GALLEON GOLD CORP (GGO.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:GGO - CA36381N4093 - Common Stock
We assign a technical rating of 10 out of 10 to GGO. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GGO is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, GGO did better than 95% of all other stocks. We also observe that the gains produced by GGO over the past year are nicely spread over this period.
- GGO is one of the better performing stocks in the Metals & Mining industry, it outperforms 88% of 820 stocks in the same industry.
- GGO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so GGO is lagging the market slightly.
- In the last month GGO has a been trading in the 1.01 - 1.38 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
GGO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
0.64
When analyzing the support we can see 4 important areas.
- A support zone ranging from 1.23 to 1.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.18 from a horizontal line in the daily time frame.
- Support @0.71 from a trend line in the daily time frame.
- Support @0.65 from a trend line in the daily time frame.
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 | UP | POSITIVE | The short term trend for GGO.CA is up. |
| ChartMill Relative Strength | 95.84 | POSITIVE | GGO.CA has a high relative strength, it outperformed 95.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GGO.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GGO.CA is above 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) | 59.9 | NEUTRAL | The RSI value for GGO.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests GGO.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 37.88 | NEUTRAL | The Stochastics value for GGO.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.6 | HIGH VOLATILITY | The high ATR as a percentage value for GGO.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 50.25 | POSITIVE | The high ADX value value for GGO.CA suggests a strong trend. |
TSX-V:GGO (1/28/2026, 7:00:00 PM)
1.25
0 (0%)
GALLEON GOLD CORP / GGO.CA FAQ
What is the ChartMill technical rating of GALLEON GOLD CORP (GGO.CA) stock?
ChartMill assigns a technical rating of 10 / 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.
What is the RSI signal for GALLEON GOLD CORP (GGO.CA) stock?
GALLEON GOLD CORP (GGO.CA) has an RSI value of 59.8953. This indicates that the stock is currently neutral.
Can you provide the short term momentum for GALLEON GOLD CORP?
The short term momentum for GALLEON GOLD CORP (GGO.CA) is positive.
What are the support and resistance levels for GALLEON GOLD CORP (GGO.CA) stock?
GALLEON GOLD CORP (GGO.CA) has a support level at 1.25. Check the full technical report for our detailed analysis of GGO.CA support and resistance levels.