Source Exploration Corp. (SOP.CA) Technical Analysis
TSX-V:SOP
Current stock price
SOP.CA Technical Rating and Analysis
Taking everything into account, SOP scores 7 out of 10 in our technical rating. In the last year, SOP was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- SOP has an average volume of 1944860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that SOP is one of the better performing stocks in the market, outperforming 78% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- SOP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SOP is lagging the market.
- In the last month SOP has a been trading in the 0.03 - 0.08 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SOP.CA Weekly and Daily overview Charts
SOP.CA Setup Rating and Analysis
Although SOP has an excellent technical rating, it does not present a decent entry opportunity 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
SOP.CA Support and Resistance Analysis
0.03
When analyzing the support we notice one important area.
- A support zone ranging from 0.03 to 0.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
SOP.CA Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for SOP.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SOP.CA is up. |
| ChartMill Relative Strength | 78.57 | POSITIVE | SOP.CA has a high relative strength, it outperformed 78.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SOP.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SOP.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SOP.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.5 | NEUTRAL | The RSI value for SOP.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests SOP.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.67 | NEUTRAL | The Stochastics value for SOP.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 19.17 | HIGH VOLATILITY | The high ATR as a percentage value for SOP.CA suggests high volalility. |
SOP.CA Chart- and CandleStick Pattern Analysis
SOP.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX-V:SOP (2/19/2021, 3:59:29 PM)
0.06
0 (0%)
Source Exploration Corp. / SOP.CA TA FAQ
What is the technical rating for SOP stock?
ChartMill assigns a technical rating of 7 / 10 to SOP.CA.
What is the trend direction for SOP stock?
The current trend direction for Source Exploration Corp. (SOP.CA) is Bearish.
What is the RSI signal for SOP stock?
Source Exploration Corp. (SOP.CA) has an RSI value of 62.4983. This indicates that the stock is currently neutral.
What is the MACD signal for Source Exploration Corp. (SOP.CA) stock?
The MACD indicator for Source Exploration Corp. (SOP.CA) has a value of 0.00291551, indicating a bearish trend.
What is the short term momentum for Source Exploration Corp. (SOP.CA) stock?
The short term momentum for Source Exploration Corp. (SOP.CA) is positive.