SOUTHSTONE MINERALS LTD (SML.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:SML - CA84473K1075 - Common Stock
We assign a technical rating of 0 out of 10 to SML. SML scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
SML has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
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When analyzing the support we notice one important area.
- A support zone ranging from 0.01 to 0.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.01 to 0.01. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for SML.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SML.CA is down. |
| ChartMill Relative Strength | 12.12 | NEGATIVE | SML.CA has a low relative strength, it was outperformed by 87.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SML.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SML.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SML.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.64 | NEUTRAL | The RSI value for SML.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests SML.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 50 | NEUTRAL | The Stochastics value for SML.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 25 | HIGH VOLATILITY | The high ATR as a percentage value for SML.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 7.15 | NEGATIVE | The low ADX value for SML.CA suggests a weak or negative trend. |
TSX-V:SML (12/19/2023, 7:00:00 PM)
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SOUTHSTONE MINERALS LTD / SML.CA FAQ
What is the ChartMill technical rating of SOUTHSTONE MINERALS LTD (SML.CA) stock?
ChartMill assigns a technical rating of 0 / 10 to SML.CA.
What is the trend direction for SML stock?
The current trend direction for SOUTHSTONE MINERALS LTD (SML.CA) is Bearish.
Can you provide the RSI signal for SOUTHSTONE MINERALS LTD?
SOUTHSTONE MINERALS LTD (SML.CA) has an RSI value of 48.6379. This indicates that the stock is currently neutral.
What is the short term momentum for SOUTHSTONE MINERALS LTD (SML.CA) stock?
The short term momentum for SOUTHSTONE MINERALS LTD (SML.CA) is negative.
What are the support and resistance levels for SOUTHSTONE MINERALS LTD (SML.CA) stock?
SOUTHSTONE MINERALS LTD (SML.CA) has a support level at 0.01 and a resistance level at 0.01. Check the full technical report for our detailed analysis of SML.CA support and resistance levels.