GRAPHENE MANUFACTURING GROUP (GMG.CA) Stock Technical Analysis
TSX-V:GMG - TSX Venture Exchange - AU0000139990 - Common Stock - Currency: CAD
We assign a technical rating of 0 out of 10 to GMG. GMG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
81% of all other stocks performed better in the past year than GMG.
GMG is one of the lesser performing stocks in the Electrical Equipment industry. 61% of 14 stocks in the same industry do better.
GMG is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GMG is lagging the market.
In the last month GMG has a been trading in the 0.57 - 0.71 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
GMG 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 0.65. Right above this resistance zone may be a good entry point.
More info and screens
0.55
1.00
6 important support areas can be observed.
- A support zone ranging from 0.63 to 0.64. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 0.61 to 0.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.59 from a horizontal line in the daily time frame.
- Support @0.58 from a trend line in the weekly time frame.
- Support @0.57 from a trend line in the daily time frame.
- Support @0.56 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 0.65 to 0.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.70 from a horizontal line in the daily time frame.
- Resistance @0.99 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 | DOWN | NEGATIVE | The long term trend for GMG.CA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GMG.CA is neutral. |
| ChartMill Relative Strength | 19.18 | NEGATIVE | GMG.CA has a low relative strength, it was outperformed by 80.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GMG.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of GMG.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of GMG.CA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.48 | NEUTRAL | The RSI value for GMG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests GMG.CA has a positive trend. |
| Stochastics (14,3) | 66.67 | NEUTRAL | The Stochastics value for GMG.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.85 | MEDIUM VOLATILITY | The ATR as a percentage value for GMG.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 11.72 | NEGATIVE | The low ADX value for GMG.CA suggests a weak or negative 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 (6/6/2025, 7:00:00 PM)
0.65
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg0%
1 Week4.84%
2 Weeks3.17%
1 Month-7.14%
3 Month-36.89%
6 Month10.17%
12 Month14.04%
2 Year-72.22%
3 Year-76.19%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%4.85%
ATR Inc-25.53%
Range Today0.02
ADR(20)0.03
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
CRS19.18
Mansfield-0.8
10 Day High0.67
10 Day Low0.58
20 Day High0.71
20 Day Low0.57
52 Week High1.21
52 Week Low0.49
CS1 End0.64
CR1 Start0.65
Volume & EV
DER(3)-1.23%
DER(5)-1.15%
Volume37.78K
Volume Incr-19.19%
Vol(5)39.74K
Vol(50)64.60K