SURGE ENERGY INC (SGY.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:SGY - CA86880Y8779 - Common Stock
Taking everything into account, SGY scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, SGY has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, SGY also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
6.41
When analyzing the support we can see 3 important areas.
- Support @6.84 from a trend line in the daily time frame.
- A support zone ranging from 6.59 to 6.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.47 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @7.49 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 7.64 to 7.70. This zone is formed by a combination of multiple trend lines 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 SGY.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SGY.CA is up. |
| ChartMill Relative Strength | 73.88 | POSITIVE | SGY.CA has a high relative strength, it outperformed 73.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SGY.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SGY.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SGY.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.63 | NEUTRAL | The RSI value for SGY.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests SGY.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 58.28 | NEUTRAL | The Stochastics value for SGY.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.05 | MEDIUM VOLATILITY | The ATR as a percentage value for SGY.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 23.5 | NEUTRAL | The ADX value for SGY.CA suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 7.50 | 7.23 | 0.27 (3.60%) | 25.00% |
| An entry @7.50. This is a Buy Stop order right above the resistance zone. | An exit @7.23. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.27 points, which is 3.60%. | For a 0.90% 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 SGY. 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:SGY (12/5/2025, 7:00:00 PM)
7.48
+0.01 (+0.13%)
SURGE ENERGY INC / SGY.CA FAQ
What is the technical rating for SGY stock?
ChartMill assigns a technical rating of 10 / 10 to SGY.CA.
Can you provide the trend direction for SURGE ENERGY INC?
The current trend direction for SURGE ENERGY INC (SGY.CA) is Bullish.
Can you provide the RSI signal for SURGE ENERGY INC?
SURGE ENERGY INC (SGY.CA) has an RSI value of 58.6297. This indicates that the stock is currently neutral.
What is the short term momentum for SGY stock?
The short term momentum for SURGE ENERGY INC (SGY.CA) is positive.
Can you provide the buy/sell signal for SURGE ENERGY INC?
The buy/sell signal for SURGE ENERGY INC (SGY.CA) is buy as both the short term and long term trends are positive.