GALIANO GOLD INC (GAU) Stock Technical Analysis
NYSEARCA:GAU - NYSE Arca - CA36352H1001 - Common Stock - Currency: USD
Taking everything into account, GAU scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GAU is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
A new 52 week high is currently being made by GAU, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month GAU has a been trading in the 1.26 - 2.05 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
GAU has an average volume of 1536900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, GAU did better than 92% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
GAU is part of the Metals & Mining industry. There are 156 other stocks in this industry, GAU did better than 69% of them.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although GAU has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
1.19
2.06
When analyzing the support we can see 4 important areas.
- Support @1.40 from a horizontal line in the daily time frame.
- A support zone ranging from 1.31 to 1.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.26 from a horizontal line in the daily time frame.
- Support @1.20 from a trend line in the weekly 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 GAU is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GAU is up. |
| ChartMill Relative Strength | 92.55 | POSITIVE | GAU has a high relative strength, it outperformed 92.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GAU is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GAU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GAU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 83.11 | OVERBOUGHT | The high RSI value suggests GAU may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests GAU has a positive trend. |
| Stochastics (14,3) | 97.62 | OVERBOUGHT | The high Stochastics value suggests GAU may be overbought. |
| Average True Range in percent/ATR (20) | 4.63 | MEDIUM VOLATILITY | The ATR as a percentage value for GAU suggests some volalility. |
| Average Directional Index/ADX (14) | 21.72 | NEUTRAL | The ADX value for GAU suggests a possible start of a new 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)
2.04
+0.1 (+5.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg5.15%
1 Week34.21%
2 Weeks50%
1 Month51.11%
3 Month59.38%
6 Month61.9%
12 Month43.66%
2 Year221.41%
3 Year316.33%
5 Year29.11%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%4.63%
ATR Inc223.45%
Range Today0.13
ADR(20)0.08
ADR(20)%4.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.55
Mansfield3.54
10 Day High2.05
10 Day Low1.38
20 Day High2.05
20 Day Low1.26
52 Week High2.05
52 Week Low1
CS1 End1.4
CR1 StartN/A
Volume & EV
DER(3)10.65%
DER(5)5.35%
Volume3.40M
Volume Incr114.22%
Vol(5)2.59M
Vol(50)1.54M