STRATABOUND MINERALS CORP (SB.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:SB - CA86268E3032 - Common Stock
Taking everything into account, SB scores 7 out of 10 in our technical rating. Although SB is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
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
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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.
We can see 2 important resistance 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.
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. |
TSX-V:SB (3/20/2024, 7:00:00 PM)
0.03
0 (0%)
STRATABOUND MINERALS CORP / SB.CA FAQ
What is the technical rating for SB stock?
ChartMill assigns a technical rating of 7 / 10 to SB.CA.
Can you provide the trend direction for STRATABOUND MINERALS CORP?
The current trend direction for STRATABOUND MINERALS CORP (SB.CA) is Bullish.
What is the RSI signal for STRATABOUND MINERALS CORP (SB.CA) stock?
STRATABOUND MINERALS CORP (SB.CA) has an RSI value of 51.6559. This indicates that the stock is currently neutral.
What is the MACD signal for STRATABOUND MINERALS CORP (SB.CA) stock?
The MACD indicator for STRATABOUND MINERALS CORP (SB.CA) has a value of 0.000228857, indicating a bearish trend.
Can you provide the support and resistance levels for STRATABOUND MINERALS CORP?
STRATABOUND MINERALS CORP (SB.CA) has a support level at 0.03 and a resistance level at 0.04. Check the full technical report for our detailed analysis of SB.CA support and resistance levels.