GOLDMINING INC (GLDG) Stock Technical Analysis
USA - NYSEARCA:GLDG - CA38149E1016 - Common Stock
1.53 USD
-0.11 (-6.71%)
1.55 USD
+0.02 (+1.31%)
We assign a technical rating of 9 out of 10 to GLDG. Both in the recent history as in the last year, GLDG 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.
GLDG 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 GLDG is lagging the market slightly.
GLDG has an average volume of 2507330 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 95% of all stocks. However, this relatively good performance is mostly due to a recent big move.
GLDG is an average performer in the Metals & Mining industry, it outperforms 68% of 156 stocks in the same industry.
In the last month GLDG has a been trading in the 1.14 - 1.79 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although GLDG 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
0.71
1.55
When analyzing the support we can see 3 important areas.
- Support @0.88 from a trend line in the daily time frame.
- Support @0.77 from a horizontal line in the daily time frame.
- Support @0.72 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 | 95.04 | POSITIVE | GLDG has a high relative strength, it outperformed 95.04% 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) | 59.23 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 74.95 | NEUTRAL | The Stochastics value for GLDG is a neutral value. |
| Average True Range in percent/ATR (20) | 7.4 | HIGH VOLATILITY | The high ATR as a percentage value for GLDG suggests high volalility. |
| Average Directional Index/ADX (14) | 56.43 | POSITIVE | The high ADX value value for GLDG 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)
1.53
-0.11 (-6.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-6.71%
1 Week-10.53%
2 Weeks23.39%
1 Month30.77%
3 Month99.66%
6 Month83.7%
12 Month56.6%
2 Year95.65%
3 Year76.88%
5 Year-29.17%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%7.4%
ATR Inc19.88%
Range Today0.1
ADR(20)0.1
ADR(20)%6.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.04
Mansfield5.83
10 Day High1.8
10 Day Low1.26
20 Day High1.8
20 Day Low1.14
52 Week High1.8
52 Week Low0.71
CS1 End0.88
CR1 StartN/A
Volume & EV
DER(3)-0.75%
DER(5)0.61%
Volume3.68M
Volume Incr29.93%
Vol(5)4.51M
Vol(50)2.51M