GAMCO GLBL GOLD NTRL RES INC (GGN) Technical Analysis
NYSEARCA:GGN • US36465A1097
Current stock price
GGN Technical Rating and Analysis
Taking everything into account, GGN scores 3 out of 10 in our technical rating. Although GGN is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Looking at the yearly performance, GGN did better than 70% of all other stocks. On top of that, GGN also shows a nice and consistent pattern of rising prices.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- GGN 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 GGN is lagging the market slightly.
- In the last month GGN has a been trading in the 4.69 - 5.76 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GGN Weekly and Daily overview Charts
GGN Setup Rating and Analysis
GGN has a poor technical rating and the quality of the setup is also only medium 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
GGN Support and Resistance Analysis
4.48
2 important support areas can be observed.
- A support zone ranging from 4.77 to 4.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.53 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 5.69 to 5.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
GGN 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 | NEUTRAL | NEUTRAL | The long term trend for GGN is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GGN is down. |
| ChartMill Relative Strength | 70.36 | POSITIVE | GGN has a high relative strength, it outperformed 70.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GGN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GGN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GGN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.11 | NEUTRAL | The RSI value for GGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests GGN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 52.17 | NEUTRAL | The Stochastics value for GGN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.28 | MEDIUM VOLATILITY | The ATR as a percentage value for GGN suggests some volalility. |
| Average Directional Index/ADX (14) | 31.25 | POSITIVE | The high ADX value value for GGN suggests a strong trend. |
GGN Chart- and CandleStick Pattern Analysis
GGN Technicals: Chart, Performance Metrics, Trend & Indicators
5.11
-0.13 (-2.48%)
GAMCO GLBL GOLD NTRL RES INC / GGN TA FAQ
What is the technical rating for GGN stock?
ChartMill assigns a technical rating of 3 / 10 to GGN.
What is the trend direction for GGN stock?
The current trend direction for GAMCO GLBL GOLD NTRL RES INC (GGN) is Bearish.
What is the RSI signal for GGN stock?
GAMCO GLBL GOLD NTRL RES INC (GGN) has an RSI value of 42.1147. This indicates that the stock is currently neutral.
What is the support and resistance level for GGN stock?
GAMCO GLBL GOLD NTRL RES INC (GGN) has a support level at 4.86 and a resistance level at 5.69. Check the full technical report for our detailed analysis of GGN support and resistance levels.