The price trend in the six-month chart of the Canadian precious metal explorer Aztec Minerals (TSXV AZT / WKN A2DRF0) can ultimately be described as a highly volatile sideways movement. Nevertheless, a clearly positive trend has been evident for about two months.
The gray downtrend line has been overcome – the blue uptrend line has proven to be stronger so far. The first step above both average lines has also recently been achieved.
Noteworthy and thus medium-term positive is, in addition to the fact that both average lines are now rising slightly again, the fact that the red 100-day line is still trading above the 200-day line.
The MACD indicator was able to generate a buy signal at the beginning of the month – the blue line crossed the red line upwards. The more complex DMI (Directional Movement Index) supports a further upward movement: the green line rises above the red line, thus producing a buy signal; the blue line is rising and indicates an increasing strength of the current trend. Particularly noteworthy is the Chaikin Money Flow, which signals a continuous inflow of capital into the stock through its almost permanent course in the green zone during the observation period.
Source: Comdirect
