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ERDENE RESOURCE DEVELOPMENT (ERD.CA) Stock Technical Analysis

Canada - TSX:ERD - CA29480N2068 - Common Stock

7.51 CAD
+0.03 (+0.4%)
Last: 11/7/2025, 7:00:00 PM
Technical Rating and Analysis

7

We assign a technical rating of 7 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.

In the last month ERD has a been trading in the 7.19 - 10.63 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
When comparing the yearly performance of all stocks, we notice that ERD is one of the better performing stocks in the market, outperforming 88% of all stocks. We also observe that the gains produced by ERD over the past year are nicely spread over this period.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
ERD is an average performer in the Metals & Mining industry, it outperforms 68% of 794 stocks in the same industry.
ERD is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ERD is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.

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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 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.

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Support and Resistance Analysis

4.85

7.59

4 important support areas can be observed.

  • A support zone ranging from 7.47 to 7.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @6.48 from a trend line in the daily time frame.
  • Support @5.67 from a trend line in the daily time frame.
  • Support @4.90 from a trend line in the weekly time frame.

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Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for ERD.CA is up.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for ERD.CA is down.
ChartMill Relative Strength88.03POSITIVEERD.CA has a high relative strength, it outperformed 88.03% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of ERD.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)UPMIXEDThe current price of ERD.CA is below the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of ERD.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)31.53NEUTRALThe RSI value for ERD.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.2NEGATIVEThe MACD value suggests ERD.CA has a negative trend, although the MACD value is rising.
Stochastics (14,3)6.05OVERSOLDThe low Stochastics value suggests ERD.CA may be oversold.
Average True Range in percent/ATR (20)6.83HIGH VOLATILITYThe high ATR as a percentage value for ERD.CA suggests high volalility.
Average Directional Index/ADX (14)39.44POSITIVEThe high ADX value value for ERD.CA suggests a strong trend.
Chart- and CandleStick Pattern Analysis
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)

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ERDENE RESOURCE DEVELOPMENT / ERD Daily stock chart

ERDENE RESOURCE DEVELOPMENT

TSX:ERD (11/7/2025, 7:00:00 PM)

7.51

+0.03 (+0.4%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.4%
1 Week-8.3%
2 Weeks-13.18%
1 Month-22.34%
3 Month33.16%
6 Month33.16%
12 Month98.68%
2 Year268.14%
3 Year355.15%
5 Year225.11%
10 Year862.82%
15 Year84.07%
Volatility
ATR(14)0.48
ATR(20)%6.83%
ATR Inc7.61%
Range Today0.55
ADR(20)0.48
ADR(20)%6.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.03
3 months CRS84.38
6 months CRS74.3
Mansfield2.42
10 Day High8.88
10 Day Low7.19
20 Day High10.63
20 Day Low7.19
52 Week High10.95
52 Week Low3
CS1 End7.5
CR1 StartN/A
Volume & EV
DER(3)-9.81%
DER(5)-5.97%
Volume83.03K
Volume Incr-16.58%
Vol(5)152.93K
Vol(50)242.38K

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.


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 31.5277. 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 -0.20044, 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.