GRAPHENE MANUFACTURING GROUP (GMG.CA) Stock Technical Analysis
TSX-V:GMG - AU0000139990 - Common Stock
Overall GMG gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Besides having an excellent technical rating, GMG 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 0.82, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GMG 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.
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0.57
When analyzing the support we can see 4 important areas.
- A support zone ranging from 0.81 to 0.82. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @0.61 from a trend line in the weekly time frame.
- Support @0.60 from a trend line in the daily time frame.
- Support @0.58 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @1.01 from a horizontal line in the daily time frame.
- Resistance @1.16 from a trend 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 | NEUTRAL | NEUTRAL | The short term trend for GMG.CA is neutral. |
| ChartMill Relative Strength | 80.83 | POSITIVE | GMG.CA has a high relative strength, it outperformed 80.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GMG.CA is below a declining 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) | 49.29 | NEUTRAL | The RSI value for GMG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests GMG.CA has a negative trend. |
| Stochastics (14,3) | 19.91 | OVERSOLD | The low Stochastics value suggests GMG.CA may be oversold. |
| Average True Range in percent/ATR (20) | 10.8 | HIGH VOLATILITY | The high ATR as a percentage value for GMG.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 29.42 | POSITIVE | The high ADX value value for GMG.CA suggests a strong 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 |
|---|---|---|---|
| 1.02 | 0.81 | 0.21 (20.59%) | 4.86% |
| An entry @1.02. This is a Buy Stop order right above the resistance zone. | An exit @0.81. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.21 points, which is 20.59%. | When investing 4.86% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
TSX-V:GMG (9/3/2025, 7:00:00 PM)
0.88
+0.05 (+6.02%)