BENCHMARK METALS INC (BNCH.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:BNCH - CA08162A1049 - Common Stock
Taking everything into account, BNCH scores 6 out of 10 in our technical rating. In the last year, BNCH was one of the better performers, but we do observe some doubts in the very recent evolution.
BNCH has an average technical rating and it also 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
0.57
We found 1 important support area.
- Support @0.58 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 0.66 to 0.67. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @0.89 from a trend line in the weekly 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 BNCH.CA is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BNCH.CA is down. |
| ChartMill Relative Strength | 98.62 | POSITIVE | BNCH.CA has a high relative strength, it outperformed 98.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BNCH.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BNCH.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BNCH.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.5 | NEUTRAL | The RSI value for BNCH.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests BNCH.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.59 | OVERSOLD | The low Stochastics value suggests BNCH.CA may be oversold. |
| Average True Range in percent/ATR (20) | 6.72 | HIGH VOLATILITY | The high ATR as a percentage value for BNCH.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 30.44 | POSITIVE | The high ADX value value for BNCH.CA suggests a strong trend. |
TSX-V:BNCH (10/6/2023, 7:00:00 PM)
0.61
+0.01 (+1.67%)
BENCHMARK METALS INC / BNCH.CA FAQ
What is the technical rating for BNCH stock?
ChartMill assigns a technical rating of 5 / 10 to BNCH.CA.
What is the trend direction for BNCH stock?
The current trend direction for BENCHMARK METALS INC (BNCH.CA) is Bullish.
What is the RSI signal for BNCH stock?
BENCHMARK METALS INC (BNCH.CA) has an RSI value of 48.5026. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BENCHMARK METALS INC?
The MACD indicator for BENCHMARK METALS INC (BNCH.CA) has a value of -0.0223418, indicating a bearish trend.
What is the support and resistance level for BNCH stock?
BENCHMARK METALS INC (BNCH.CA) has a support level at 0.58 and a resistance level at 0.66. Check the full technical report for our detailed analysis of BNCH.CA support and resistance levels.