GATOS SILVER INC (GATO.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:GATO - US3680361090 - Common Stock
We assign a technical rating of 8 out of 10 to GATO. In the last year, GATO was one of the better performers, but we do observe some doubts in the very recent evolution.
Besides having an excellent technical rating, GATO also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 20.80, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GATO 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
15.30
When analyzing the support we can see 4 important areas.
- A support zone ranging from 20.52 to 20.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @19.90 from a horizontal line in the weekly time frame.
- Support @19.45 from a horizontal line in the daily time frame.
- Support @15.45 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @23.42 from a horizontal line in the daily time frame.
- Resistance @23.94 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 GATO.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GATO.CA is neutral. |
| ChartMill Relative Strength | 94.22 | POSITIVE | GATO.CA has a high relative strength, it outperformed 94.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GATO.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GATO.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GATO.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.01 | NEUTRAL | The RSI value for GATO.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests GATO.CA has a positive trend. |
| Stochastics (14,3) | 39.27 | NEUTRAL | The Stochastics value for GATO.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.77 | MEDIUM VOLATILITY | The ATR as a percentage value for GATO.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 10.44 | NEGATIVE | The low ADX value for GATO.CA suggests a weak or negative 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 |
|---|---|---|---|
| 23.43 | 20.51 | 2.92 (12.46%) | 8.02% |
| An entry @23.43. This is a Buy Stop order right above the resistance zone. | An exit @20.51. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.92 points, which is 12.46%. | For a 1.00% total portfolio risk, you can invest 8.02% 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:GATO (1/17/2025, 7:00:00 PM)
21.59
+1.17 (+5.73%)
GATOS SILVER INC / GATO.CA FAQ
Can you provide the ChartMill technical rating for GATOS SILVER INC?
ChartMill assigns a technical rating of 8 / 10 to GATO.CA.
What is the current trend direction of GATOS SILVER INC (GATO.CA) stock?
The current trend direction for GATOS SILVER INC (GATO.CA) is Bullish.
What is the RSI signal for GATO stock?
GATOS SILVER INC (GATO.CA) has an RSI value of 52.0115. This indicates that the stock is currently neutral.
What are the support and resistance levels for GATOS SILVER INC (GATO.CA) stock?
GATOS SILVER INC (GATO.CA) has a support level at 20.8 and a resistance level at 23.42. Check the full technical report for our detailed analysis of GATO.CA support and resistance levels.