GATOS SILVER INC (GATO.CA) Stock Technical Analysis
TSX:GATO - Toronto Stock Exchange - US3680361090 - Common Stock - Currency: CAD
Overall GATO gets a technical rating of 8 out of 10. In the last year, GATO was one of the better performers, but we do observe some doubts in the very recent evolution.
Warning: GATO has an average volume of 10997 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, GATO did better than 94% of all other stocks. We also observe that the gains produced by GATO over the past year are nicely spread over this period.
GATO is one of the better performing stocks in the Metals & Mining industry, it outperforms 86% of 808 stocks in the same industry.
GATO 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 GATO is lagging the market slightly.
In the last month GATO has a been trading in the 19.40 - 23.16 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
GATO has an excellent technical rating and 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
24.18
4 important support areas can be observed.
- 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. |
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)
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%. | When investing 8.02% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg5.73%
1 Week0.47%
2 Weeks1.55%
1 Month1.27%
3 Month-15.27%
6 Month20.82%
12 Month165.56%
2 Year214.27%
3 Year445.2%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.16
ATR(20)%4.77%
ATR Inc28.65%
Range Today1.76
ADR(20)0.88
ADR(20)%4.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.22
Mansfield1.96
10 Day High23.16
10 Day Low20.21
20 Day High23.16
20 Day Low19.4
52 Week High28.19
52 Week Low7.5
CS1 End20.8
CR1 Start23.42
Volume & EV
DER(3)6.76%
DER(5)5.85%
Volume8.80K
Volume Incr-45.08%
Vol(5)5.04K
Vol(50)11.00K