ERDENE RESOURCE DEVELOPMENT (ERD.CA) Stock Technical Analysis
Canada - TSX:ERD - CA29480N4049 - Common Stock
Overall ERD gets a technical rating of 5 out of 10. In the last year, ERD was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
ERD has an average technical rating and also 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
5.64
When analyzing the support we can see 3 important areas.
- A support zone ranging from 7.24 to 7.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.58 from a trend line in the daily time frame.
- Support @5.70 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 7.53 to 7.65. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The short term trend for ERD.CA is down. |
| ChartMill Relative Strength | 86.08 | POSITIVE | ERD.CA has a high relative strength, it outperformed 86.08% 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) | 33.15 | NEUTRAL | The RSI value for ERD.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests ERD.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.92 | OVERSOLD | The low Stochastics value suggests ERD.CA may be oversold. |
| Average True Range in percent/ATR (20) | 6.28 | HIGH VOLATILITY | The high ATR as a percentage value for ERD.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 40.2 | POSITIVE | The high ADX value value for ERD.CA suggests a strong trend. |
TSX:ERD (11/17/2025, 7:00:00 PM)
7.25
-0.15 (-2.03%)
ERDENE RESOURCE DEVELOPMENT / ERD.CA FAQ
Can you provide the ChartMill technical rating for ERDENE RESOURCE DEVELOPMENT?
ChartMill assigns a technical rating of 5 / 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 Bullish.
What is the RSI signal for ERD stock?
ERDENE RESOURCE DEVELOPMENT (ERD.CA) has an RSI value of 33.1491. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ERDENE RESOURCE DEVELOPMENT?
The MACD indicator for ERDENE RESOURCE DEVELOPMENT (ERD.CA) has a value of -0.0774876, 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.