RHYOLITE RESOURCES LTD (RYE.CA) Stock Technical Analysis
TSX-V:RYE - TSX Venture Exchange - CA76243H1091 - Common Stock - Currency: CAD
Taking everything into account, RYE scores 6 out of 10 in our technical rating. Although RYE is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
In the last month RYE has a been trading in the 0.09 - 0.18 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that RYE is one of the better performing stocks in the market, outperforming 88% of all stocks. On top of that, RYE also shows a nice and consistent pattern of rising prices.
RYE is one of the better performing stocks in the Metals & Mining industry, it outperforms 72% of 808 stocks in the same industry.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
RYE 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 RYE is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
RYE has an average technical rating and also the quality of the setup is only medium 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
0.07
0.16
We found 3 important support areas.
- A support zone ranging from 0.10 to 0.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.08 from a trend line in the weekly time frame.
- A support zone ranging from 0.07 to 0.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 0.10 to 0.10. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance 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.
- Resistance @0.14 from a trend line in the daily time frame.
- Resistance @0.16 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 | NEUTRAL | NEUTRAL | The long term trend for RYE.CA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RYE.CA is down. |
| ChartMill Relative Strength | 88.32 | POSITIVE | RYE.CA has a high relative strength, it outperformed 88.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of RYE.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of RYE.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RYE.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.24 | NEUTRAL | The RSI value for RYE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests RYE.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.71 | OVERSOLD | The low Stochastics value suggests RYE.CA may be oversold. |
| Average True Range in percent/ATR (20) | 12.86 | HIGH VOLATILITY | The high ATR as a percentage value for RYE.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 16.76 | NEGATIVE | The low ADX value for RYE.CA suggests a weak or negative 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:RYE (6/19/2025, 7:00:00 PM)
0.1
-0.01 (-9.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-9.09%
1 Week-4.55%
2 Weeks-22.22%
1 Month5%
3 Month10.53%
6 Month31.25%
12 Month75%
2 Year90.91%
3 Year-68.18%
5 Year-47.5%
10 Year31.25%
15 Year-47.5%
Volatility
ATR(14)0.01
ATR(20)%12.86%
ATR Inc-80%
Range Today0
ADR(20)0.01
ADR(20)%8.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.32
Mansfield0.64
10 Day High0.13
10 Day Low0.1
20 Day High0.18
20 Day Low0.09
52 Week High0.2
52 Week Low0.06
CS1 End0.1
CR1 Start0.1
Volume & EV
DER(3)0%
DER(5)0%
Volume138.70K
Volume Incr-71.25%
Vol(5)62.20K
Vol(50)201.71K