RIDGESTONE MINING INC (RMI.CA) Stock Technical Analysis
TSX-V:RMI - TSX Venture Exchange - CA76611L2030 - Common Stock - Currency: CAD
Overall RMI gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. RMI was also a bad performer in the overall market in the last year.
87% of all other stocks performed better in the past year than RMI.
RMI is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
Warning: RMI has an average volume of 8418 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month RMI has a been trading in the 0.07 - 0.09 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of RMI is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.07
0.09
We found 2 important support areas.
- A support zone ranging from 0.08 to 0.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.07 to 0.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @0.09 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.78
Mansfield-3.31
10 Day High0.09
10 Day Low0.07
20 Day High0.09
20 Day Low0.07
52 Week High0.25
52 Week Low0.07
Performance
1 Week28.57%
2 Weeks28.57%
1 Month28.57%
3 Month-5.26%
6 Month-5.26%
12 Month-43.75%
2 Year-50%
3 Year-85%
5 Year-97.75%
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)60.98
LBB0.06
UBB0.09
TSX-V:RMI (3/7/2025, 7:00:00 PM)
0.09
+0 (+5.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg5.88%
1 Week28.57%
2 Weeks28.57%
1 Month28.57%
3 Month-5.26%
6 Month-5.26%
12 Month-43.75%
2 Year-50%
3 Year-85%
5 Year-97.75%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.01
ATR(20)%5.28%
ATR Inc-6.67%
Range Today0
ADR(20)0
ADR(20)%1.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.78
Mansfield-3.31
10 Day High0.09
10 Day Low0.07
20 Day High0.09
20 Day Low0.07
52 Week High0.25
52 Week Low0.07
CS1 End0.08
CR1 Start0.09
Volume & EV
DER(3)0%
DER(5)0%
Volume12.00K
Volume Incr83.48%
Vol(5)12.44K
Vol(50)8.42K