GOLDEN RIDGE RESOURCES LTD (GLDN.CA) Stock Technical Analysis
Canada - TSX-V:GLDN - CA38116T2065 - Common Stock
We assign a technical rating of 6 out of 10 to GLDN. GLDN has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
GLDN has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.07
When analyzing the support we notice one important area.
- A support zone ranging from 0.07 to 0.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 0.08 to 0.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.09 to 0.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for GLDN.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GLDN.CA is neutral. |
| ChartMill Relative Strength | 67.36 | NEUTRAL | GLDN.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GLDN.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of GLDN.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of GLDN.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.42 | NEUTRAL | The RSI value for GLDN.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests GLDN.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.22 | NEUTRAL | The Stochastics value for GLDN.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.33 | HIGH VOLATILITY | The high ATR as a percentage value for GLDN.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 18.51 | NEGATIVE | The low ADX value for GLDN.CA suggests a weak or negative trend. |
TSX-V:GLDN (6/4/2024, 7:00:00 PM)
0.075
-0.01 (-16.67%)
GOLDEN RIDGE RESOURCES LTD / GLDN.CA FAQ
What is the ChartMill technical rating of GOLDEN RIDGE RESOURCES LTD (GLDN.CA) stock?
ChartMill assigns a technical rating of 6 / 10 to GLDN.CA.
Can you provide the trend direction for GOLDEN RIDGE RESOURCES LTD?
The current trend direction for GOLDEN RIDGE RESOURCES LTD (GLDN.CA) is Bearish.
What is the RSI signal for GOLDEN RIDGE RESOURCES LTD (GLDN.CA) stock?
GOLDEN RIDGE RESOURCES LTD (GLDN.CA) has an RSI value of 47.4162. This indicates that the stock is currently neutral.
What is the short term momentum for GLDN stock?
The short term momentum for GOLDEN RIDGE RESOURCES LTD (GLDN.CA) is neutral.