exactEarth Ltd (XCT.CA) Stock Technical Analysis
TSX:XCT - Toronto Stock Exchange - Common Stock
We assign a technical rating of 10 out of 10 to XCT. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, XCT is showing a nice and steady performance.
Warning: XCT has an average volume of 24276 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.
When comparing the yearly performance of all stocks, we notice that XCT is one of the better performing stocks in the market, outperforming 97% of all stocks. On top of that, XCT also shows a nice and consistent pattern of rising prices.
XCT 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 XCT is lagging the market slightly.
In the last month XCT has a been trading in the 2.90 - 3.14 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
Besides having an excellent technical rating, XCT also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 3.06, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for XCT in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.38
3.13
We found 5 important support areas.
- A support zone ranging from 2.98 to 3.06. 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 2.75 to 2.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.62 from a trend line in the daily time frame.
- Support @1.57 from a trend line in the weekly time frame.
- Support @1.39 from a horizontal line in the daily time frame.
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 XCT.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for XCT.CA is up. |
| ChartMill Relative Strength | 97.33 | POSITIVE | XCT.CA has a high relative strength, it outperformed 97.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of XCT.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of XCT.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of XCT.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.59 | NEUTRAL | The RSI value for XCT.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests XCT.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 56.69 | NEUTRAL | The Stochastics value for XCT.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.84 | MEDIUM VOLATILITY | The ATR as a percentage value for XCT.CA suggests some volalility. |
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 |
|---|---|---|---|
| 3.15 | 2.97 | 0.18 (5.71%) | 17.50% |
| An entry @3.15. This is a Buy Stop order right above the 10 day high. | An exit @2.97. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.18 points, which is 5.71%. | For a 1.00% total portfolio risk, you can invest 17.50% 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:XCT (12/2/2021, 7:00:00 PM)
3.1
+0.05 (+1.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTransportation Infrastructure
Performance
% Chg1.64%
1 Week0.98%
2 Weeks2.99%
1 Month4.73%
3 Month113.79%
6 Month162.71%
12 Month282.72%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%2.84%
ATR Inc52.94%
Range Today0.1
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.33
Mansfield6.99
10 Day High3.14
10 Day Low2.92
20 Day High3.14
20 Day Low2.9
52 Week High3.6
52 Week Low0.74
CS1 End3.06
CR1 StartN/A
Volume & EV
DER(3)24.3%
DER(5)14.79%
Volume8.96K
Volume Incr-52.65%
Vol(5)12.60K
Vol(50)24.28K