SPROTT INC (SII) Stock Technical Analysis
USA - NYSE:SII - CA8520662088 - Common Stock
Taking everything into account, SII scores 9 out of 10 in our technical rating. In the last year, SII was one of the better performers, but we do observe some doubts in the very recent evolution.
SII has an excellent technical rating and 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. There is a support zone below the current price at 81.92, a Stop Loss order could be placed below this zone.
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43.07
When analyzing the support we can see 4 important areas.
- A support zone ranging from 81.56 to 81.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 78.84 to 79.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 76.21 to 77.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @43.50 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @88.55 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 SII is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SII is neutral. |
| ChartMill Relative Strength | 93.77 | POSITIVE | SII has a high relative strength, it outperformed 93.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SII is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SII is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SII is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.75 | NEUTRAL | The RSI value for SII is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.66 | NEGATIVE | The MACD value suggests SII has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.8 | NEUTRAL | The Stochastics value for SII is a neutral value. |
| Average True Range in percent/ATR (20) | 3.49 | MEDIUM VOLATILITY | The ATR as a percentage value for SII suggests some volalility. |
| Average Directional Index/ADX (14) | 25.16 | POSITIVE | The high ADX value value for SII suggests a strong 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 |
|---|---|---|---|
| 83.78 | 81.55 | 2.23 (2.66%) | 25.00% |
| An entry @83.78. This is a Buy Stop order right above the 10 day high. | An exit @81.55. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.23 points, which is 2.66%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.67%. |
- The distance between exit and entry is rather small compared to the average daily movement of SII. 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.
81.93
+0.2 (+0.24%)
SPROTT INC / SII FAQ
What is the ChartMill technical rating of SPROTT INC (SII) stock?
ChartMill assigns a technical rating of 9 / 10 to SII.
What is the trend direction for SII stock?
The current trend direction for SPROTT INC (SII) is Bullish.
What is the RSI signal for SPROTT INC (SII) stock?
SPROTT INC (SII) has an RSI value of 51.7485. This indicates that the stock is currently neutral.
What is the short term momentum for SII stock?
The short term momentum for SPROTT INC (SII) is neutral.