Arizona Silver Exploration Inc forms bullish "Price Crosses Moving Average" chart pattern
Dec 07, 2022
Trading Central has detected a "Price Crosses Moving Average" chart pattern formed on Arizona Silver Exploration Inc (AZS:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.30.
Tells Me: The price is generally in an established trend (bullish or bearish) for the time horizon represented by the moving average period (21, 50 or 200 bars).
Moving averages are used to smooth out the volatility or "noise" in the price series, to make it easier to discover the underlying trend. By plotting the average price over the last several bars, the line is less "jerky" than plotting the actual prices. A bullish event is generated when the price crosses above the moving average, and in this state, the price is likely in an established uptrend. The opposite is true when the price crosses below the moving average, triggered a bearish event.
This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.
Arizona Silver Exploration Inc forms bullish "Momentum" chart pattern
Dec 07, 2022
Trading Central has detected a "Momentum" chart pattern formed on Arizona Silver Exploration Inc (AZS:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.30.
Tells Me: For bullish events, upward momentum has just built up with the latest price now trading higher than the price 10 bars ago. The opposite is true for bearish events where we're seeing downward momentum now that the price is trading lower than 10 bars ago.
Momentum measures the velocity of price changes. For a 10-bar momentum, we take the difference between the last bar's close and the close 10 bars ago and we plot this as a line fluctuating above and below 0 which can be used as buy and sell signals when in agreement with prevailing trend analysis. Momentum is significant because it signals the strength of price trends. A healthy price trend tends to exhibit strong momentum, while weakening trends often have decreasing momentum indicating a trend reversal or correction.
This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.
Arizona Silver Exploration Inc forms bullish "Commodity Channel Index" chart pattern
Dec 07, 2022
Trading Central has detected a "Commodity Channel Index" chart pattern formed on Arizona Silver Exploration Inc (AZS:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.30.
Tells Me: The price is relatively far from its 20-bar average price.
The Commodity Channel Index (CCI) measures the deviation of the price from its average value (comparing to a chosen moving average, typically 20 bars). The oscillator is normalized by dividing by the typical deviation, so we get an oscillator fluctuating roughly between +100 and -100. Many traders use these as overbought(+100)/oversold(-100) markers and watch for signs of reversal, but original use was to consider long positions when CCI is above +100 (bullish event), and short when below -100 (bearish event). When the price crosses back in between +100 and -100, another event is triggered to indicate an end to the prior bullish or bearish situation and a possible opportunity to close out such a position.
This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.
Arizona Silver Exploration Inc forms bullish "Bottom Triangle" chart pattern
Dec 07, 2022
Trading Central has detected a "Bottom Triangle" chart pattern formed on Arizona Silver Exploration Inc (AZS:TSXV). This bullish signal indicates that the stock price may rise from the close of $0.30 to the range of $0.39 - $0.41. The pattern formed over 51 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.
Tells Me: The price seems to have reached a bottom, showing signs of reversal as it has broken upward after a period of uncertainty or consolidation.
A Bottom Triangle shows two converging trendlines as prices reach lower highs and higher lows. Volume diminishes as the price swings back and forth between an increasingly narrow range reflecting uncertainty in the market direction. Then well before the triangle reaches its apex, the price breaks above the upper trendline with a noticeable increase in volume, confirming this bullish pattern as a reversal of the prior downtrend.
This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.