Strategic Resources Inc (STI.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:STI -
We assign a technical rating of 9 out of 10 to STI. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, STI is showing a nice and steady performance.
STI has an excellent technical rating, but the quality of the setup is only medium 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.
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0.59
When analyzing the support we notice one important area.
- A support zone ranging from 0.60 to 0.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 STI.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for STI.CA is up. |
| ChartMill Relative Strength | 99.91 | POSITIVE | STI.CA has a high relative strength, it outperformed 99.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of STI.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of STI.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of STI.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.53 | NEUTRAL | The RSI value for STI.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests STI.CA has a negative trend. |
| Stochastics (14,3) | 63.03 | NEUTRAL | The Stochastics value for STI.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.87 | HIGH VOLATILITY | The high ATR as a percentage value for STI.CA suggests high volalility. |
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 |
|---|---|---|---|
| 0.63 | 0.59 | 0.04 (5.75%) | 17.39% |
| An entry @0.63. This is a Buy Stop order right above the 10 day moving average. | An exit @0.59. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.04 points, which is 5.75%. | For a 1.00% total portfolio risk, you can invest 17.39% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of STI. Please evaluate whether better entry and exit points can be found.
- 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-V:STI (6/14/2019, 2:30:00 PM)
0.61
-0.01 (-1.61%)
Strategic Resources Inc / STI.CA FAQ
Can you provide the ChartMill technical rating for Strategic Resources Inc?
ChartMill assigns a technical rating of 8 / 10 to STI.CA.
Can you provide the trend direction for Strategic Resources Inc?
The current trend direction for Strategic Resources Inc (STI.CA) is Bullish.
What is the RSI signal for STI stock?
Strategic Resources Inc (STI.CA) has an RSI value of 66.5329. This indicates that the stock is currently neutral.
Can you provide the short term momentum for Strategic Resources Inc?
The short term momentum for Strategic Resources Inc (STI.CA) is positive.
Can you provide the support and resistance levels for Strategic Resources Inc?
Strategic Resources Inc (STI.CA) has a support level at 0.6. Check the full technical report for our detailed analysis of STI.CA support and resistance levels.