X-TERRA RESOURCES INC (XTT.CA) Stock Technical Analysis
TSX-V:XTT - TSX Venture Exchange - CA98387W2058 - Common Stock - Currency: CAD
We assign a technical rating of 7 out of 10 to XTT. Although XTT has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
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 one of the better performing stocks in the Metals & Mining industry, it outperforms 98% of 794 stocks in the same industry.
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 present a decent entry opportunity 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
0.75
3 important support areas can be observed.
- 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.
When analyzing the resistance we notice 3 important areas.
- 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. |
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)
TSX-V:XTT (8/23/2023, 7:00:00 PM)
0.54
+0.02 (+3.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg3.85%
1 Week-6.9%
2 Weeks-12.9%
1 Month35%
3 Month1.89%
6 Month-32.5%
12 Month285.71%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%9.44%
ATR Inc9.64%
Range Today0.05
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
CRS98.94
Mansfield-0.06
10 Day High0.75
10 Day Low0.52
20 Day High0.75
20 Day Low0.36
52 Week High1.19
52 Week Low0.11
CS1 End0.51
CR1 Start0.6
Volume & EV
DER(3)624.17%
DER(5)403.28%
Volume2.50K
Volume Incr-36.98%
Vol(5)49.09K
Vol(50)71.77K