GOLDMINING INC (GLDG) Technical Analysis
NYSEARCA:GLDG • CA38149E1016
Current stock price
GLDG Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to GLDG. GLDG has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- GLDG is part of the Metals & Mining industry. There are 157 other stocks in this industry, of which 66% are performing better than GLDG.
- In the last month GLDG has a been trading in the 1.04 - 1.61 range, which is quite wide. It is currently trading near the lows of this range.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- GLDG has an average volume of 4001590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that GLDG is one of the better performing stocks in the market, outperforming 74% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- GLDG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GLDG is lagging the market slightly.
GLDG Weekly and Daily overview Charts
GLDG Setup Rating and Analysis
GLDG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 1.25. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.12, 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
GLDG Support and Resistance Analysis
1.08
2 important support areas can be observed.
- A support zone ranging from 1.12 to 1.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.09 to 1.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 1.25 to 1.26. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.29 from a trend line in the daily time frame.
GLDG Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for GLDG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GLDG is down. |
| ChartMill Relative Strength | 74.66 | POSITIVE | GLDG has a high relative strength, it outperformed 74.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GLDG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GLDG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of GLDG is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.91 | NEUTRAL | The RSI value for GLDG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests GLDG has a positive trend. |
| Stochastics (14,3) | 45.42 | NEUTRAL | The Stochastics value for GLDG is a neutral value. |
| Average True Range in percent/ATR (20) | 7.19 | HIGH VOLATILITY | The high ATR as a percentage value for GLDG suggests high volalility. |
| Average Directional Index/ADX (14) | 28.59 | POSITIVE | The high ADX value value for GLDG suggests a strong trend. |
GLDG Chart- and CandleStick Pattern Analysis
GLDG Technicals: Chart, Performance Metrics, Trend & Indicators
1.2
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GOLDMINING INC / GLDG TA FAQ
What is the technical rating for GLDG stock?
ChartMill assigns a technical rating of 1 / 10 to GLDG.
What is the current trend direction of GOLDMINING INC (GLDG) stock?
The current trend direction for GOLDMINING INC (GLDG) is Bearish.
What is the RSI signal for GLDG stock?
GOLDMINING INC (GLDG) has an RSI value of 40.9078. This indicates that the stock is currently neutral.
What is the MACD signal for GOLDMINING INC (GLDG) stock?
The MACD indicator for GOLDMINING INC (GLDG) has a value of 0.012824, indicating a bearish trend.
Can you provide the buy/sell signal for GOLDMINING INC?
The buy/sell signal for GOLDMINING INC (GLDG) is sell as both the short term and long term trends are negative.