ERDENE RESOURCE DEVELOPMENT (ERD.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:ERD - CA29480N4049 - Common Stock
We assign a technical rating of 4 out of 10 to ERD. Although ERD is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
ERD has an average technical rating and the quality of the presented setup is also not ideal 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
5.65
3 important support areas can be observed.
- A support zone ranging from 6.89 to 6.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.64 from a trend line in the daily time frame.
- Support @5.71 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 7.65 to 7.78. This zone is formed by a combination of multiple trend lines and important moving averages 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 ERD.CA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ERD.CA is down. |
| ChartMill Relative Strength | 84.98 | POSITIVE | ERD.CA has a high relative strength, it outperformed 84.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ERD.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ERD.CA is below a declining 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) | 28.93 | OVERSOLD | The low RSI value suggests ERD.CA may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests ERD.CA has a negative trend. |
| Stochastics (14,3) | 11.48 | OVERSOLD | The low Stochastics value suggests ERD.CA may be oversold. |
| Average True Range in percent/ATR (20) | 5.97 | HIGH VOLATILITY | The high ATR as a percentage value for ERD.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 39.74 | POSITIVE | The high ADX value value for ERD.CA suggests a strong trend. |
TSX:ERD (11/21/2025, 7:00:00 PM)
6.9
-0.15 (-2.13%)
ERDENE RESOURCE DEVELOPMENT / ERD.CA FAQ
Can you provide the ChartMill technical rating for ERDENE RESOURCE DEVELOPMENT?
ChartMill assigns a technical rating of 4 / 10 to ERD.CA.
What is the current trend direction of ERDENE RESOURCE DEVELOPMENT (ERD.CA) stock?
The current trend direction for ERDENE RESOURCE DEVELOPMENT (ERD.CA) is Bearish.
What is the RSI signal for ERD stock?
ERDENE RESOURCE DEVELOPMENT (ERD.CA) has an RSI value of 28.9281. This indicates that the stock is currently oversold.
Can you provide the MACD signal for ERDENE RESOURCE DEVELOPMENT?
The MACD indicator for ERDENE RESOURCE DEVELOPMENT (ERD.CA) has a value of -0.0522368, indicating a bearish trend.
What is the short term momentum for ERD stock?
The short term momentum for ERDENE RESOURCE DEVELOPMENT (ERD.CA) is negative.