X-TERRA RESOURCES INC (XTT.CA) Stock Technical Analysis
Canada • TSX Venture Exchange • TSX-V:XTT • CA98387W2058
Overall XTT gets a technical rating of 7 out of 10. In the past year, XTT was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- Looking at the yearly performance, XTT did better than 98% of all other stocks.
- XTT is part of the Metals & Mining industry. There are 812 other stocks in this industry. XTT outperforms 97% of them.
- XTT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so XTT is lagging the market.
- In the last month XTT has a been trading in the 0.36 - 0.75 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although XTT has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
0.38
When analyzing the support we can see 3 important areas.
- Support @0.51 from a horizontal line in the daily time frame.
- Support @0.40 from a trend line in the daily time frame.
- Support @0.38 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- Resistance @0.60 from a horizontal line in the daily time frame.
- Resistance @0.62 from a trend line in the daily time frame.
- Resistance @0.74 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 | NEUTRAL | NEUTRAL | The long term trend for XTT.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for XTT.CA is up. |
| ChartMill Relative Strength | 98.94 | POSITIVE | XTT.CA has a high relative strength, it outperformed 98.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of XTT.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of XTT.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of XTT.CA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.58 | NEUTRAL | The RSI value for XTT.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests XTT.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 48.05 | NEUTRAL | The Stochastics value for XTT.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 9.44 | HIGH VOLATILITY | The high ATR as a percentage value for XTT.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 24.17 | NEUTRAL | The ADX value for XTT.CA suggests a possible start of a new trend. |
TSX-V:XTT (8/23/2023, 7:00:00 PM)
0.54
+0.02 (+3.85%)
X-TERRA RESOURCES INC / XTT.CA FAQ
What is the technical rating for XTT stock?
ChartMill assigns a technical rating of 6 / 10 to XTT.CA.
What is the current trend direction of X-TERRA RESOURCES INC (XTT.CA) stock?
The current trend direction for X-TERRA RESOURCES INC (XTT.CA) is Bearish.
What is the RSI signal for XTT stock?
X-TERRA RESOURCES INC (XTT.CA) has an RSI value of 53.5824. This indicates that the stock is currently neutral.
Can you provide the MACD signal for X-TERRA RESOURCES INC?
The MACD indicator for X-TERRA RESOURCES INC (XTT.CA) has a value of 0.000430554, indicating a bearish trend.