ERDENE RESOURCE DEVELOPMENT (ERD.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:ERD - CA29480N4049 - Common Stock
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.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, ERD did better than 84% of all other stocks. We also observe that the gains produced by ERD over the past year are nicely spread over this period.
- 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 7.77 - 9.68 range, which is quite wide. It is currently trading near the high of this range.
- ERD is part of the Metals & Mining industry. There are 820 other stocks in this industry, ERD did better than 55% of them.
Besides having an excellent technical rating, ERD also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for ERD in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
5.83
When analyzing the support we can see 4 important areas.
- A support zone ranging from 8.85 to 8.90. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @7.75 from a trend line in the daily time frame.
- Support @7.48 from a trend line in the weekly time frame.
- Support @5.89 from a trend 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 ERD.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ERD.CA is up. |
| ChartMill Relative Strength | 84.35 | POSITIVE | ERD.CA has a high relative strength, it outperformed 84.35% 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) | 67 | NEUTRAL | The RSI value for ERD.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests ERD.CA has a positive trend. |
| Stochastics (14,3) | 87.73 | OVERBOUGHT | The high Stochastics value suggests ERD.CA may be overbought. |
| Average True Range in percent/ATR (20) | 4.9 | MEDIUM VOLATILITY | The ATR as a percentage value for ERD.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 21.17 | NEUTRAL | The ADX value for ERD.CA suggests a possible start of a new 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 |
|---|---|---|---|
| 9.69 | 8.84 | 0.85 (8.77%) | 11.40% |
| An entry @9.69. This is a Buy Stop order right above the 10 day high. | An exit @8.84. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.85 points, which is 8.77%. | For a 1.00% total portfolio risk, you can invest 11.40% of your capital in this trade. |
- 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:ERD (1/23/2026, 7:00:00 PM)
9.68
+0.16 (+1.68%)
ERDENE RESOURCE DEVELOPMENT / ERD.CA FAQ
Can you provide the ChartMill technical rating for ERDENE RESOURCE DEVELOPMENT?
ChartMill assigns a technical rating of 10 / 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 67.0021. 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 0.0391131, 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 8.9. Check the full technical report for our detailed analysis of ERD.CA support and resistance levels.