GAMCO GLBL GOLD NTRL RES INC (GGN) Stock Technical Analysis
USA - NYSEARCA:GGN - US36465A1097
4.985 USD
+0.04 (+0.91%)
4.995 USD
+0.01 (+0.2%)
Overall GGN gets a technical rating of 9 out of 10. Both in the recent history as in the last year, GGN 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!
When comparing the yearly performance of all stocks, we notice that GGN is one of the better performing stocks in the market, outperforming 70% of all stocks.
GGN is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
GGN 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.
Besides having an excellent technical rating, GGN also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
3.72
5.08
We found 3 important support areas.
- A support zone ranging from 4.55 to 4.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 4.30 to 4.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.76 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 5.00 to 5.03. 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 GGN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GGN is up. |
| ChartMill Relative Strength | 70.62 | POSITIVE | GGN has a high relative strength, it outperformed 70.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GGN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GGN is above the rising 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) | 71.64 | OVERBOUGHT | The high RSI value suggests GGN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests GGN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.62 | NEUTRAL | The Stochastics value for GGN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.1 | LOW VOLATILITY | The low ATR as a percentage value for GGN suggests low volalility. |
| Average Directional Index/ADX (14) | 40.12 | POSITIVE | The high ADX value value for GGN 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)
4.985
+0.04 (+0.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.91%
1 Week-0.1%
2 Weeks3.64%
1 Month8.84%
3 Month12.02%
6 Month16.47%
12 Month16.47%
2 Year36.2%
3 Year51.52%
5 Year46.19%
10 Year-0.1%
15 Year-71.43%
Volatility
ATR(14)0.05
ATR(20)%1.1%
ATR Inc-14.66%
Range Today0.06
ADR(20)0.05
ADR(20)%1.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.62
Mansfield0.39
10 Day High5.04
10 Day Low4.82
20 Day High5.04
20 Day Low4.59
52 Week High5.04
52 Week Low3.68
CS1 End4.69
CR1 Start5
Volume & EV
DER(3)-1.73%
DER(5)2.31%
Volume398.20K
Volume Incr-17.34%
Vol(5)424.00K
Vol(50)444.64K