SUNOPTA INC (SOY.CA) Stock Technical Analysis
TSX:SOY - Toronto Stock Exchange - CA8676EP1086 - Common Stock - Currency: CAD
Overall SOY gets a technical rating of 7 out of 10. Although SOY has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
Besides having an excellent technical rating, SOY also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 8.78. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 8.40, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SOY in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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5.54
We found 3 important support areas.
- A support zone ranging from 8.24 to 8.40. 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 7.73 to 7.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.60 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 8.78 to 8.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 9.04 to 9.05. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 SOY.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SOY.CA is up. |
| ChartMill Relative Strength | 83.15 | POSITIVE | SOY.CA has a high relative strength, it outperformed 83.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SOY.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SOY.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SOY.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.28 | NEUTRAL | The RSI value for SOY.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests SOY.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.57 | NEUTRAL | The Stochastics value for SOY.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.03 | MEDIUM VOLATILITY | The ATR as a percentage value for SOY.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 24.42 | NEUTRAL | The ADX value for SOY.CA suggests a possible start of a new 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 |
|---|---|---|---|
| 8.83 | 8.23 | 0.60 (6.80%) | 14.72% |
| An entry @8.83. This is a Buy Stop order right above the resistance zone. | An exit @8.23. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.60 points, which is 6.80%. | When investing 14.72% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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:SOY (7/11/2025, 7:00:00 PM)
8.52
-0.31 (-3.51%)