GRAPHENE MANUFACTURING GROUP (GMG.CA) Stock Technical Analysis
TSX-V:GMG - TSX Venture Exchange - AU0000139990 - Common Stock - Currency: CAD
Overall GMG gets a technical rating of 10 out of 10. GMG has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, GMG did better than 90% of all other stocks. We also observe that the gains produced by GMG over the past year are nicely spread over this period.
In the last month GMG has a been trading in the 0.57 - 1.03 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
GMG is an average performer in the Electrical Equipment industry, it outperforms 60% of 16 stocks in the same industry.
GMG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GMG is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although GMG has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.56
1.13
We found 2 important support areas.
- A support zone ranging from 0.59 to 0.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.57 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @1.12 from a horizontal line in the weekly 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 GMG.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GMG.CA is up. |
| ChartMill Relative Strength | 90.91 | POSITIVE | GMG.CA has a high relative strength, it outperformed 90.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GMG.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GMG.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GMG.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 84.63 | OVERBOUGHT | The high RSI value suggests GMG.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests GMG.CA has a positive trend. |
| Stochastics (14,3) | 93.1 | OVERBOUGHT | The high Stochastics value suggests GMG.CA may be overbought. |
| Average True Range in percent/ATR (20) | 4.9 | MEDIUM VOLATILITY | The ATR as a percentage value for GMG.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 43.44 | POSITIVE | The high ADX value value for GMG.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:GMG (7/29/2025, 7:00:00 PM)
0.99
+0.15 (+17.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg17.86%
1 Week28.75%
2 Weeks53.73%
1 Month74.58%
3 Month51.47%
6 Month24.1%
12 Month87.27%
2 Year-52.75%
3 Year-70.74%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%4.9%
ATR Inc126.76%
Range Today0.19
ADR(20)0.05
ADR(20)%4.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.91
Mansfield3.73
10 Day High1.03
10 Day Low0.64
20 Day High1.03
20 Day Low0.57
52 Week High1.21
52 Week Low0.49
CS1 End0.59
CR1 Start1.12
Volume & EV
DER(3)8.31%
DER(5)4.98%
Volume315.56K
Volume Incr33.08%
Vol(5)175.18K
Vol(50)97.53K