SAVILLE RESOURCES INC (SRE.CA) Stock Technical Analysis
TSX-V:SRE - CA80517N3058 - Common Stock
0.39 CAD
+0.02 (+5.41%)
We assign a technical rating of 9 out of 10 to SRE. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SRE is showing a nice and steady performance.
Warning: SRE has an average volume of 21140 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
SRE 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 SRE has a been trading in the 0.27 - 0.40 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When comparing the yearly performance of all stocks, we notice that SRE is one of the better performing stocks in the market, outperforming 87% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
SRE is an average performer in the Metals & Mining industry, it outperforms 69% of 803 stocks in the same industry.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although SRE has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.29
0.56
We found 1 important support area.
- Support @0.29 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @0.40 from a horizontal line in the weekly time frame.
- Resistance @0.55 from a trend line in the weekly 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 | UP | POSITIVE | The long term trend for SRE.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SRE.CA is up. |
| ChartMill Relative Strength | 87.17 | POSITIVE | SRE.CA has a high relative strength, it outperformed 87.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SRE.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SRE.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SRE.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.49 | NEUTRAL | The RSI value for SRE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests SRE.CA has a positive trend. |
| Stochastics (14,3) | 90.12 | OVERBOUGHT | The high Stochastics value suggests SRE.CA may be overbought. |
| Average True Range in percent/ATR (20) | 5.45 | HIGH VOLATILITY | The high ATR as a percentage value for SRE.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 23.54 | NEUTRAL | The ADX value for SRE.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)
TSX-V:SRE (11/22/2024, 7:00:00 PM)
0.39
+0.02 (+5.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg5.41%
1 Week47.17%
2 Weeks25.81%
1 Month32.2%
3 Month44.44%
6 Month290%
12 Month30%
2 Year30%
3 Year-51.25%
5 Year-44.29%
10 Year-91.33%
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%5.45%
ATR Inc86.67%
Range Today0.02
ADR(20)0.01
ADR(20)%1.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.17
Mansfield3.86
10 Day High0.4
10 Day Low0.27
20 Day High0.4
20 Day Low0.27
52 Week High0.4
52 Week Low0.04
CS1 End0.29
CR1 Start0.4
Volume & EV
DER(3)0%
DER(5)-7.56%
Volume22.50K
Volume Incr168.18%
Vol(5)33.07K
Vol(50)21.14K