ROUTE 109 RESOURCES INC (RTE.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:RTE - CA7792911033 - Common Stock
Overall RTE gets a technical rating of 8 out of 10. In the last year, RTE was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
- Warning: RTE has an average volume of 23491 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- When comparing the yearly performance of all stocks, we notice that RTE is one of the better performing stocks in the market, outperforming 79% of all stocks.
- RTE is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month RTE has a been trading in the 0.10 - 0.14 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although RTE has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.10
2 important support areas can be observed.
- A support zone ranging from 0.12 to 0.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.10 to 0.10. 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 | NEUTRAL | NEUTRAL | The long term trend for RTE.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RTE.CA is up. |
| ChartMill Relative Strength | 79.82 | POSITIVE | RTE.CA has a high relative strength, it outperformed 79.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RTE.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RTE.CA is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 62.92 | NEUTRAL | The RSI value for RTE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests RTE.CA has a positive trend. |
| Stochastics (14,3) | 100 | OVERBOUGHT | The high Stochastics value suggests RTE.CA may be overbought. |
| Average True Range in percent/ATR (20) | 4.83 | MEDIUM VOLATILITY | The ATR as a percentage value for RTE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 16.95 | NEGATIVE | The low ADX value for RTE.CA suggests a weak or negative trend. |
TSX-V:RTE (1/16/2026, 7:00:00 PM)
0.145
+0 (+3.57%)
ROUTE 109 RESOURCES INC / RTE.CA FAQ
What is the ChartMill technical rating of ROUTE 109 RESOURCES INC (RTE.CA) stock?
ChartMill assigns a technical rating of 8 / 10 to RTE.CA.
Can you provide the trend direction for ROUTE 109 RESOURCES INC?
The current trend direction for ROUTE 109 RESOURCES INC (RTE.CA) is Bearish.
What is the RSI signal for RTE stock?
ROUTE 109 RESOURCES INC (RTE.CA) has an RSI value of 62.9209. This indicates that the stock is currently neutral.
What is the MACD signal for ROUTE 109 RESOURCES INC (RTE.CA) stock?
The MACD indicator for ROUTE 109 RESOURCES INC (RTE.CA) has a value of 0.00341695, indicating a bearish trend.