GOLDCORP INC NEW (GG) Stock Technical Analysis
NYSE:GG - New York Stock Exchange, Inc. -
Taking everything into account, GG scores 6 out of 10 in our technical rating. Although GG is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
When comparing the yearly performance of all stocks, GG is a bad performer in the overall market: 77% of all stocks are doing better.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
GG has an average volume of 24613700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
GG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GG is lagging the market slightly.
In the last month GG has a been trading in the 10.60 - 11.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GG has an average technical rating and it also does not offer a high 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
9.81
12.92
When analyzing the support we can see 2 important areas.
- A support zone ranging from 10.53 to 10.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.91 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 11.19 to 11.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 12.65 to 12.79. This zone is formed by a combination of multiple trend lines 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 GG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GG is neutral. |
| ChartMill Relative Strength | 23.42 | NEGATIVE | GG has a low relative strength, it was outperformed by 76.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GG is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of GG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.3 | NEUTRAL | The RSI value for GG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests GG has a negative trend. |
| Stochastics (14,3) | 36.5 | NEUTRAL | The Stochastics value for GG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.21 | MEDIUM VOLATILITY | The ATR as a percentage value for GG suggests some volalility. |
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)
11.19
-0.23 (-2.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.01%
1 Week-3.53%
2 Weeks-2.86%
1 Month1.36%
3 Month7.91%
6 Month2.85%
12 Month-21.91%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.2
ATR(20)%2.21%
ATR Inc38.47%
Range Today0.34
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.42
Mansfield-0.59
10 Day High11.8
10 Day Low11.15
20 Day High11.8
20 Day Low10.6
52 Week High14.42
52 Week Low8.42
CS1 End10.54
CR1 Start11.19
Volume & EV
DER(3)0.08%
DER(5)0.64%
Volume34.51M
Volume Incr-17.2%
Vol(5)19.56M
Vol(50)24.61M