DEFENSE METALS CORP (DEFN.CA) Stock Technical Analysis
TSX-V:DEFN - TSX Venture Exchange - CA2446331035 - Common Stock - Currency: CAD
Taking everything into account, DEFN scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, DEFN has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
DEFN is one of the better performing stocks in the Metals & Mining industry, it outperforms 71% of 822 stocks in the same industry.
In the last month DEFN has a been trading in the 0.14 - 0.19 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that DEFN is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
DEFN is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
DEFN has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 0.20. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.17, a Stop Loss order could be placed below this zone.
More info and screens
0.12
0.22
We found 4 important support areas.
- A support zone ranging from 0.17 to 0.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.16 to 0.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.15 from a horizontal line in the daily time frame.
- A support zone ranging from 0.12 to 0.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 0.20 to 0.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.22 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.8
Mansfield0.86
10 Day High0.19
10 Day Low0.14
20 Day High0.19
20 Day Low0.14
52 Week High0.24
52 Week Low0.07
Performance
1 Week9.09%
2 Weeks20%
1 Month5.88%
3 Month71.43%
6 Month100%
12 Month-16.28%
2 Year-40%
3 Year-37.93%
5 Year50%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0
RSI(14)55.35
LBB0.14
UBB0.19
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 |
|---|---|---|---|
| 0.21 | 0.16 | 0.05 (23.81%) | 4.20% |
| An entry @0.21. This is a Buy Stop order right above the resistance zone. | An exit @0.16. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.05 points, which is 23.81%. | For a 1.00% total portfolio risk, you can invest 4.20% 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-V:DEFN (3/7/2025, 7:00:00 PM)
0.18
-0.01 (-5.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-5.26%
1 Week9.09%
2 Weeks20%
1 Month5.88%
3 Month71.43%
6 Month100%
12 Month-16.28%
2 Year-40%
3 Year-37.93%
5 Year50%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.01
ATR(20)%7.64%
ATR Inc-47.5%
Range Today0.01
ADR(20)0.01
ADR(20)%6.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.8
Mansfield0.86
10 Day High0.19
10 Day Low0.14
20 Day High0.19
20 Day Low0.14
52 Week High0.24
52 Week Low0.07
CS1 End0.17
CR1 Start0.2
Volume & EV
DER(3)1.14%
DER(5)-11.47%
Volume95.40K
Volume Incr44.33%
Vol(5)176.10K
Vol(50)178.76K