SEABRIDGE GOLD INC (SA) Stock Technical Analysis
NYSE:SA - New York Stock Exchange, Inc. - CA8119161054 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to SA. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SA is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that SA is one of the better performing stocks in the market, outperforming 70% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
SA is an average performer in the Metals & Mining industry, it outperforms 43% of 156 stocks in the same industry.
SA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SA is lagging the market.
In the last month SA has a been trading in the 15.11 - 17.14 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
SA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
9.83
17.19
When analyzing the support we can see 2 important areas.
- A support zone ranging from 15.19 to 15.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.93 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 16.21 to 16.27. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 16.62 to 16.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @17.02 from a horizontal line 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 | UP | POSITIVE | The long term trend for SA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SA is up. |
| ChartMill Relative Strength | 70.5 | POSITIVE | SA has a high relative strength, it outperformed 70.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.2 | NEUTRAL | The RSI value for SA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests SA has a negative trend. |
| Stochastics (14,3) | 77.05 | NEUTRAL | The Stochastics value for SA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.3 | MEDIUM VOLATILITY | The ATR as a percentage value for SA suggests some volalility. |
| Average Directional Index/ADX (14) | 18.22 | NEGATIVE | The low ADX value for SA 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 16.72 | 16.20 | 0.52 (3.11%) | 25.00% |
| An entry @16.72. This is a Buy Stop order right above the resistance zone. | An exit @16.20. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.52 points, which is 3.11%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.78%. |
- The distance between exit and entry is rather small compared to the average daily movement of SA. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
16.19
-0.06 (-0.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.37%
1 Week-3.33%
2 Weeks-1.22%
1 Month-4.52%
3 Month32.98%
6 Month43.81%
12 Month-11.3%
2 Year38.3%
3 Year34.41%
5 Year-14.56%
10 Year153.91%
15 Year-45.91%
Volatility
ATR(14)0.54
ATR(20)%3.3%
ATR Inc0.99%
Range Today0.32
ADR(20)0.52
ADR(20)%3.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.5
Mansfield0.61
10 Day High17.08
10 Day Low15.78
20 Day High17.14
20 Day Low15.11
52 Week High20.55
52 Week Low9.4
CS1 End16.21
CR1 Start16.62
Volume & EV
DER(3)-0.23%
DER(5)-1.62%
Volume580.39K
Volume Incr68.96%
Vol(5)1.00M
Vol(50)689.69K