SLAM EXPLORATION LTD (SXL.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:SXL - CA8310043044 - Common Stock
We assign a technical rating of 3 out of 10 to SXL. In the last year, SXL was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- When comparing the yearly performance of all stocks, we notice that SXL is one of the better performing stocks in the market, outperforming 86% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- SXL is part of the Metals & Mining industry. There are 817 other stocks in this industry, SXL did better than 62% of them.
- SXL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SXL is lagging the market.
- In the last month SXL has a been trading in the 0.07 - 0.10 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, SXL does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 0.10. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.08, a Stop Loss order could be placed below this zone.
More info and screens
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2 important support areas can be observed.
- 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.
- A support zone ranging from 0.07 to 0.07. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.10 to 0.10. This zone is formed by a combination of multiple trend lines and important moving averages 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 SXL.CA is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SXL.CA is down. |
| ChartMill Relative Strength | 86.53 | POSITIVE | SXL.CA has a high relative strength, it outperformed 86.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SXL.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SXL.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SXL.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.04 | NEUTRAL | The RSI value for SXL.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests SXL.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.43 | NEUTRAL | The Stochastics value for SXL.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.22 | HIGH VOLATILITY | The high ATR as a percentage value for SXL.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 25 | POSITIVE | The high ADX value value for SXL.CA suggests a strong trend. |
TSX-V:SXL (1/16/2026, 7:00:00 PM)
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0 (0%)
SLAM EXPLORATION LTD / SXL.CA FAQ
Can you provide the ChartMill technical rating for SLAM EXPLORATION LTD?
ChartMill assigns a technical rating of 3 / 10 to SXL.CA.
What is the current trend direction of SLAM EXPLORATION LTD (SXL.CA) stock?
The current trend direction for SLAM EXPLORATION LTD (SXL.CA) is Bullish.
What is the RSI signal for SXL stock?
SLAM EXPLORATION LTD (SXL.CA) has an RSI value of 47.0392. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SLAM EXPLORATION LTD?
The MACD indicator for SLAM EXPLORATION LTD (SXL.CA) has a value of 0.0000849487, indicating a bearish trend.
What is the buy/sell signal for SXL stock?
The buy/sell signal for SLAM EXPLORATION LTD (SXL.CA) is hold as the short term and long term trends are mixed.