SABRE GOLD MINES CORP (SGLD.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:SGLD - CA78573W2013 - Common Stock
Overall SGLD gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SGLD is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, SGLD did better than 92% of all other stocks.
- SGLD is one of the better performing stocks in the Metals & Mining industry, it outperforms 78% of 817 stocks in the same industry.
- SGLD is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month SGLD has a been trading in the 0.17 - 0.24 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days.
Although SGLD 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
0.19
We found 1 important support area.
- A support zone ranging from 0.19 to 0.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @0.24 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 SGLD.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SGLD.CA is up. |
| ChartMill Relative Strength | 92.51 | POSITIVE | SGLD.CA has a high relative strength, it outperformed 92.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SGLD.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SGLD.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SGLD.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.71 | NEUTRAL | The RSI value for SGLD.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests SGLD.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.74 | OVERBOUGHT | The high Stochastics value suggests SGLD.CA may be overbought. |
| Average True Range in percent/ATR (20) | 4.89 | MEDIUM VOLATILITY | The ATR as a percentage value for SGLD.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 24.43 | NEUTRAL | The ADX value for SGLD.CA suggests a possible start of a new trend. |
TSX:SGLD (2/7/2025, 7:00:00 PM)
0.22
-0.01 (-6.38%)
SABRE GOLD MINES CORP / SGLD.CA FAQ
What is the technical rating for SGLD stock?
ChartMill assigns a technical rating of 10 / 10 to SGLD.CA.
Can you provide the trend direction for SABRE GOLD MINES CORP?
The current trend direction for SABRE GOLD MINES CORP (SGLD.CA) is Bullish.
Can you provide the RSI signal for SABRE GOLD MINES CORP?
SABRE GOLD MINES CORP (SGLD.CA) has an RSI value of 59.7142. This indicates that the stock is currently neutral.
What is the MACD signal for SABRE GOLD MINES CORP (SGLD.CA) stock?
The MACD indicator for SABRE GOLD MINES CORP (SGLD.CA) has a value of 0.00308838, indicating a bearish trend.
What are the support and resistance levels for SABRE GOLD MINES CORP (SGLD.CA) stock?
SABRE GOLD MINES CORP (SGLD.CA) has a support level at 0.19 and a resistance level at 0.24. Check the full technical report for our detailed analysis of SGLD.CA support and resistance levels.