GOGOLD RESOURCES INC (GGD.CA) Stock Technical Analysis
TSX:GGD - Toronto Stock Exchange - CA38045Y1025 - Common Stock - Currency: CAD
We assign a technical rating of 9 out of 10 to GGD. Both in the recent history as in the last year, GGD has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
GGD is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so GGD is performing more or less in line with the market.
GGD is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When comparing the yearly performance of all stocks, we notice that GGD is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
GGD is an average performer in the Metals & Mining industry, it outperforms 68% of 807 stocks in the same industry.
Besides having an excellent technical rating, GGD also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 2.21, a Stop Loss order could be placed below this zone.
More info and screens
1.05
2.24
6 important support areas can be observed.
- A support zone ranging from 2.20 to 2.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.88 to 1.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.77 from a trend line in the weekly time frame.
- A support zone ranging from 1.67 to 1.68. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @1.16 from a trend line in the weekly time frame.
- Support @1.06 from a horizontal line in the daily 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 GGD.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GGD.CA is up. |
| ChartMill Relative Strength | 85.95 | POSITIVE | GGD.CA has a high relative strength, it outperformed 85.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GGD.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GGD.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GGD.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.68 | NEUTRAL | The RSI value for GGD.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests GGD.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.67 | NEUTRAL | The Stochastics value for GGD.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.36 | MEDIUM VOLATILITY | The ATR as a percentage value for GGD.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 31.2 | POSITIVE | The high ADX value value for GGD.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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.41 | 2.19 | 0.22 (9.32%) | 10.73% |
| An entry @2.41. This is a Buy Stop order right above the 10 day high. | An exit @2.19. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.22 points, which is 9.32%. | For a 1.00% total portfolio risk, you can invest 10.73% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:GGD (6/12/2025, 7:00:00 PM)
2.22
-0.02 (-0.89%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.89%
1 Week-4.31%
2 Weeks16.84%
1 Month32.14%
3 Month15.03%
6 Month96.46%
12 Month58.57%
2 Year46.05%
3 Year8.29%
5 Year122%
10 Year48%
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%4.36%
ATR Inc-30.95%
Range Today0.06
ADR(20)0.09
ADR(20)%4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.95
Mansfield4.1
10 Day High2.4
10 Day Low1.9
20 Day High2.4
20 Day Low1.65
52 Week High2.4
52 Week Low1.04
CS1 End2.21
CR1 StartN/A
Volume & EV
DER(3)-4.03%
DER(5)-3.47%
Volume449.64K
Volume Incr-34.58%
Vol(5)576.55K
Vol(50)761.50K