GALLEON GOLD CORP (GGO.CA) Stock Technical Analysis
TSX-V:GGO - TSX Venture Exchange - CA36381N4093 - Common Stock - Currency: CAD
Overall GGO gets a technical rating of 4 out of 10. GGO has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
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.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the yearly performance of all stocks, we notice that GGO is one of the better performing stocks in the market, outperforming 76% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
GGO is part of the Metals & Mining industry. There are 808 other stocks in this industry, GGO did better than 58% of them.
In the last month GGO has a been trading in the 0.24 - 0.32 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GGO has an average technical rating and it also does not offer a high quality setup 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
0.17
0.31
We found 6 important support areas.
- Support @0.28 from a horizontal line in the daily time frame.
- A support zone ranging from 0.26 to 0.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.24 to 0.24. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 0.23 to 0.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.20 from a trend line in the weekly time frame.
- A support zone ranging from 0.17 to 0.17. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @0.29 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 0.31 to 0.31. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for GGO.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GGO.CA is neutral. |
| ChartMill Relative Strength | 76.41 | POSITIVE | GGO.CA has a high relative strength, it outperformed 76.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GGO.CA is above a declining 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) | 49.24 | NEUTRAL | The RSI value for GGO.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests GGO.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.44 | NEUTRAL | The Stochastics value for GGO.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.04 | HIGH VOLATILITY | The high ATR as a percentage value for GGO.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 19.21 | NEGATIVE | The low ADX value for GGO.CA suggests a weak or negative 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)
TSX-V:GGO (7/2/2025, 7:00:00 PM)
0.29
+0.04 (+18.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg18.37%
1 Week-2.75%
2 Weeks1.92%
1 Month-14.52%
3 Month6%
6 Month39.47%
12 Month39.47%
2 Year47.22%
3 Year-23.19%
5 Year-77.92%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%6.04%
ATR Inc50%
Range Today0.02
ADR(20)0.02
ADR(20)%5.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.41
Mansfield0.39
10 Day High0.28
10 Day Low0.25
20 Day High0.32
20 Day Low0.25
52 Week High0.33
52 Week Low0.16
CS1 End0.24
CR1 Start0.26
Volume & EV
DER(3)0%
DER(5)0%
Volume210.63K
Volume Incr-56.58%
Vol(5)51.57K
Vol(50)75.15K