Secova Metals Corp. (SEK.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:SEK -
Taking everything into account, SEK scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, SEK has proven to be a steady performer, scoring decent points in every aspect analyzed.
SEK has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for SEK in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.03
When analyzing the support we notice one important area.
- A support zone ranging from 0.03 to 0.03. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We found 1 important resistance area.
- Resistance @0.05 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 SEK.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SEK.CA is up. |
| ChartMill Relative Strength | 89.82 | POSITIVE | SEK.CA has a high relative strength, it outperformed 89.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SEK.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SEK.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SEK.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.11 | NEUTRAL | The RSI value for SEK.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests SEK.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 44.44 | NEUTRAL | The Stochastics value for SEK.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 9 | HIGH VOLATILITY | The high ATR as a percentage value for SEK.CA suggests high volalility. |
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 |
|---|---|---|---|
| 0.06 | 0.03 | 0.03 (41.67%) | 2.40% |
| An entry @0.06. This is a Buy Stop order right above the resistance zone. | An exit @0.03. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.03 points, which is 41.67%. | For a 1.00% total portfolio risk, you can invest 2.40% 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:SEK (12/30/2019, 9:30:10 AM)
0.05
+0.01 (+11.11%)
Secova Metals Corp. / SEK.CA FAQ
What is the ChartMill technical rating of Secova Metals Corp. (SEK.CA) stock?
ChartMill assigns a technical rating of 9 / 10 to SEK.CA.
What is the trend direction for SEK stock?
The current trend direction for Secova Metals Corp. (SEK.CA) is Bullish.
What is the RSI signal for SEK stock?
Secova Metals Corp. (SEK.CA) has an RSI value of 58.1141. This indicates that the stock is currently neutral.
What is the short term momentum for Secova Metals Corp. (SEK.CA) stock?
The short term momentum for Secova Metals Corp. (SEK.CA) is positive.
What is the support and resistance level for SEK stock?
Secova Metals Corp. (SEK.CA) has a support level at 0.03 and a resistance level at 0.05. Check the full technical report for our detailed analysis of SEK.CA support and resistance levels.