GOLDSTAR MINERALS INC (GDM.CA) Stock Technical Analysis
TSX-V:GDM - TSX Venture Exchange - CA38153W5000 - Common Stock - Currency: CAD
We assign a technical rating of 3 out of 10 to GDM. 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
Warning: GDM has an average volume of 23177 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Looking at the yearly performance, GDM did better than 83% of all other stocks. However, we also see that GDM couldn't keep up this performance in the last couple of months.
GDM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GDM is lagging the market.
In the last month GDM has a been trading in the 0.07 - 0.10 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.
GDM has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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
0.13
When analyzing the resistance we notice 2 important 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. |
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)
TSX-V:GDM (3/20/2024, 7:00:00 PM)
0.08
+0.01 (+6.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg6.67%
1 Week0%
2 Weeks-11.11%
1 Month-20%
3 Month-36%
6 Month-15.79%
12 Month77.78%
2 Year23.08%
3 Year-51.52%
5 Year-73.33%
10 Year-92%
15 YearN/A
Volatility
ATR(14)0.01
ATR(20)%7.81%
ATR Inc-65%
Range Today0
ADR(20)0
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
CRS83.18
Mansfield-1.49
10 Day High0.09
10 Day Low0.07
20 Day High0.1
20 Day Low0.07
52 Week High0.15
52 Week Low0.03
CS1 EndN/A
CR1 Start0.09
Volume & EV
DER(3)0%
DER(5)0%
Volume1.00K
Volume Incr-80.3%
Vol(5)6.77K
Vol(50)23.18K