SOLARIS RESOURCES INC (SLS.CA) Stock Technical Analysis
TSX:SLS - CA83419D2014 - Common Stock
7.64 CAD
+0.07 (+0.92%)
Taking everything into account, SLS scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SLS is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, SLS did better than 91% of all other stocks. On top of that, SLS also shows a nice and consistent pattern of rising prices.
SLS is part of the Metals & Mining industry. There are 791 other stocks in this industry. SLS outperforms 80% of them.
SLS is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month SLS has a been trading in the 6.36 - 7.86 range, which is quite wide. It is currently trading near the high of this range.
SLS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 7.79. Right above this resistance zone may be a good entry point.
More info and screens
5.18
7.91
When analyzing the support we can see 4 important areas.
- A support zone ranging from 7.45 to 7.47. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 7.09 to 7.27. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @6.67 from a horizontal line in the weekly time frame.
- Support @5.23 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 7.79 to 7.83. 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 SLS.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SLS.CA is up. |
| ChartMill Relative Strength | 91.99 | POSITIVE | SLS.CA has a high relative strength, it outperformed 91.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SLS.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SLS.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SLS.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.49 | NEUTRAL | The RSI value for SLS.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests SLS.CA has a positive trend. |
| Stochastics (14,3) | 75.9 | NEUTRAL | The Stochastics value for SLS.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.19 | MEDIUM VOLATILITY | The ATR as a percentage value for SLS.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 22.16 | NEUTRAL | The ADX value for SLS.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 |
|---|---|---|---|
| 7.84 | 7.44 | 0.40 (5.10%) | 19.60% |
| An entry @7.84. This is a Buy Stop order right above the resistance zone. | An exit @7.44. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.40 points, which is 5.10%. | When investing 19.60% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of SLS. 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:SLS (8/25/2025, 7:00:00 PM)
7.64
+0.07 (+0.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.92%
1 Week1.6%
2 Weeks3.95%
1 Month11.86%
3 Month25.25%
6 Month67.18%
12 Month138.75%
2 Year28.84%
3 Year6.85%
5 Year164.36%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.3
ATR(20)%4.19%
ATR Inc-5.64%
Range Today0.32
ADR(20)0.31
ADR(20)%4.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.99
Mansfield3.77
10 Day High7.86
10 Day Low7.02
20 Day High7.86
20 Day Low6.36
52 Week High7.94
52 Week Low2.58
CS1 End7.47
CR1 Start7.79
Volume & EV
DER(3)-0.53%
DER(5)-3.6%
Volume162.49K
Volume Incr-44.92%
Vol(5)170.79K
Vol(50)255.25K