STEER TECHNOLOGIES INC (STER.CA) Technical Analysis
TSX-V:STER • CA8583351025
Current stock price
STER.CA Technical Rating and Analysis
We assign a technical rating of 3 out of 10 to STER. 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 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 part of the Ground Transportation industry. There are 6 other stocks in this industry. STER outperforms 100% of them.
- 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.
- When comparing the yearly performance of all stocks, we notice that STER is one of the better performing stocks in the market, outperforming 82% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
STER.CA Weekly and Daily overview Charts
STER.CA Setup Rating and Analysis
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
STER.CA Support and Resistance Analysis
0.11
2 important support areas can be observed.
- 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.
When analyzing the resistance we notice one important area.
- Resistance @0.15 from a trend line in the daily time frame.
STER.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 | 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. |
STER.CA Chart- and CandleStick Pattern Analysis
STER.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX-V:STER (11/22/2024, 7:00:00 PM)
0.135
+0.01 (+3.85%)
STEER TECHNOLOGIES INC / STER.CA TA FAQ
What is the technical rating for STER stock?
ChartMill assigns a technical rating of 3 / 10 to STER.CA.
Can you provide the trend direction for STEER TECHNOLOGIES INC?
The current trend direction for STEER TECHNOLOGIES INC (STER.CA) is Bearish.
What is the RSI signal for STER stock?
STEER TECHNOLOGIES INC (STER.CA) has an RSI value of 49.8967. This indicates that the stock is currently neutral.
What is the short term momentum for STEER TECHNOLOGIES INC (STER.CA) stock?
The short term momentum for STEER TECHNOLOGIES INC (STER.CA) is neutral.