GOLDCORP INC NEW (GG) Technical Analysis
NYSE:GG
Current stock price
GG Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to GG. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, GG is a bad performer.
- 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 may just continue or reversal may be around the corner!
- 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 Weekly and Daily overview Charts
GG Setup Rating and Analysis
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
GG Support and Resistance Analysis
9.81
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.
GG 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 | 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. |
GG Chart- and CandleStick Pattern Analysis
GG Technicals: Chart, Performance Metrics, Trend & Indicators
11.19
-0.23 (-2.01%)
GOLDCORP INC NEW / GG TA FAQ
What is the technical rating for GG stock?
ChartMill assigns a technical rating of 6 / 10 to GG.
What is the trend direction for GG stock?
The current trend direction for GOLDCORP INC NEW (GG) is Bullish.
What is the RSI signal for GG stock?
GOLDCORP INC NEW (GG) has an RSI value of 45.3016. This indicates that the stock is currently neutral.
Can you provide the MACD signal for GOLDCORP INC NEW?
The MACD indicator for GOLDCORP INC NEW (GG) has a value of -0.0473066, indicating a bearish trend.