GALLEON GOLD CORP (GGO.CA) Technical Analysis
TSX-V:GGO • CA36381N4093
Current stock price
GGO.CA Technical Rating and Analysis
Taking everything into account, GGO scores 6 out of 10 in our technical rating. In the last year, GGO was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
- In the last month GGO has a been trading in the 0.92 - 1.11 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, GGO did better than 94% of all other stocks. On top of that, GGO also shows a nice and consistent pattern of rising prices.
- GGO is one of the better performing stocks in the Metals & Mining industry, it outperforms 88% of 803 stocks in the same industry.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- GGO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GGO is lagging the market.
- Considerably lower volume is observed in the last couple of days.
GGO.CA Weekly and Daily overview Charts
GGO.CA Setup Rating and Analysis
GGO has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 0.90, a Stop Loss order could be placed below this zone.
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GGO.CA Support and Resistance Analysis
0.88
When analyzing the support we notice one important area.
- A support zone ranging from 0.89 to 0.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 0.99 to 1.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.05 from a trend line in the daily time frame.
- A resistance zone ranging from 1.09 to 1.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
GGO.CA 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 | UP | POSITIVE | The long term trend for GGO.CA is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GGO.CA is down. |
| ChartMill Relative Strength | 94.84 | POSITIVE | GGO.CA has a high relative strength, it outperformed 94.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GGO.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of GGO.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GGO.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.68 | NEUTRAL | The RSI value for GGO.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests GGO.CA has a negative trend. |
| Stochastics (14,3) | 14.04 | OVERSOLD | The low Stochastics value suggests GGO.CA may be oversold. |
| Average True Range in percent/ATR (20) | 7.95 | HIGH VOLATILITY | The high ATR as a percentage value for GGO.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 14.35 | NEGATIVE | The low ADX value for GGO.CA suggests a weak or negative trend. |
GGO.CA Chart- and CandleStick Pattern Analysis
GGO.CA Example Setup
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 |
|---|---|---|---|
| 1.01 | 0.91 | 0.10 (9.90%) | 10.10% |
| An entry @1.01. This is a Buy Stop order right above the resistance zone. | An exit @0.91. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.10 points, which is 9.90%. | When investing 10.10% 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 GGO. 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.
GGO.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX-V:GGO (4/30/2026, 7:00:00 PM)
0.95
+0.01 (+1.06%)
GALLEON GOLD CORP / GGO.CA TA FAQ
What is the ChartMill technical rating of GALLEON GOLD CORP (GGO.CA) stock?
ChartMill assigns a technical rating of 6 / 10 to GGO.CA.
Can you provide the trend direction for GALLEON GOLD CORP?
The current trend direction for GALLEON GOLD CORP (GGO.CA) is Bullish.
Can you provide the RSI signal for GALLEON GOLD CORP?
GALLEON GOLD CORP (GGO.CA) has an RSI value of 44.6754. This indicates that the stock is currently neutral.
What is the short term momentum for GALLEON GOLD CORP (GGO.CA) stock?
The short term momentum for GALLEON GOLD CORP (GGO.CA) is negative.
Can you provide the support and resistance levels for GALLEON GOLD CORP?
GALLEON GOLD CORP (GGO.CA) has a support level at 0.9 and a resistance level at 0.99. Check the full technical report for our detailed analysis of GGO.CA support and resistance levels.