ERDENE RESOURCE DEVELOPMENT (ERD.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:ERD - CA29480N4049 - Common Stock
Overall ERD gets a technical rating of 7 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.
Although ERD has an excellent technical rating, it does not present a decent entry opportunity 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
6.82
We found 4 important support areas.
- A support zone ranging from 7.75 to 7.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.26 to 7.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.07 from a trend line in the daily time frame.
- 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.
We can see 2 important resistance areas.
- A resistance zone ranging from 8.80 to 8.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @8.97 from a horizontal line 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 | NEUTRAL | NEUTRAL | The short term trend for ERD.CA is neutral. |
| ChartMill Relative Strength | 81.01 | POSITIVE | ERD.CA has a high relative strength, it outperformed 81.01% 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 | MIXED | The current price of ERD.CA is above 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) | 49.29 | NEUTRAL | The RSI value for ERD.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests ERD.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 53.8 | NEUTRAL | The Stochastics value for ERD.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5 | MEDIUM VOLATILITY | The ATR as a percentage value for ERD.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 23.51 | NEUTRAL | The ADX value for ERD.CA suggests a possible start of a new trend. |
TSX:ERD (1/2/2026, 7:00:00 PM)
7.86
-0.39 (-4.73%)
ERDENE RESOURCE DEVELOPMENT / ERD.CA FAQ
Can you provide the ChartMill technical rating for ERDENE RESOURCE DEVELOPMENT?
ChartMill assigns a technical rating of 7 / 10 to ERD.CA.
Can you provide the trend direction for ERDENE RESOURCE DEVELOPMENT?
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 49.2889. This indicates that the stock is currently neutral.
What is the MACD signal for ERDENE RESOURCE DEVELOPMENT (ERD.CA) stock?
The MACD indicator for ERDENE RESOURCE DEVELOPMENT (ERD.CA) has a value of 0.0588027, indicating a bearish trend.
Can you provide the support and resistance levels for ERDENE RESOURCE DEVELOPMENT?
ERDENE RESOURCE DEVELOPMENT (ERD.CA) has a support level at 7.82 and a resistance level at 8.8. Check the full technical report for our detailed analysis of ERD.CA support and resistance levels.