SUPREMEX INC (SXP.CA) Stock Technical Analysis
TSX:SXP - Toronto Stock Exchange - CA86863R1055 - Common Stock - Currency: CAD
Overall SXP gets a technical rating of 8 out of 10. Although SXP is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Warning: SXP has an average volume of 19070 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
SXP is part of the Paper & Forest Products industry. There are 12 other stocks in this industry. SXP outperforms 90% of them.
SXP is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SXP is lagging the market slightly.
SXP is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When compared to the yearly performance of all other stocks, SXP outperforms 51% of them, which is more or less in line with the market.
SXP has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 4.18, a Stop Loss order could be placed below this zone.
More info and screens
3.67
4.55
When analyzing the support we can see 3 important areas.
- A support zone ranging from 4.13 to 4.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.95 to 4.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.71 to 3.88. 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 4.22 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 | UP | POSITIVE | The long term trend for SXP.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SXP.CA is up. |
| ChartMill Relative Strength | 51.25 | 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) | UP | POSITIVE | The current price of SXP.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.26 | NEUTRAL | The RSI value for SXP.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests SXP.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 51.22 | NEUTRAL | The Stochastics value for SXP.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.66 | MEDIUM VOLATILITY | The ATR as a percentage value for SXP.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 24.04 | NEUTRAL | The ADX value for SXP.CA suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 4.28 | 4.12 | 0.16 (3.74%) | 25.00% |
| An entry @4.28. This is a Buy Stop order right above the resistance zone. | An exit @4.12. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.16 points, which is 3.74%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.93%. |
- The distance between exit and entry is rather small compared to the average daily movement of SXP. 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:SXP (8/6/2025, 7:00:00 PM)
4.21
+0.06 (+1.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryPaper & Forest Products
Performance
% Chg1.45%
1 Week-1.64%
2 Weeks1.69%
1 Month8.51%
3 Month7.95%
6 Month17.93%
12 Month11.08%
2 Year-9.07%
3 Year-7.27%
5 Year218.94%
10 Year-17.13%
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%3.66%
ATR Inc-16.3%
Range Today0.14
ADR(20)0.13
ADR(20)%3.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS51.25
Mansfield-0.18
10 Day High4.37
10 Day Low4.06
20 Day High4.37
20 Day Low3.8
52 Week High4.53
52 Week Low3.46
CS1 End4.18
CR1 Start4.22
Volume & EV
DER(3)-29.55%
DER(5)-26.44%
Volume20.21K
Volume Incr-39.48%
Vol(5)14.31K
Vol(50)19.07K