML - TSX Venture Exchange - CA7822271028 - Common Stock - Currency: CAD
Taking everything into account, RML scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, RML has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month RML has a been trading in the 0.79 - 1.25 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 RML is one of the better performing stocks in the market, outperforming 81% of all stocks. However, this relatively good performance is mostly due to a recent big move.
RML is part of the Metals & Mining industry. There are 797 other stocks in this industry, RML did better than 62% of them.
RML is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RML 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.
Although RML has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
0.58
1.19
When analyzing the support we can see 3 important areas.
- A support zone ranging from 0.98 to 0.98. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @0.62 from a trend line in the daily time frame.
- Support @0.59 from a trend line in the weekly 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 | UP | POSITIVE | The long term trend for RML.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RML.CA is up. |
| ChartMill Relative Strength | 81.65 | POSITIVE | RML.CA has a high relative strength, it outperformed 81.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RML.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RML.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of RML.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 71.4 | OVERBOUGHT | The high RSI value suggests RML.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests RML.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.64 | OVERBOUGHT | The high Stochastics value suggests RML.CA may be overbought. |
| Average True Range in percent/ATR (20) | 5.93 | HIGH VOLATILITY | The high ATR as a percentage value for RML.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 33.64 | POSITIVE | The high ADX value value for RML.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)
TSX-V:RML (7/4/2025, 7:00:00 PM)
1.18
-0.03 (-2.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-2.48%
1 Week14.56%
2 Weeks24.21%
1 Month24.21%
3 Month73.53%
6 Month57.33%
12 Month-7.09%
2 Year171.26%
3 Year1473.33%
5 Year2850%
10 Year3271.43%
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%5.93%
ATR Inc23.15%
Range Today0.12
ADR(20)0.06
ADR(20)%5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.65
Mansfield1.47
10 Day High1.25
10 Day Low0.9
20 Day High1.25
20 Day Low0.79
52 Week High1.54
52 Week Low0.55
CS1 End0.98
CR1 StartN/A
Volume & EV
DER(3)-8.58%
DER(5)-2.43%
Volume270.40K
Volume Incr205.09%
Vol(5)702.03K
Vol(50)190.91K