VANSTAR MINING RESOURCES INC (VSR.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:VSR - CA92209L1094 - Common Stock
Taking everything into account, VSR scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, VSR is showing a nice and steady performance.
Besides having an excellent technical rating, VSR also presents a decent setup pattern. 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 0.69. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.66, a Stop Loss order could be placed below this zone.
More info and screens
0.37
We found 3 important support areas.
- A support zone ranging from 0.65 to 0.66. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 0.61 to 0.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.37 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.69 to 0.70. 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 VSR.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VSR.CA is up. |
| ChartMill Relative Strength | 97.83 | POSITIVE | VSR.CA has a high relative strength, it outperformed 97.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VSR.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VSR.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of VSR.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.56 | NEUTRAL | The RSI value for VSR.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests VSR.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 63.64 | NEUTRAL | The Stochastics value for VSR.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.48 | MEDIUM VOLATILITY | The ATR as a percentage value for VSR.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 25.19 | POSITIVE | The high ADX value value for VSR.CA suggests a strong trend. |
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 |
|---|---|---|---|
| 0.71 | 0.64 | 0.07 (9.86%) | 10.14% |
| An entry @0.71. This is a Buy Stop order right above the resistance zone. | An exit @0.64. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.07 points, which is 9.86%. | For a 1.00% total portfolio risk, you can invest 10.14% of your capital in this trade. |
- 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:VSR (2/12/2024, 7:00:00 PM)
0.67
+0.02 (+3.08%)
VANSTAR MINING RESOURCES INC / VSR.CA FAQ
What is the ChartMill technical rating of VANSTAR MINING RESOURCES INC (VSR.CA) stock?
ChartMill assigns a technical rating of 9 / 10 to VSR.CA.
Can you provide the trend direction for VANSTAR MINING RESOURCES INC?
The current trend direction for VANSTAR MINING RESOURCES INC (VSR.CA) is Bullish.
Can you provide the RSI signal for VANSTAR MINING RESOURCES INC?
VANSTAR MINING RESOURCES INC (VSR.CA) has an RSI value of 55.5618. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for VANSTAR MINING RESOURCES INC?
The buy/sell signal for VANSTAR MINING RESOURCES INC (VSR.CA) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for VANSTAR MINING RESOURCES INC (VSR.CA) stock?
VANSTAR MINING RESOURCES INC (VSR.CA) has a support level at 0.66 and a resistance level at 0.69. Check the full technical report for our detailed analysis of VSR.CA support and resistance levels.