We assign a technical rating of 10 out of 10 to SLSR. Both in the recent history as in the last year, SLSR has proven to be a steady performer, scoring decent points in every aspect analyzed.
SLSR has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 7.48, a Stop Loss order could be placed below this zone.
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4.12
We found 4 important support areas.
- A support zone ranging from 7.36 to 7.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.44 from a trend line in the daily time frame.
- Support @4.31 from a trend line in the weekly time frame.
- Support @4.16 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 8.04 to 8.10. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 8.39 to 8.39. 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 SLSR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SLSR is up. |
| ChartMill Relative Strength | 96.96 | POSITIVE | SLSR has a high relative strength, it outperformed 96.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SLSR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SLSR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SLSR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.96 | NEUTRAL | The RSI value for SLSR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests SLSR has a negative trend. |
| Stochastics (14,3) | 72.62 | NEUTRAL | The Stochastics value for SLSR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.97 | MEDIUM VOLATILITY | The ATR as a percentage value for SLSR suggests some volalility. |
| Average Directional Index/ADX (14) | 28.5 | POSITIVE | The high ADX value value for SLSR 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 |
|---|---|---|---|
| 8.11 | 7.80 | 0.31 (3.85%) | 25.00% |
| An entry @8.11. This is a Buy Stop order right above the resistance zone. | An exit @7.80. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.31 points, which is 3.85%. | For a 0.96% 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 SLSR. 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.
8.02
-0.23 (-2.79%)
SOLARIS RESOURCES INC / SLSR FAQ
What is the technical rating for SLSR stock?
ChartMill assigns a technical rating of 10 / 10 to SLSR.
Can you provide the trend direction for SOLARIS RESOURCES INC?
The current trend direction for SOLARIS RESOURCES INC (SLSR) is Bullish.
What is the RSI signal for SOLARIS RESOURCES INC (SLSR) stock?
SOLARIS RESOURCES INC (SLSR) has an RSI value of 53.9621. This indicates that the stock is currently neutral.
What is the MACD signal for SLSR stock?
The MACD indicator for SOLARIS RESOURCES INC (SLSR) has a value of -0.0285204, indicating a bearish trend.
What is the buy/sell signal for SOLARIS RESOURCES INC (SLSR) stock?
The buy/sell signal for SOLARIS RESOURCES INC (SLSR) is buy as both the short term and long term trends are positive.