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ERDENE RESOURCE DEVELOPMENT (ERD.CA) Stock Technical Analysis

TSX:ERD - Toronto Stock Exchange - CA29480N2068 - Common Stock - Currency: CAD

0.62  +0.02 (+3.33%)

Technical Rating and Analysis

10

Overall ERD gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ERD is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, ERD did better than 91% 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 83% of 832 stocks in the same industry.
In the last month ERD has a been trading in the 0.56 - 0.66 range, which is quite wide. It is currently trading near the high of this range.
ERD is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ERD is lagging the market.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
ERDENE RESOURCE DEVELOPMENT / ERD Weekly stock chart
ERDENE RESOURCE DEVELOPMENT / ERD Daily stock chart
Setup Rating and Analysis

3

Although ERD has an excellent technical rating, it does not offer a high quality setup 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.

Support and Resistance Analysis

0.54

0.64

When analyzing the support we can see 4 important areas.

  • A support zone ranging from 0.59 to 0.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 0.57 to 0.57. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • A support zone ranging from 0.56 to 0.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @0.55 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice 2 important areas.

  • Resistance @0.62 from a horizontal line in the daily time frame.
  • A resistance zone ranging from 0.63 to 0.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.3
Mansfield1.61
10 Day High0.66
10 Day Low0.57
20 Day High0.66
20 Day Low0.56
52 Week High0.79
52 Week Low0.3
Performance
1 Week5.08%
2 Weeks3.33%
1 Month6.9%
3 Month-1.59%
6 Month51.22%
12 Month110.17%
2 Year72.22%
3 Year44.19%
5 Year195.24%
10 Year376.92%
15 Year93.75%
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)
Technical Indicators
MACD(12,26,9)0
RSI(14)60.75
LBB0.57
UBB0.62
ERDENE RESOURCE DEVELOPMENT / ERD Daily stock chart

ERDENE RESOURCE DEVELOPMENT

TSX:ERD (2/7/2025, 7:00:00 PM)

0.62

+0.02 (+3.33%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg3.33%
1 Week5.08%
2 Weeks3.33%
1 Month6.9%
3 Month-1.59%
6 Month51.22%
12 Month110.17%
2 Year72.22%
3 Year44.19%
5 Year195.24%
10 Year376.92%
15 Year93.75%
Volatility
ATR(14)0.02
ATR(20)%2.98%
ATR Inc154.54%
Range Today0.06
ADR(20)0.02
ADR(20)%2.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.3
Mansfield1.61
10 Day High0.66
10 Day Low0.57
20 Day High0.66
20 Day Low0.56
52 Week High0.79
52 Week Low0.3
CS1 End0.59
CR1 Start0.62
Volume & EV
DER(3)4.21%
DER(5)-1.75%
Volume287.48K
Volume Incr122.68%
Vol(5)223.34K
Vol(50)112.68K