ERDENE RESOURCE DEVELOPMENT (ERD.CA) Stock Technical Analysis
TSX:ERD • CA29480N4049
Taking everything into account, ERD scores 9 out of 10 in our technical rating. ERD has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that ERD is one of the better performing stocks in the market, outperforming 79% of all stocks. On top of that, ERD also shows a nice and consistent pattern of rising prices.
- ERD is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ERD is lagging the market slightly.
- In the last month ERD has a been trading in the 7.29 - 9.09 range, which is quite wide. It is currently trading near the high of this range.
- ERD is an average performer in the Metals & Mining industry, it outperforms 44% of 816 stocks in the same industry.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ERD has an excellent technical rating, but the quality of the setup is only medium 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
7.28
We found 4 important support areas.
- A support zone ranging from 8.22 to 8.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.77 to 7.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.54 from a trend line in the daily time frame.
- Support @7.35 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @9.36 from a trend line in the daily time frame.
- A resistance zone ranging from 9.55 to 9.69. 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 | 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 | 79.65 | POSITIVE | ERD.CA has a high relative strength, it outperformed 79.65% 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) | 57.06 | NEUTRAL | The RSI value for ERD.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests ERD.CA has a positive trend. |
| Stochastics (14,3) | 94.1 | OVERBOUGHT | The high Stochastics value suggests ERD.CA may be overbought. |
| Average True Range in percent/ATR (20) | 5.12 | HIGH VOLATILITY | The high ATR as a percentage value for ERD.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 17.06 | NEGATIVE | The low ADX value for ERD.CA suggests a weak or negative trend. |
TSX:ERD (2/27/2026, 7:00:00 PM)
8.88
+0.02 (+0.23%)
ERDENE RESOURCE DEVELOPMENT / ERD.CA FAQ
Can you provide the ChartMill technical rating for ERDENE RESOURCE DEVELOPMENT?
ChartMill assigns a technical rating of 9 / 10 to ERD.CA.
Can you provide the trend direction for ERDENE RESOURCE DEVELOPMENT?
The current trend direction for ERDENE RESOURCE DEVELOPMENT (ERD.CA) is Bullish.
What is the RSI signal for ERD stock?
ERDENE RESOURCE DEVELOPMENT (ERD.CA) has an RSI value of 57.063. This indicates that the stock is currently neutral.
What is the MACD signal for ERDENE RESOURCE DEVELOPMENT (ERD.CA) stock?
The MACD indicator for ERDENE RESOURCE DEVELOPMENT (ERD.CA) has a value of 0.105984, indicating a bearish trend.
Can you provide the support and resistance levels for ERDENE RESOURCE DEVELOPMENT?
ERDENE RESOURCE DEVELOPMENT (ERD.CA) has a support level at 8.5 and a resistance level at 9.36. Check the full technical report for our detailed analysis of ERD.CA support and resistance levels.