GALLEON GOLD CORP (GGO.CA) Stock Technical Analysis
Canada - TSX-V:GGO - CA36381N4093 - Common Stock
Overall GGO gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Besides having an excellent technical rating, GGO also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
0.24
3 important support areas can be observed.
- Support @0.55 from a horizontal line 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.
We found 1 important resistance area.
- A resistance zone ranging from 0.63 to 0.64. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 92.81 | POSITIVE | GGO.CA has a high relative strength, it outperformed 92.81% 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 | 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) | 51.32 | 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) | 16.67 | OVERSOLD | The low Stochastics value suggests GGO.CA may be oversold. |
| Average True Range in percent/ATR (20) | 9.48 | HIGH VOLATILITY | The high ATR as a percentage value for GGO.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 21.91 | NEUTRAL | The ADX value for GGO.CA suggests a possible start of a new trend. |
TSX-V:GGO (11/7/2025, 7:00:00 PM)
0.62
+0.05 (+8.77%)
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 7 / 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 51.3199. 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 -0.0109132, indicating a bearish trend.
What is the support and resistance level for GGO stock?
GALLEON GOLD CORP (GGO.CA) has a support level at 0.55 and a resistance level at 0.63. Check the full technical report for our detailed analysis of GGO.CA support and resistance levels.