STRATABOUND MINERALS CORP (SB.CA) Technical Analysis
TSX-V:SB • CA86268E3032
Current stock price
SB.CA Technical Rating and Analysis
Overall SB gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, SB is a bad performer.
- When comparing the yearly performance of all stocks, SB is a bad performer in the overall market: 84% of all stocks are doing better.
- SB is part of the Metals & Mining industry. There are 798 other stocks in this industry, of which 79% are performing better than SB.
- The long and short term trends are both positive. This is looking good!
- SB 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 SB is lagging the market slightly.
- In the last month SB has a been trading in the 0.02 - 0.04 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
SB.CA Weekly and Daily overview Charts
SB.CA Setup Rating and Analysis
Although SB 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
SB.CA Support and Resistance Analysis
0.02
We found 2 important support areas.
- A support zone ranging from 0.03 to 0.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.02 to 0.02. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @0.04 from a trend line in the weekly time frame.
- Resistance @0.07 from a horizontal line in the daily time frame.
SB.CA 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 SB.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SB.CA is up. |
| ChartMill Relative Strength | 16.13 | NEGATIVE | SB.CA has a low relative strength, it was outperformed by 83.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SB.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SB.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SB.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.66 | NEUTRAL | The RSI value for SB.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests SB.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 50 | NEUTRAL | The Stochastics value for SB.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.5 | HIGH VOLATILITY | The high ATR as a percentage value for SB.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 23.68 | NEUTRAL | The ADX value for SB.CA suggests a possible start of a new trend. |
SB.CA Chart- and CandleStick Pattern Analysis
SB.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX-V:SB (3/20/2024, 7:00:00 PM)
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0 (0%)
STRATABOUND MINERALS CORP / SB.CA TA FAQ
What is the technical rating for SB stock?
ChartMill assigns a technical rating of 7 / 10 to SB.CA.
What is the trend direction for SB stock?
The current trend direction for STRATABOUND MINERALS CORP (SB.CA) is Bullish.
Can you provide the RSI signal for STRATABOUND MINERALS CORP?
STRATABOUND MINERALS CORP (SB.CA) has an RSI value of 51.6559. This indicates that the stock is currently neutral.
Can you provide the short term momentum for STRATABOUND MINERALS CORP?
The short term momentum for STRATABOUND MINERALS CORP (SB.CA) is positive.
What is the buy/sell signal for SB stock?
The buy/sell signal for STRATABOUND MINERALS CORP (SB.CA) is buy as both the short term and long term trends are positive.