Monarch Mining Corporation (GBAR.CA) Technical Analysis
TSX:GBAR • CA6091611047
Current stock price
GBAR.CA Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to GBAR. GBAR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 100% of all other stocks performed better in the past year than GBAR.
- GBAR is one of the lesser performing stocks in the Metals & Mining industry. 93% of 803 stocks in the same industry do better.
- GBAR is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month GBAR has a been trading in the 0.01 - 0.02 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.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
GBAR.CA Weekly and Daily overview Charts
GBAR.CA Setup Rating and Analysis
The technical rating of GBAR is bad and it also does not present a quality setup 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.
More info and screens
GBAR.CA Support and Resistance Analysis
GBAR.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 GBAR.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GBAR.CA is down. |
| ChartMill Relative Strength | 0.28 | NEGATIVE | GBAR.CA has a low relative strength, it was outperformed by 99.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GBAR.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GBAR.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GBAR.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 27.41 | OVERSOLD | The low RSI value suggests GBAR.CA may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests GBAR.CA has a negative trend, although the MACD value is rising. |
| Average True Range in percent/ATR (20) | 55 | HIGH VOLATILITY | The high ATR as a percentage value for GBAR.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 42.49 | POSITIVE | The high ADX value value for GBAR.CA suggests a strong trend. |
GBAR.CA Chart- and CandleStick Pattern Analysis
GBAR.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:GBAR (11/14/2023, 7:00:00 PM)
0.005
0 (0%)
Monarch Mining Corporation / GBAR.CA TA FAQ
Can you provide the ChartMill technical rating for Monarch Mining Corporation?
ChartMill assigns a technical rating of 0 / 10 to GBAR.CA.
What is the current trend direction of Monarch Mining Corporation (GBAR.CA) stock?
The current trend direction for Monarch Mining Corporation (GBAR.CA) is Bearish.
Can you provide the RSI signal for Monarch Mining Corporation?
Monarch Mining Corporation (GBAR.CA) has an RSI value of 27.4129. This indicates that the stock is currently oversold.
What is the short term momentum for GBAR stock?
The short term momentum for Monarch Mining Corporation (GBAR.CA) is negative.