ALLIED GOLD CORP (AAUC) Technical Analysis
NYSE:AAUC • CA01921D2041
Taking everything into account, AAUC scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, AAUC is a bad performer.
- When comparing the yearly performance of all stocks, AAUC is a bad performer in the overall market: 100% of all stocks are doing better.
- AAUC is one of the lesser performing stocks in the Metals & Mining industry. 89% of 157 stocks in the same industry do better.
- Both the short term and long term trends are positive. This is a very positive sign.
- AAUC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- In the last month AAUC has a been trading in a tight range between 30.99 and 31.76.
Although the technical rating is only medium, AAUC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 31.47. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 31.41, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
18.94
We found 3 important support areas.
- A support zone ranging from 31.08 to 31.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @20.76 from a trend line in the weekly time frame.
- Support @19.13 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 31.47 to 32.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 AAUC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AAUC is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | AAUC has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of AAUC is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AAUC is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 59.27 | NEUTRAL | The RSI value for AAUC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests AAUC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 73.16 | NEUTRAL | The Stochastics value for AAUC is a neutral value. |
| Average True Range in percent/ATR (20) | 1 | LOW VOLATILITY | The low ATR as a percentage value for AAUC suggests low volalility. |
| Average Directional Index/ADX (14) | 30.13 | POSITIVE | The high ADX value value for AAUC suggests a strong trend. |
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 |
|---|---|---|---|
| 31.48 | 31.07 | 0.41 (1.31%) | 25.00% |
| An entry @31.48. This is a Buy Stop order right above the 10 day moving average. | An exit @31.07. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.41 points, which is 1.31%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.33%. |
- The distance between exit and entry is rather small compared to the average daily movement of AAUC. Please evaluate whether better entry and exit points can be found.
- 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.
AAUC Technicals: Chart, Performance Metrics, Trend & Indicators
31.42
-0.23 (-0.73%)
ALLIED GOLD CORP / AAUC FAQ
What is the ChartMill technical rating of ALLIED GOLD CORP (AAUC) stock?
ChartMill assigns a technical rating of 6 / 10 to AAUC.
What is the current trend direction of ALLIED GOLD CORP (AAUC) stock?
The current trend direction for ALLIED GOLD CORP (AAUC) is Bullish.
What is the RSI signal for AAUC stock?
ALLIED GOLD CORP (AAUC) has an RSI value of 59.2691. This indicates that the stock is currently neutral.
What is the short term momentum for ALLIED GOLD CORP (AAUC) stock?
The short term momentum for ALLIED GOLD CORP (AAUC) is positive.
What are the support and resistance levels for ALLIED GOLD CORP (AAUC) stock?
ALLIED GOLD CORP (AAUC) has a support level at 31.41 and a resistance level at 31.47. Check the full technical report for our detailed analysis of AAUC support and resistance levels.