RZZ Technical Analysis - Abitibi Royalties Inc

Technical Rating and Analysis

We assign a technical rating of 6 out of 10 to RZZ. In the last year, RZZ was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.

In the last month RZZ has a been trading in the 26.50 - 29.75 range, which is quite wide. It is currently trading near the lows of this range.

Warning: RZZ has an average volume of 8577 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

RZZ is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so RZZ is performing more or less in line with the market.

The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.

When comparing the performance of all stocks over the past year, RZZ turns out to be only a medium performer in the overall market: it outperformed 50% of all stocks.

RZZ is part of the Metals & Mining industry. There are 808 other stocks in this industry, RZZ did better than 48% of them.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Abitibi Royalties Inc / RZZ Weekly stock chart

Abitibi Royalties Inc / RZZ Daily stock chart

Setup Rating and Analysis

RZZ has an average technical rating and it also 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

23.41

29.33

We found 2 important support areas.

A support zone ranging from 26.99 to 26.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @23.65 from a horizontal line in the daily time frame.

We can see 2 important resistance areas.

Resistance @28.50 from a horizontal line in the daily time frame.
A resistance zone ranging from 29.04 to 29.04. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Technical Indicator Signal Analysis

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 RZZ.CA is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for RZZ.CA is down.
ChartMill Relative Strength	50.84	NEUTRAL	RZZ.CA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of RZZ.CA is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of RZZ.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of RZZ.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	44.75	NEUTRAL	The RSI value for RZZ.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.32	NEGATIVE	The MACD value suggests RZZ.CA has a negative trend.
Stochastics (14,3)	7.22	OVERSOLD	The low Stochastics value suggests RZZ.CA may be oversold.
Average True Range in percent/ATR (20)	2.59	MEDIUM VOLATILITY	The ATR as a percentage value for RZZ.CA suggests some volalility.