GOOD NATURED PRODUCTS INC (GDNP.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:GDNP - CA38210L1094 - Common Stock
Overall GDNP gets a technical rating of 0 out of 10. GDNP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, GDNP is a bad performer in the overall market: 96% of all stocks are doing better.
- GDNP is part of the Chemicals industry. There are 27 other stocks in this industry, of which 100% are performing better than GDNP.
- GDNP 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 GDNP has a been trading in the 0.01 - 0.01 range, which is quite wide. It is currently trading near the lows of this range.
- Volume is considerably higher in the last couple of days.
Although the technical rating is bad, GDNP 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 0.01. Right above this resistance zone may be a good entry point.
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When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.01 to 0.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 GDNP.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GDNP.CA is down. |
| ChartMill Relative Strength | 4.96 | NEGATIVE | GDNP.CA has a low relative strength, it was outperformed by 95.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GDNP.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GDNP.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GDNP.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.43 | NEUTRAL | The RSI value for GDNP.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests GDNP.CA has a positive trend, although the MACD value is declining. |
| Average True Range in percent/ATR (20) | 60 | HIGH VOLATILITY | The high ATR as a percentage value for GDNP.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 62.06 | POSITIVE | The high ADX value value for GDNP.CA suggests a strong trend. |
TSX-V:GDNP (10/23/2024, 7:00:00 PM)
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0 (0%)
GOOD NATURED PRODUCTS INC / GDNP.CA FAQ
Can you provide the ChartMill technical rating for GOOD NATURED PRODUCTS INC?
ChartMill assigns a technical rating of 0 / 10 to GDNP.CA.
What is the current trend direction of GOOD NATURED PRODUCTS INC (GDNP.CA) stock?
The current trend direction for GOOD NATURED PRODUCTS INC (GDNP.CA) is Bearish.
Can you provide the RSI signal for GOOD NATURED PRODUCTS INC?
GOOD NATURED PRODUCTS INC (GDNP.CA) has an RSI value of 47.4294. This indicates that the stock is currently neutral.
Can you provide the short term momentum for GOOD NATURED PRODUCTS INC?
The short term momentum for GOOD NATURED PRODUCTS INC (GDNP.CA) is negative.
What are the support and resistance levels for GOOD NATURED PRODUCTS INC (GDNP.CA) stock?
GOOD NATURED PRODUCTS INC (GDNP.CA) has a resistance level at 0.01. Check the full technical report for our detailed analysis of GDNP.CA support and resistance levels.