ALLIED GOLD CORP (AAUC) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:AAUC • CA01921D2041
We assign a technical rating of 7 out of 10 to AAUC. 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. 90% 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.
- AAUC has an average volume of 1030300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
AAUC has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
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17.77
4 important support areas can be observed.
- A support zone ranging from 31.08 to 31.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @29.21 from a trend line in the daily time frame.
- Support @19.30 from a trend line in the weekly time frame.
- Support @17.95 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @32.01 from a horizontal line in the daily 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 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) | UP | POSITIVE | The current price of AAUC is above the rising 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) | 70.03 | OVERBOUGHT | The high RSI value suggests AAUC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests AAUC has a negative trend. |
| Stochastics (14,3) | 83.84 | OVERBOUGHT | The high Stochastics value suggests AAUC may be overbought. |
| Average True Range in percent/ATR (20) | 2.94 | MEDIUM VOLATILITY | The ATR as a percentage value for AAUC suggests some volalility. |
| Average Directional Index/ADX (14) | 53.69 | 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 |
|---|---|---|---|
| 32.02 | 31.07 | 0.95 (2.97%) | 25.00% |
| An entry @32.02. This is a Buy Stop order right above the resistance zone. | An exit @31.07. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.95 points, which is 2.97%. | For a 0.74% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
31.19
+0.11 (+0.35%)
ALLIED GOLD CORP / AAUC FAQ
What is the ChartMill technical rating of ALLIED GOLD CORP (AAUC) stock?
ChartMill assigns a technical rating of 7 / 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 70.032. This indicates that the stock is currently overbought.
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 31.18 and a resistance level at 32.01. Check the full technical report for our detailed analysis of AAUC support and resistance levels.