Taking everything into account, GLDG scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GLDG is showing a nice and steady performance.
GLDG 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. There is a support zone below the current price at 1.38, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GLDG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.77
4 important support areas can be observed.
- A support zone ranging from 1.35 to 1.38. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @1.32 from a trend line in the daily time frame.
- A support zone ranging from 1.25 to 1.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.78 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @1.45 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 GLDG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GLDG is up. |
| ChartMill Relative Strength | 93.99 | POSITIVE | GLDG has a high relative strength, it outperformed 93.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GLDG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GLDG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GLDG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.06 | NEUTRAL | The RSI value for GLDG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests GLDG has a positive trend. |
| Stochastics (14,3) | 49.02 | NEUTRAL | The Stochastics value for GLDG is a neutral value. |
| Average True Range in percent/ATR (20) | 6.04 | HIGH VOLATILITY | The high ATR as a percentage value for GLDG suggests high volalility. |
| Average Directional Index/ADX (14) | 17.82 | NEGATIVE | The low ADX value for GLDG suggests a weak or negative 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 |
|---|---|---|---|
| 1.46 | 1.34 | 0.12 (8.22%) | 12.17% |
| An entry @1.46. This is a Buy Stop order right above the resistance zone. | An exit @1.34. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.12 points, which is 8.22%. | For a 1.00% total portfolio risk, you can invest 12.17% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of GLDG. 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.
1.39
+0.01 (+0.72%)
GOLDMINING INC / GLDG FAQ
What is the technical rating for GLDG stock?
ChartMill assigns a technical rating of 10 / 10 to GLDG.
Can you provide the trend direction for GOLDMINING INC?
The current trend direction for GOLDMINING INC (GLDG) is Bullish.
Can you provide the RSI signal for GOLDMINING INC?
GOLDMINING INC (GLDG) has an RSI value of 52.0637. This indicates that the stock is currently neutral.
What is the MACD signal for GLDG stock?
The MACD indicator for GOLDMINING INC (GLDG) has a value of 0.00375098, indicating a bearish trend.
What are the support and resistance levels for GOLDMINING INC (GLDG) stock?
GOLDMINING INC (GLDG) has a support level at 1.38 and a resistance level at 1.45. Check the full technical report for our detailed analysis of GLDG support and resistance levels.