Sabina Gold and Silver Corp (SBB.CA) Technical Analysis
TSX:SBB • CA7852461093
Current stock price
SBB.CA Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to SBB. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SBB is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- SBB is part of the Metals & Mining industry. There are 804 other stocks in this industry. SBB outperforms 93% of them.
- SBB is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so SBB is leading the market.
- SBB is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- SBB has an average volume of 3221150 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, SBB did better than 97% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
SBB.CA Weekly and Daily overview Charts
SBB.CA Setup Rating and Analysis
Besides having an excellent technical rating, SBB 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. There is very little resistance above the current price. There is a support zone below the current price at 2.15, a Stop Loss order could be placed below this zone.
More info and screens
SBB.CA Support and Resistance Analysis
1.18
We found 3 important support areas.
- A support zone ranging from 2.10 to 2.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.52 to 1.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.19 from a horizontal line in the daily time frame.
SBB.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 SBB.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SBB.CA is up. |
| ChartMill Relative Strength | 97.41 | POSITIVE | SBB.CA has a high relative strength, it outperformed 97.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SBB.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SBB.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SBB.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.49 | NEUTRAL | The RSI value for SBB.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests SBB.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 54.32 | NEUTRAL | The Stochastics value for SBB.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.06 | MEDIUM VOLATILITY | The ATR as a percentage value for SBB.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 35.84 | POSITIVE | The high ADX value value for SBB.CA suggests a strong trend. |
SBB.CA Chart- and CandleStick Pattern Analysis
SBB.CA Example Setup
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 |
|---|---|---|---|
| 2.18 | 2.09 | 0.09 (4.00%) | 25.00% |
| An entry @2.18. This is a Buy Stop order right above the 10 day moving average. | An exit @2.09. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.09 points, which is 4.00%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of SBB. 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.
SBB.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:SBB (4/21/2023, 7:00:00 PM)
2.16
+0.02 (+0.93%)
Sabina Gold and Silver Corp / SBB.CA TA FAQ
Can you provide the ChartMill technical rating for Sabina Gold and Silver Corp?
ChartMill assigns a technical rating of 8 / 10 to SBB.CA.
What is the trend direction for SBB stock?
The current trend direction for Sabina Gold and Silver Corp (SBB.CA) is Bullish.
What is the RSI signal for SBB stock?
Sabina Gold and Silver Corp (SBB.CA) has an RSI value of 63.4885. This indicates that the stock is currently neutral.
What is the short term momentum for SBB stock?
The short term momentum for Sabina Gold and Silver Corp (SBB.CA) is positive.
Can you provide the support and resistance levels for Sabina Gold and Silver Corp?
Sabina Gold and Silver Corp (SBB.CA) has a support level at 2.15. Check the full technical report for our detailed analysis of SBB.CA support and resistance levels.