SKEENA RESOURCES LTD (SKE.CA) Stock Technical Analysis
Canada - TSX:SKE - CA83056P7157 - Common Stock
24.38 CAD
+0.15 (+0.62%)
We assign a technical rating of 10 out of 10 to SKE. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SKE is showing a nice and steady performance.
In the last month SKE has a been trading in the 23.48 - 26.73 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that SKE is one of the better performing stocks in the market, outperforming 84% of all stocks. On top of that, SKE also shows a nice and consistent pattern of rising prices.
SKE 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 SKE is lagging the market slightly.
SKE is an average performer in the Metals & Mining industry, it outperforms 62% of 822 stocks in the same industry.
SKE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 26.08. Right above this resistance zone may be a good entry point.
More info and screens
12.37
26.34
We found 6 important support areas.
- A support zone ranging from 24.23 to 24.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 23.40 to 23.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 22.55 to 22.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @18.99 from a horizontal line in the daily time frame.
- Support @16.82 from a trend line in the weekly time frame.
- Support @12.49 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 26.08 to 26.08. 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 | UP | POSITIVE | The long term trend for SKE.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SKE.CA is neutral. |
| ChartMill Relative Strength | 84.67 | POSITIVE | SKE.CA has a high relative strength, it outperformed 84.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SKE.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SKE.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SKE.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.15 | NEUTRAL | The RSI value for SKE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests SKE.CA has a negative trend. |
| Stochastics (14,3) | 38.67 | NEUTRAL | The Stochastics value for SKE.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.42 | MEDIUM VOLATILITY | The ATR as a percentage value for SKE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 24.59 | NEUTRAL | The ADX value for SKE.CA suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 26.09 | 24.22 | 1.87 (7.17%) | 13.95% |
| An entry @26.09. This is a Buy Stop order right above the resistance zone. | An exit @24.22. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.87 points, which is 7.17%. | For a 1.00% total portfolio risk, you can invest 13.95% of your capital in this trade. |
- 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:SKE (10/3/2025, 7:00:00 PM)
24.38
+0.15 (+0.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.62%
1 Week-6.52%
2 Weeks-1.93%
1 Month1.5%
3 Month15.6%
6 Month91.82%
12 Month111.63%
2 Year387.6%
3 Year297.07%
5 Year157.17%
10 Year712.67%
15 Year74.14%
Volatility
ATR(14)1.19
ATR(20)%4.42%
ATR Inc5.45%
Range Today0.41
ADR(20)0.99
ADR(20)%4.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.67
Mansfield2.89
10 Day High26.73
10 Day Low23.55
20 Day High26.73
20 Day Low23.48
52 Week High26.73
52 Week Low10.34
CS1 End24.37
CR1 Start26.08
Volume & EV
DER(3)-5.26%
DER(5)-2.11%
Volume922.73K
Volume Incr32.32%
Vol(5)778.91K
Vol(50)493.69K