RUSORO MINING LTD (RML.CA) Stock Technical Analysis
TSX-V:RML • CA7822271028
Overall RML gets a technical rating of 3 out of 10. RML has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- RML is part of the Metals & Mining industry. There are 816 other stocks in this industry, of which 79% are performing better than RML.
- RML is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When compared to the yearly performance of all other stocks, RML outperforms 50% of them, which is more or less in line with the market.
- RML is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RML is lagging the market slightly.
- Considerably lower volume is observed in the last couple of days.
RML has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.10. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for RML in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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4 important support areas can be observed.
- Support @1.04 from a trend line in the daily time frame.
- A support zone ranging from 1.01 to 1.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.93 from a horizontal line in the weekly time frame.
- Support @0.89 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.10 to 1.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.21 from a horizontal line in the daily time frame.
- A resistance zone ranging from 1.31 to 1.32. 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 RML.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RML.CA is neutral. |
| ChartMill Relative Strength | 50.22 | NEUTRAL | RML.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RML.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of RML.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of RML.CA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.35 | NEUTRAL | The RSI value for RML.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests RML.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 38.46 | NEUTRAL | The Stochastics value for RML.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.14 | HIGH VOLATILITY | The high ATR as a percentage value for RML.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 20.98 | NEUTRAL | The ADX value for RML.CA suggests a possible start of a new trend. |
TSX-V:RML (3/2/2026, 7:00:00 PM)
1.05
-0.02 (-1.87%)
RUSORO MINING LTD / RML.CA FAQ
What is the technical rating for RML stock?
ChartMill assigns a technical rating of 3 / 10 to RML.CA.
What is the trend direction for RML stock?
The current trend direction for RUSORO MINING LTD (RML.CA) is Bearish.
What is the RSI signal for RML stock?
RUSORO MINING LTD (RML.CA) has an RSI value of 43.3504. This indicates that the stock is currently neutral.
What is the short term momentum for RML stock?
The short term momentum for RUSORO MINING LTD (RML.CA) is neutral.
What is the support and resistance level for RML stock?
RUSORO MINING LTD (RML.CA) has a support level at 1.04 and a resistance level at 1.1. Check the full technical report for our detailed analysis of RML.CA support and resistance levels.