GOGOLD RESOURCES INC (GGD.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:GGD - CA38045Y1025 - Common Stock
Overall GGD gets a technical rating of 9 out of 10. GGD has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Although GGD has an excellent technical rating, the quality of the presented setup is not ideal 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
2.30
3 important support areas can be observed.
- A support zone ranging from 2.60 to 2.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.51 to 2.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.32 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @2.74 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for GGD.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GGD.CA is up. |
| ChartMill Relative Strength | 85.85 | POSITIVE | GGD.CA has a high relative strength, it outperformed 85.85% 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) | 56.27 | NEUTRAL | The RSI value for GGD.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests GGD.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.5 | OVERBOUGHT | The high Stochastics value suggests GGD.CA may be overbought. |
| Average True Range in percent/ATR (20) | 6.09 | HIGH VOLATILITY | The high ATR as a percentage value for GGD.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 13.72 | NEGATIVE | The low ADX value for GGD.CA suggests a weak or negative trend. |
TSX:GGD (12/5/2025, 7:00:00 PM)
2.66
+0.02 (+0.76%)
GOGOLD RESOURCES INC / GGD.CA FAQ
What is the technical rating for GGD stock?
ChartMill assigns a technical rating of 9 / 10 to GGD.CA.
Can you provide the trend direction for GOGOLD RESOURCES INC?
The current trend direction for GOGOLD RESOURCES INC (GGD.CA) is Bearish.
What is the RSI signal for GGD stock?
GOGOLD RESOURCES INC (GGD.CA) has an RSI value of 56.2654. This indicates that the stock is currently neutral.
Can you provide the MACD signal for GOGOLD RESOURCES INC?
The MACD indicator for GOGOLD RESOURCES INC (GGD.CA) has a value of 0.034309, indicating a bearish trend.
What are the support and resistance levels for GOGOLD RESOURCES INC (GGD.CA) stock?
GOGOLD RESOURCES INC (GGD.CA) has a support level at 2.65 and a resistance level at 2.74. Check the full technical report for our detailed analysis of GGD.CA support and resistance levels.