ERDENE RESOURCE DEVELOPMENT (ERD.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:ERD - CA29480N4049 - Common Stock
Overall ERD gets a technical rating of 6 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 only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 7.58. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 7.14, 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
6.77
We found 2 important support areas.
- A support zone ranging from 7.04 to 7.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 6.84 to 6.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 7.58 to 7.66. 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 | 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 | 85.11 | POSITIVE | ERD.CA has a high relative strength, it outperformed 85.11% 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) | 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) | 45.71 | NEUTRAL | The RSI value for ERD.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests ERD.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.67 | NEUTRAL | The Stochastics value for ERD.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.55 | MEDIUM VOLATILITY | The ATR as a percentage value for ERD.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 29.73 | POSITIVE | The high ADX value value for ERD.CA suggests a strong 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 |
|---|---|---|---|
| 7.67 | 7.15 | 0.52 (6.78%) | 14.75% |
| An entry @7.67. This is a Buy Stop order right above the resistance zone. | An exit @7.15. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.52 points, which is 6.78%. | For a 1.00% total portfolio risk, you can invest 14.75% 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 (12/9/2025, 7:00:00 PM)
7.43
+0.08 (+1.09%)
ERDENE RESOURCE DEVELOPMENT / ERD.CA FAQ
Can you provide the ChartMill technical rating for ERDENE RESOURCE DEVELOPMENT?
ChartMill assigns a technical rating of 6 / 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 45.7118. 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 0.0699406, 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.