GOLDSTAR MINERALS INC (GDM.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:GDM - CA38153W5000 - Common Stock
Taking everything into account, GDM scores 3 out of 10 in our technical rating. Although GDM is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, GDM does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 0.09. Right above this resistance zone may be a good entry point.
More info and screens
0.08
We can see 2 important resistance areas.
- A resistance zone ranging from 0.09 to 0.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.13 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 | DOWN | NEGATIVE | The long term trend for GDM.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GDM.CA is down. |
| ChartMill Relative Strength | 83.18 | POSITIVE | GDM.CA has a high relative strength, it outperformed 83.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GDM.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GDM.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GDM.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.8 | NEUTRAL | The RSI value for GDM.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests GDM.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.33 | NEUTRAL | The Stochastics value for GDM.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.81 | HIGH VOLATILITY | The high ATR as a percentage value for GDM.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 43.51 | POSITIVE | The high ADX value value for GDM.CA suggests a strong trend. |
TSX-V:GDM (3/20/2024, 7:00:00 PM)
0.08
+0.01 (+6.67%)
GOLDSTAR MINERALS INC / GDM.CA FAQ
What is the ChartMill technical rating of GOLDSTAR MINERALS INC (GDM.CA) stock?
ChartMill assigns a technical rating of 3 / 10 to GDM.CA.
What is the trend direction for GDM stock?
The current trend direction for GOLDSTAR MINERALS INC (GDM.CA) is Bearish.
What is the RSI signal for GDM stock?
GOLDSTAR MINERALS INC (GDM.CA) has an RSI value of 41.8002. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for GOLDSTAR MINERALS INC?
The buy/sell signal for GOLDSTAR MINERALS INC (GDM.CA) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for GOLDSTAR MINERALS INC?
GOLDSTAR MINERALS INC (GDM.CA) has a resistance level at 0.09. Check the full technical report for our detailed analysis of GDM.CA support and resistance levels.