STEER TECHNOLOGIES INC (STER.CA) Stock Technical Analysis
TSX-V:STER - TSX Venture Exchange - CA8583351025 - Common Stock - Currency: CAD
Taking everything into account, STER scores 3 out of 10 in our technical rating. Although STER is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
STER is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
STER is one of the better performing stocks in the Ground Transportation industry, it outperforms 80% of 6 stocks in the same industry.
In the last month STER has a been trading in the 0.10 - 0.17 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, STER did better than 82% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
The technical rating of STER is bad and it also does not present a 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
0.11
0.15
When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.13 to 0.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.11 to 0.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @0.15 from a trend line 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 | DOWN | NEGATIVE | The long term trend for STER.CA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for STER.CA is neutral. |
| ChartMill Relative Strength | 82.72 | POSITIVE | STER.CA has a high relative strength, it outperformed 82.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of STER.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of STER.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of STER.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.9 | NEUTRAL | The RSI value for STER.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests STER.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 55.15 | NEUTRAL | The Stochastics value for STER.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 10.93 | HIGH VOLATILITY | The high ATR as a percentage value for STER.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 30.39 | POSITIVE | The high ADX value value for STER.CA suggests a strong 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:STER (11/22/2024, 7:00:00 PM)
0.135
+0.01 (+3.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryGround Transportation
Performance
% Chg3.85%
1 Week3.85%
2 Weeks17.39%
1 Month17.39%
3 Month-51.79%
6 Month-38.64%
12 Month107.69%
2 Year-70.97%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.01
ATR(20)%10.93%
ATR Inc180%
Range Today0.04
ADR(20)0.01
ADR(20)%9.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.72
Mansfield-5.08
10 Day High0.17
10 Day Low0.11
20 Day High0.17
20 Day Low0.11
52 Week High0.48
52 Week Low0.06
CS1 End0.13
CR1 Start0.15
Volume & EV
DER(3)1.45%
DER(5)1.77%
Volume27.14K
Volume Incr48.66%
Vol(5)75.55K
Vol(50)71.17K