SIGNAL GOLD INC (SGNL.CA) Technical Analysis
TSX:SGNL • CA82664T1012
Current stock price
SGNL.CA Technical Rating and Analysis
Overall SGNL gets a technical rating of 2 out of 10. In the past year, SGNL was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- When comparing the yearly performance of all stocks, SGNL is a bad performer in the overall market: 78% of all stocks are doing better.
- SGNL is part of the Metals & Mining industry. There are 795 other stocks in this industry, of which 75% are performing better than SGNL.
- SGNL is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SGNL is lagging the market.
- In the last month SGNL has a been trading in the 0.07 - 0.09 range, which is quite wide. It is currently trading near the high of this range.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
SGNL.CA Weekly and Daily overview Charts
SGNL.CA Setup Rating and Analysis
SGNL has a poor technical rating and the quality of the setup is also not perfect 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
SGNL.CA Support and Resistance Analysis
0.08
When analyzing the support we notice one important area.
- A support zone ranging from 0.08 to 0.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- Resistance @0.09 from a trend line in the daily time frame.
- A resistance zone ranging from 0.10 to 0.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
SGNL.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 | DOWN | NEGATIVE | The long term trend for SGNL.CA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SGNL.CA is up. |
| ChartMill Relative Strength | 22 | NEGATIVE | SGNL.CA has a low relative strength, it was outperformed by 78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SGNL.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SGNL.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SGNL.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.5 | NEUTRAL | The RSI value for SGNL.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests SGNL.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.33 | OVERBOUGHT | The high Stochastics value suggests SGNL.CA may be overbought. |
| Average True Range in percent/ATR (20) | 6.18 | HIGH VOLATILITY | The high ATR as a percentage value for SGNL.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 15.79 | NEGATIVE | The low ADX value for SGNL.CA suggests a weak or negative trend. |
SGNL.CA Chart- and CandleStick Pattern Analysis
SGNL.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:SGNL (12/16/2024, 7:00:00 PM)
0.085
0 (0%)
SIGNAL GOLD INC / SGNL.CA TA FAQ
What is the ChartMill technical rating of SIGNAL GOLD INC (SGNL.CA) stock?
ChartMill assigns a technical rating of 2 / 10 to SGNL.CA.
Can you provide the trend direction for SIGNAL GOLD INC?
The current trend direction for SIGNAL GOLD INC (SGNL.CA) is Bearish.
What is the RSI signal for SIGNAL GOLD INC (SGNL.CA) stock?
SIGNAL GOLD INC (SGNL.CA) has an RSI value of 56.5036. This indicates that the stock is currently neutral.
What is the short term momentum for SGNL stock?
The short term momentum for SIGNAL GOLD INC (SGNL.CA) is positive.
What is the buy/sell signal for SGNL stock?
The buy/sell signal for SIGNAL GOLD INC (SGNL.CA) is hold as the short term and long term trends are mixed.