ERDENE RESOURCE DEVELOPMENT (ERD.CA) Stock Technical Analysis
TSX:ERD - CA29480N2068 - Common Stock
7.73 CAD
+0.11 (+1.44%)
We assign a technical rating of 10 out of 10 to ERD. Both in the recent history as in the last year, ERD has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that ERD is one of the better performing stocks in the market, outperforming 93% of all stocks. On top of that, ERD also shows a nice and consistent pattern of rising prices.
ERD is part of the Metals & Mining industry. There are 795 other stocks in this industry. ERD outperforms 84% of them.
ERD is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month ERD has a been trading in the 5.43 - 8.04 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although ERD has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
4.54
7.81
We found 4 important support areas.
- Support @5.77 from a trend line in the daily time frame.
- A support zone ranging from 5.40 to 5.48. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @5.22 from a horizontal line in the daily time frame.
- Support @4.59 from a trend line in the weekly 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 ERD.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ERD.CA is up. |
| ChartMill Relative Strength | 93.9 | POSITIVE | ERD.CA has a high relative strength, it outperformed 93.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ERD.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ERD.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ERD.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.16 | OVERBOUGHT | The high RSI value suggests ERD.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests ERD.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.08 | OVERBOUGHT | The high Stochastics value suggests ERD.CA may be overbought. |
| Average True Range in percent/ATR (20) | 4.81 | MEDIUM VOLATILITY | The ATR as a percentage value for ERD.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 39.66 | POSITIVE | The high ADX value value for ERD.CA suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
TSX:ERD (9/5/2025, 7:00:00 PM)
7.73
+0.11 (+1.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.44%
1 Week10.11%
2 Weeks23.88%
1 Month32.82%
3 Month27.56%
6 Month81.46%
12 Month199.61%
2 Year336.72%
3 Year344.25%
5 Year180.07%
10 Year973.61%
15 Year168.4%
Volatility
ATR(14)0.44
ATR(20)%4.81%
ATR Inc-15.15%
Range Today0.36
ADR(20)0.36
ADR(20)%4.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.9
Mansfield5.13
10 Day High8.04
10 Day Low5.94
20 Day High8.04
20 Day Low5.43
52 Week High8.04
52 Week Low2.49
CS1 End5.77
CR1 StartN/A
Volume & EV
DER(3)2.02%
DER(5)1.97%
Volume64.48K
Volume Incr-12.52%
Vol(5)338.57K
Vol(50)305.95K