SUPREMEX INC (SXP.CA) Stock Technical Analysis
TSX:SXP - Toronto Stock Exchange - CA86863R1055 - Common Stock - Currency: CAD
We assign a technical rating of 5 out of 10 to SXP. In the past year, SXP was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
SXP has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 4.18. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.00, a Stop Loss order could be placed below this zone.
More info and screens
3.48
We found 3 important support areas.
- A support zone ranging from 3.79 to 4.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.71 from a horizontal line in the daily time frame.
- A support zone ranging from 3.52 to 3.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 4.18 to 4.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 4.49 to 4.50. 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 | NEUTRAL | NEUTRAL | The long term trend for SXP.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SXP.CA is up. |
| ChartMill Relative Strength | 39.89 | NEUTRAL | SXP.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SXP.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SXP.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SXP.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.51 | NEUTRAL | The RSI value for SXP.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests SXP.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68 | NEUTRAL | The Stochastics value for SXP.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.35 | MEDIUM VOLATILITY | The ATR as a percentage value for SXP.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 17.33 | NEGATIVE | The low ADX value for SXP.CA suggests a weak or negative trend. |
TSX:SXP (7/17/2025, 7:00:00 PM)
4.1
+0.02 (+0.49%)