ERDENE RESOURCE DEVELOPMENT (ERD.CA) Technical Analysis
TSX:ERD • CA29480N4049
Current stock price
ERD.CA Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to ERD. ERD has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- ERD is one of the lesser performing stocks in the Metals & Mining industry. 69% of 795 stocks in the same industry do better.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- When compared to the yearly performance of all other stocks, ERD outperforms 56% of them, which is more or less in line with the market.
- 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.
- In the last month ERD has a been trading in the 5.34 - 7.83 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ERD.CA Weekly and Daily overview Charts
ERD.CA Setup Rating and Analysis
ERD has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 6.36. Right above this resistance zone may be a good entry point.
More info and screens
ERD.CA Support and Resistance Analysis
5.35
3 important support areas can be observed.
- Support @5.97 from a trend line in the daily time frame.
- A support zone ranging from 5.54 to 5.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.40 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 6.36 to 6.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @8.26 from a trend line in the daily time frame.
- Resistance @9.03 from a trend line in the daily time frame.
- Resistance @9.41 from a trend line in the weekly time frame.
ERD.CA 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.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for ERD.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ERD.CA is down. |
| ChartMill Relative Strength | 56.5 | NEUTRAL | ERD.CA is not amongst the best or worst performers 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 | MIXED | The current price of ERD.CA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.59 | 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. |
| Stochastics (14,3) | 50.93 | NEUTRAL | The Stochastics value for ERD.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.86 | HIGH VOLATILITY | The high ATR as a percentage value for ERD.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 28.86 | POSITIVE | The high ADX value value for ERD.CA suggests a strong trend. |
ERD.CA Chart- and CandleStick Pattern Analysis
ERD.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:ERD (4/2/2026, 7:00:00 PM)
6.35
-0.07 (-1.09%)
ERDENE RESOURCE DEVELOPMENT / ERD.CA TA FAQ
Can you provide the ChartMill technical rating for ERDENE RESOURCE DEVELOPMENT?
ChartMill assigns a technical rating of 1 / 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 Bearish.
What is the RSI signal for ERDENE RESOURCE DEVELOPMENT (ERD.CA) stock?
ERDENE RESOURCE DEVELOPMENT (ERD.CA) has an RSI value of 42.5942. 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 0.066286, indicating a bearish trend.
Can you provide the buy/sell signal for ERDENE RESOURCE DEVELOPMENT?
The buy/sell signal for ERDENE RESOURCE DEVELOPMENT (ERD.CA) is sell as both the short term and long term trends are negative.