SIGNAL GOLD INC (SGNL.CA) Stock Technical Analysis
TSX:SGNL - CA82664T1012 - Common Stock
0.085 CAD
0 (0%)
We assign a technical rating of 2 out of 10 to SGNL. Recently some decent action could be observed, but in the medium term time frame this is still negative. SGNL was also a bad performer in the overall market in the last year.
78% of all other stocks performed better in the past year than SGNL.
SGNL is one of the lesser performing stocks in the Metals & Mining industry. 71% of 795 stocks in the same industry do better.
SGNL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
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 has a poor technical rating and the quality of the setup is also only medium 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
0.08
0.10
We found 1 important support 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.
When analyzing the resistance we notice 2 important 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.
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. |
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)
TSX:SGNL (12/16/2024, 7:00:00 PM)
0.085
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0%
1 Week0%
2 Weeks13.33%
1 Month13.33%
3 Month0%
6 Month-10.53%
12 Month-34.62%
2 Year-73.44%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.01
ATR(20)%6.18%
ATR Inc50%
Range Today0
ADR(20)0
ADR(20)%5.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22
Mansfield-2.19
10 Day High0.09
10 Day Low0.07
20 Day High0.09
20 Day Low0.07
52 Week High0.14
52 Week Low0.07
CS1 End0.08
CR1 Start0.09
Volume & EV
DER(3)-1.32%
DER(5)-17.18%
Volume46.75K
Volume Incr-10.17%
Vol(5)455.37K
Vol(50)563.12K