GALLEON GOLD CORP (GGO.CA) Stock Technical Analysis
Canada - TSX-V:GGO - CA36381N4093 - Common Stock
0.525 CAD
-0.02 (-2.78%)
We assign a technical rating of 8 out of 10 to GGO. 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.
Both the short term and long term trends are positive. This is a very positive sign.
GGO is one of the better performing stocks in the Metals & Mining industry, it outperforms 79% of 808 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.
Looking at the yearly performance, GGO did better than 91% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
In the last month GGO has a been trading in the 0.46 - 0.58 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although GGO has an excellent technical rating, it 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
0.23
0.58
When analyzing the support we can see 6 important areas.
- A support zone ranging from 0.51 to 0.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.50 to 0.50. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 0.47 to 0.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.28 to 0.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.24 from a horizontal line in the daily time frame.
- Support @0.23 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @0.57 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 | UP | POSITIVE | The short term trend for GGO.CA is up. |
| ChartMill Relative Strength | 91.88 | POSITIVE | GGO.CA has a high relative strength, it outperformed 91.88% 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) | 52.14 | 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) | 68.33 | NEUTRAL | The Stochastics value for GGO.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.48 | HIGH VOLATILITY | The high ATR as a percentage value for GGO.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 32.58 | POSITIVE | The high ADX value value for GGO.CA suggests a strong 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 (9/23/2025, 7:00:00 PM)
0.525
-0.02 (-2.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-2.78%
1 Week2.94%
2 Weeks-4.55%
1 Month-7.89%
3 Month114.29%
6 Month101.92%
12 Month92.66%
2 Year337.5%
3 Year208.82%
5 Year-61.11%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%5.48%
ATR Inc-15.66%
Range Today0.02
ADR(20)0.03
ADR(20)%5.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.88
Mansfield5.78
10 Day High0.56
10 Day Low0.46
20 Day High0.59
20 Day Low0.46
52 Week High0.6
52 Week Low0.16
CS1 End0.51
CR1 Start0.57
Volume & EV
DER(3)-2.62%
DER(5)-4.62%
Volume95.27K
Volume Incr31.78%
Vol(5)142.48K
Vol(50)131.74K