GOGOLD RESOURCES INC (GGD.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:GGD - CA38045Y1025 - Common Stock
Overall GGD gets a technical rating of 10 out of 10. 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.
Besides having an excellent technical rating, GGD also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.96. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.78, a Stop Loss order could be placed below this zone.
More info and screens
2.29
3 important support areas can be observed.
- A support zone ranging from 2.76 to 2.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.38 to 2.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.31 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.96 to 2.98. This zone is formed by a combination of multiple trend lines 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 | 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 | 88.52 | POSITIVE | GGD.CA has a high relative strength, it outperformed 88.52% 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) | 61.26 | NEUTRAL | The RSI value for GGD.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests GGD.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.83 | NEUTRAL | The Stochastics value for GGD.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.31 | HIGH VOLATILITY | The high ATR as a percentage value for GGD.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 21.7 | NEUTRAL | The ADX value for GGD.CA suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 2.99 | 2.75 | 0.24 (8.03%) | 12.46% |
| An entry @2.99. This is a Buy Stop order right above the resistance zone. | An exit @2.75. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.24 points, which is 8.03%. | When investing 12.46% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of GGD. Please evaluate whether better entry and exit points can be found.
- 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 (12/23/2025, 7:00:00 PM)
2.95
-0.01 (-0.34%)
GOGOLD RESOURCES INC / GGD.CA FAQ
What is the technical rating for GGD stock?
ChartMill assigns a technical rating of 10 / 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 Bullish.
What is the RSI signal for GGD stock?
GOGOLD RESOURCES INC (GGD.CA) has an RSI value of 61.2609. 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 0.0144211, 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 2.78 and a resistance level at 2.96. Check the full technical report for our detailed analysis of GGD.CA support and resistance levels.