CARLIN GOLD CORPORATION (CGD.CA) Stock Technical Analysis
TSX-V:CGD - TSX Venture Exchange - CA1422402091 - Common Stock - Currency: CAD
Overall CGD gets a technical rating of 7 out of 10. In the last year, CGD was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
CGD 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. There is a resistance zone just above the current price starting at 0.21. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.19, a Stop Loss order could be placed below this zone.
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0.14
We found 3 important support areas.
- A support zone ranging from 0.19 to 0.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.17 from a trend line in the daily time frame.
- Support @0.14 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.21 to 0.21. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for CGD.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CGD.CA is up. |
| ChartMill Relative Strength | 99.29 | POSITIVE | CGD.CA has a high relative strength, it outperformed 99.29% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CGD.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CGD.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CGD.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.19 | NEUTRAL | The RSI value for CGD.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CGD.CA has a positive trend. |
| Stochastics (14,3) | 74.07 | NEUTRAL | The Stochastics value for CGD.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 9.75 | HIGH VOLATILITY | The high ATR as a percentage value for CGD.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 11.23 | NEGATIVE | The low ADX value for CGD.CA suggests a weak or negative 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 |
|---|---|---|---|
| 0.22 | 0.18 | 0.04 (18.18%) | 5.50% |
| An entry @0.22. This is a Buy Stop order right above the resistance zone. | An exit @0.18. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.04 points, which is 18.18%. | When investing 5.50% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
TSX-V:CGD (7/24/2025, 7:00:00 PM)
0.2
+0.01 (+2.56%)