Sabina Gold and Silver Corp (SBB.CA) Stock Technical Analysis
TSX:SBB - Toronto Stock Exchange - CA7852461093 - Common Stock - Currency: CAD
Overall SBB gets a technical rating of 9 out of 10. Both in the recent history as in the last year, SBB has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
SBB is one of the better performing stocks in the Metals & Mining industry, it outperforms 94% of 805 stocks in the same industry.
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.
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
1.18
2.18
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.
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. |
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 |
|---|---|---|---|
| 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%. | For a 1.00% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
TSX:SBB (4/21/2023, 7:00:00 PM)
2.16
+0.02 (+0.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.93%
1 Week-1.82%
2 Weeks0.47%
1 Month10.2%
3 Month61.19%
6 Month81.51%
12 Month57.66%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%3.06%
ATR Inc-0.55%
Range Today0.05
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.41
Mansfield5.42
10 Day High2.26
10 Day Low2.06
20 Day High2.26
20 Day Low1.96
52 Week High2.26
52 Week Low0.93
CS1 End2.15
CR1 StartN/A
Volume & EV
DER(3)-0.97%
DER(5)-5.41%
Volume1.18M
Volume Incr99.13%
Vol(5)4.89M
Vol(50)3.22M