SONORO GOLD CORP (SGO.CA) Stock Technical Analysis
TSX-V:SGO • CA83571A1021
Taking everything into account, SGO scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- SGO is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- Looking at the yearly performance, SGO did better than 86% of all other stocks. We also observe that the gains produced by SGO over the past year are nicely spread over this period.
- SGO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SGO is lagging the market slightly.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- SGO is part of the Metals & Mining industry. There are 802 other stocks in this industry, SGO did better than 63% of them.
Although SGO 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
0.20
4 important support areas can be observed.
- A support zone ranging from 0.25 to 0.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.24 from a trend line in the daily time frame.
- A support zone ranging from 0.23 to 0.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 0.20 to 0.20. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 0.28 to 0.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.32 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 SGO.CA is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SGO.CA is down. |
| ChartMill Relative Strength | 86.67 | POSITIVE | SGO.CA has a high relative strength, it outperformed 86.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SGO.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SGO.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SGO.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.56 | NEUTRAL | The RSI value for SGO.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests SGO.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.11 | NEUTRAL | The Stochastics value for SGO.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.16 | HIGH VOLATILITY | The high ATR as a percentage value for SGO.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 22.71 | NEUTRAL | The ADX value for SGO.CA suggests a possible start of a new trend. |
TSX-V:SGO (2/20/2026, 7:00:00 PM)
0.27
+0.01 (+3.85%)
SONORO GOLD CORP / SGO.CA FAQ
What is the technical rating for SGO stock?
ChartMill assigns a technical rating of 7 / 10 to SGO.CA.
What is the trend direction for SGO stock?
The current trend direction for SONORO GOLD CORP (SGO.CA) is Bullish.
What is the RSI signal for SGO stock?
SONORO GOLD CORP (SGO.CA) has an RSI value of 45.5615. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SONORO GOLD CORP?
The MACD indicator for SONORO GOLD CORP (SGO.CA) has a value of -0.00380017, indicating a bearish trend.
Can you provide the support and resistance levels for SONORO GOLD CORP?
SONORO GOLD CORP (SGO.CA) has a support level at 0.25 and a resistance level at 0.28. Check the full technical report for our detailed analysis of SGO.CA support and resistance levels.