SOUTH ATLANTIC GOLD INC (SAO.CA) Stock Technical Analysis
TSX-V:SAO - TSX Venture Exchange - CA83636L1013 - Common Stock - Currency: CAD
Taking everything into account, SAO scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, SAO is a bad performer.
68% of all other stocks performed better in the past year than SAO.
Both the short term and long term trends are positive. This is a very positive sign.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
SAO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SAO is lagging the market.
In the last month SAO has a been trading in the 0.01 - 0.04 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although SAO has an excellent technical rating, it does not present a decent entry opportunity 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
0.01
0.06
When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.02 to 0.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.01 to 0.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 0.04 to 0.04. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @0.06 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 | UP | POSITIVE | The long term trend for SAO.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SAO.CA is up. |
| ChartMill Relative Strength | 32.22 | NEUTRAL | SAO.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SAO.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SAO.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SAO.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.65 | NEUTRAL | The RSI value for SAO.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests SAO.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.67 | NEUTRAL | The Stochastics value for SAO.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 13.33 | HIGH VOLATILITY | The high ATR as a percentage value for SAO.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 17.89 | NEGATIVE | The low ADX value for SAO.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:SAO (6/16/2025, 7:00:00 PM)
0.03
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week20%
2 Weeks50%
1 Month50%
3 Month50%
6 Month20%
12 Month-50%
2 Year-25%
3 Year-33.33%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0
ATR(20)%13.33%
ATR Inc110%
Range Today0
ADR(20)0
ADR(20)%9.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.22
Mansfield1.02
10 Day High0.04
10 Day Low0.02
20 Day High0.04
20 Day Low0.02
52 Week High0.06
52 Week Low0.01
CS1 End0.02
CR1 Start0.04
Volume & EV
DER(3)0%
DER(5)0%
Volume166.00K
Volume Incr45.81%
Vol(5)400.58K
Vol(50)249.95K