ERDENE RESOURCE DEVELOPMENT (ERD.CA) Stock Technical Analysis
TSX:ERD - Toronto Stock Exchange - CA29480N2068 - Common Stock - Currency: CAD
We assign a technical rating of 8 out of 10 to ERD. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, ERD did better than 89% 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 one of the better performing stocks in the Metals & Mining industry, it outperforms 77% of 805 stocks in the same industry.
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 0.87 - 1.03 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ERD has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 0.93, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ERD in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.71
1.05
We found 4 important support areas.
- A support zone ranging from 0.91 to 0.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.87 to 0.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.85 from a trend line in the daily time frame.
- Support @0.72 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @1.00 from a trend line in the daily time frame.
- A resistance zone ranging from 1.03 to 1.04. 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 | NEUTRAL | NEUTRAL | The short term trend for ERD.CA is neutral. |
| ChartMill Relative Strength | 89.58 | POSITIVE | ERD.CA has a high relative strength, it outperformed 89.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ERD.CA is above a declining 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) | 51.15 | NEUTRAL | The RSI value for ERD.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ERD.CA has a positive trend. |
| Stochastics (14,3) | 39.58 | NEUTRAL | The Stochastics value for ERD.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.74 | MEDIUM VOLATILITY | The ATR as a percentage value for ERD.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 16.32 | NEGATIVE | The low ADX value for ERD.CA suggests a weak or negative 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)
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 |
|---|---|---|---|
| 1.01 | 0.90 | 0.11 (10.89%) | 9.18% |
| An entry @1.01. This is a Buy Stop order right above the resistance zone. | An exit @0.90. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.11 points, which is 10.89%. | When investing 9.18% 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:ERD (7/14/2025, 7:00:00 PM)
0.95
+0.03 (+3.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg3.26%
1 Week-6.86%
2 Weeks7.95%
1 Month-2.06%
3 Month4.4%
6 Month61.02%
12 Month111.11%
2 Year153.33%
3 Year222.03%
5 Year46.15%
10 Year533.33%
15 Year239.29%
Volatility
ATR(14)0.05
ATR(20)%4.74%
ATR Inc12.9%
Range Today0.08
ADR(20)0.05
ADR(20)%4.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.58
Mansfield2.69
10 Day High1.03
10 Day Low0.87
20 Day High1.03
20 Day Low0.87
52 Week High1.11
52 Week Low0.4
CS1 End0.93
CR1 Start1
Volume & EV
DER(3)4.37%
DER(5)-12.36%
Volume172.61K
Volume Incr24.47%
Vol(5)239.78K
Vol(50)241.22K