Yamana Gold Inc (YRI.CA) Stock Technical Analysis
TSX:YRI - Toronto Stock Exchange - CA98462Y1007 - Common Stock - Currency: CAD
Taking everything into account, YRI scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, YRI is only an average performer.
The long and short term trends are both positive. This is looking good!
YRI is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so YRI is performing more or less in line with the market.
YRI 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.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
YRI has an average volume of 2127420 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that YRI is one of the better performing stocks in the market, outperforming 78% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
YRI is part of the Metals & Mining industry. There are 805 other stocks in this industry, YRI did better than 59% of them.
Besides having an excellent technical rating, YRI 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 very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
5.83
8.45
When analyzing the support we can see 4 important areas.
- A support zone ranging from 7.61 to 7.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.32 to 7.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 6.90 to 6.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.89 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @8.22 from a horizontal line in the weekly time frame.
- Resistance @8.37 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 YRI.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for YRI.CA is up. |
| ChartMill Relative Strength | 78.68 | POSITIVE | YRI.CA has a high relative strength, it outperformed 78.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of YRI.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of YRI.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of YRI.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.28 | NEUTRAL | The RSI value for YRI.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests YRI.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.11 | NEUTRAL | The Stochastics value for YRI.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.85 | MEDIUM VOLATILITY | The ATR as a percentage value for YRI.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 21.21 | NEUTRAL | The ADX value for YRI.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 |
|---|---|---|---|
| 7.95 | 7.60 | 0.35 (4.44%) | 22.53% |
| An entry @7.95. This is a Buy Stop order right above the 10 day moving average. | An exit @7.60. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.35 points, which is 4.44%. | When investing 22.53% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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:YRI (4/3/2023, 7:00:00 PM)
7.89
+0.01 (+0.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.13%
1 Week-1.62%
2 Weeks-0.38%
1 Month7.93%
3 Month-0.5%
6 Month19%
12 Month6.77%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%2.85%
ATR Inc-11.03%
Range Today0.24
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
CRS78.68
Mansfield1.01
10 Day High8.15
10 Day Low7.57
20 Day High8.15
20 Day Low7.01
52 Week High8.38
52 Week Low5.35
CS1 End7.7
CR1 Start8.22
Volume & EV
DER(3)0.77%
DER(5)1.54%
Volume23.62M
Volume Incr558.39%
Vol(5)9.43M
Vol(50)2.13M