GALLEON GOLD CORP (GGO.CA) Stock Technical Analysis
Canada - TSX-V:GGO - CA36381N4093 - Common Stock
Overall GGO gets a technical rating of 9 out of 10. Both in the recent history as in the last year, GGO has proven to be a steady performer, scoring decent points in every aspect analyzed.
GGO has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
0.24
4 important support areas can be observed.
- Support @0.60 from a trend line in the daily time frame.
- A support zone ranging from 0.58 to 0.58. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @0.53 from a trend line in the daily time frame.
- Support @0.24 from a horizontal 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 | NEUTRAL | NEUTRAL | The short term trend for GGO.CA is neutral. |
| ChartMill Relative Strength | 92.38 | POSITIVE | GGO.CA has a high relative strength, it outperformed 92.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GGO.CA is below 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) | 50.08 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 20 | NEUTRAL | The Stochastics value for GGO.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 10.28 | HIGH VOLATILITY | The high ATR as a percentage value for GGO.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 27.93 | POSITIVE | The high ADX value value for GGO.CA suggests a strong trend. |
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 |
|---|---|---|---|
| 0.64 | 0.59 | 0.05 (8.39%) | 11.93% |
| An entry @0.64. This is a Buy Stop order right above the 10 day moving average. | An exit @0.59. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.05 points, which is 8.39%. | For a 1.00% total portfolio risk, you can invest 11.93% of your capital in this trade. |
- 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.
TSX-V:GGO (11/3/2025, 7:00:00 PM)
0.62
+0.02 (+3.33%)
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 9 / 10 to GGO.CA.
What is the current trend direction of GALLEON GOLD CORP (GGO.CA) stock?
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 50.0831. This indicates that the stock is currently neutral.
What is the MACD signal for GGO stock?
The MACD indicator for GALLEON GOLD CORP (GGO.CA) has a value of -0.0126056, indicating a bearish trend.
What is the support and resistance level for GGO stock?
GALLEON GOLD CORP (GGO.CA) has a support level at 0.6. Check the full technical report for our detailed analysis of GGO.CA support and resistance levels.