SALAZAR RESOURCES LTD (SRL.CA) Stock Technical Analysis
TSX-V:SRL - TSX Venture Exchange - CA7940071045 - Common Stock - Currency: CAD
Taking everything into account, SRL scores 6 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month SRL has a been trading in the 0.12 - 0.15 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
When comparing the yearly performance of all stocks, we notice that SRL is one of the better performing stocks in the market, outperforming 87% of all stocks. We also observe that the gains produced by SRL over the past year are nicely spread over this period.
SRL is one of the better performing stocks in the Metals & Mining industry, it outperforms 73% of 805 stocks in the same industry.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
SRL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SRL is lagging the market.
SRL has an average technical rating and it also does not offer a high quality setup 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
0.07
0.15
We found 2 important support areas.
- A support zone ranging from 0.08 to 0.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.07 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 0.14 to 0.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.15 to 0.15. 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 | UP | POSITIVE | The long term trend for SRL.CA is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SRL.CA is down. |
| ChartMill Relative Strength | 87.22 | POSITIVE | SRL.CA has a high relative strength, it outperformed 87.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SRL.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SRL.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SRL.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.45 | NEUTRAL | The RSI value for SRL.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests SRL.CA has a negative trend. |
| Stochastics (14,3) | 22.22 | NEUTRAL | The Stochastics value for SRL.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.8 | MEDIUM VOLATILITY | The ATR as a percentage value for SRL.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 14.86 | NEGATIVE | The low ADX value for SRL.CA suggests a weak or negative 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:SRL (7/17/2025, 7:00:00 PM)
0.125
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0%
1 Week-10.71%
2 Weeks-13.79%
1 Month-7.41%
3 Month19.05%
6 Month31.58%
12 Month78.57%
2 Year66.67%
3 Year0%
5 Year-60.94%
10 Year212.5%
15 Year-88.74%
Volatility
ATR(14)0.01
ATR(20)%4.8%
ATR Inc-66.67%
Range Today0
ADR(20)0
ADR(20)%3.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.22
Mansfield1.61
10 Day High0.15
10 Day Low0.12
20 Day High0.15
20 Day Low0.12
52 Week High0.17
52 Week Low0.07
CS1 End0.08
CR1 Start0.14
Volume & EV
DER(3)0%
DER(5)0%
Volume47.00K
Volume Incr121.54%
Vol(5)301.14K
Vol(50)127.22K