Stina Resources Stock Update: Share Activity on the Move

Stina Resources Stock Update

In its most recent session, Stina Resources Ltd. (TSX-V:SQA) saw shares move -6.28% (-0.014). Its most recent bid was $0.2090 on 23583.

Stina Resources has a 14-day Average True Range (ATR) of 0.02. The ATR is used to measure stock volatility (not price direction). A higher ATR usually means a higher stock volatility.

The 14-day Average Directional Index (ADX) for Stina is 17.78. ADX measures trend strength (not trend direction). An ADX value sitting between 0-25 usually means an absent or weak trend; 25-50 means a strong trend, and 50-75 means a very strong trend. That trend could be going up or down (but again, ADX only measures trend strength, not direction). Often, the Plus Directional Indicator (+DI) or Minus Directional Indicator (-DI) will be used, in order to trend direction to be known. This means that the ADX alone won’t be able to tell you how strong the stock currently is, as it doesn’t indicate whether the trend is going up or down (so a lower ADX isn’t necessarily a bad – or good – thing; it also depends on the trend’s direction).

The Relative Strength Index (RSI) compares price movement over time and could help to determine whether a stock is being overbought or oversold. It can also be useful for spotting abnormal price activity and volatility. The RSI scales from 0 to 100, with a normal stock reading falling in the 30-70 range; an RSI over 70 indicates that the stock may be overbought, even overvalued, while an RSI under 30 indicates that the stock is oversold, and possibly undervalued. The 14-day RSI for Stina is currently sitting at 41.31, while the 7-day is 31.44 and the 3-day is 13.07.

The 14-Day Commodity Channel Index (CCI) for Stina is -239.49. A +100 CCI may mean there has been a lot of buying of the stock, and that it may even be overbought; a -100 CCI indicates more selling, and that the stock may be oversold.

Then there are moving averages, which can help spot trends and price reversals and can even find support or resistance levels. Generally speaking, moving averages are lagging indicators, which means that they can confirm trends. Stocks may be considered on an uptrend if they are trading above a moving average that is sloping upward, while they might be a downtrend if trading is below a moving average that is sloping downward. Stina Resources shares have a 7-day moving average of 0.24.

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