GAMCO GLOBAL GOLD NATURAL RE (GGN)       3.705  -0.02 (-0.4%)

3.705  -0.02 (-0.4%)

US36465A1097

Technical Rating

7

We assign a technical rating of 7 out of 10 to GGN. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, GGN is only an average performer.



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.
When compared to the yearly performance of all other stocks, GGN outperforms 64% of them, which is more or less in line with the market.
GGN is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
In the last month GGN has a been trading in a tight range between 3.68 and 3.85.

Statistics

1 Month 3 Months 6 Months 12 Months 1.64% 7.51% 5.98% -0.53% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 64.31 3.06 - 4.14
GGN Weekly chart
GGN Daily chart

Support/Resistance Analysis


3.34

4.20
When analyzing the support we can see 3 important areas.
  • A support zone ranging from 3.66 to 3.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @3.48 from a horizontal line in the daily time frame.
  • Support @3.37 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
  • Resistance @3.71 from a horizontal line in the daily time frame.
  • A resistance zone ranging from 3.79 to 3.85. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Resistance @3.98 from a horizontal line in the weekly time frame.
  • A resistance zone ranging from 4.07 to 4.16. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

5

Although GGN 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.


GGN Daily chart

GAMCO GLOBAL GOLD NATURAL RE3.705

NYSEARCA:GGN (2/6/2023, 12:42:57 PM)-0.02 (-0.4%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector N/A
GICS Industry N/A

Performance
Today -0.4% 1 Week -2.11%
2 Weeks -2.62% 1 Month 1.64%
3 Month 7.51% 6 Month 5.98%

Volatility
ATR(14) 0.06 ATR(20)% 1.57%
ATR Inc 40.88% Range Today 0.05

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 64.31 Mansfield -0.09
10 Day High 3.85 10 Day Low 3.72
20 Day High 3.85 20 Day Low 3.68
52 Week High 4.14 52 Week Low 3.06
CS1 End 3.71 CR1 Start 3.79

Volume & EV
DER(3) -0.14% DER(5) -1.78%
Volume 693.60K Volume Incr 9.55%
Vol(5) 634.78K Vol(50) 561.36K

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