GLOBEX MINING ENTERPRISES (GMX.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:GMX - CA3799005093 - Common Stock
Taking everything into account, GMX scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GMX is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, GMX did better than 81% of all other stocks. We also observe that the gains produced by GMX over the past year are nicely spread over this period.
- GMX is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month GMX has a been trading in the 1.69 - 2.73 range, which is quite wide. It is currently trading near the high of this range.
- GMX is an average performer in the Metals & Mining industry, it outperforms 47% of 817 stocks in the same industry.
- Volume is considerably higher in the last couple of days.
Although GMX 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
1.30
7 important support areas can be observed.
- A support zone ranging from 2.38 to 2.40. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @1.77 from a trend line in the daily time frame.
- Support @1.71 from a horizontal line in the daily time frame.
- Support @1.66 from a horizontal line in the daily time frame.
- Support @1.51 from a trend line in the weekly time frame.
- A support zone ranging from 1.36 to 1.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.31 from a trend 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 GMX.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GMX.CA is up. |
| ChartMill Relative Strength | 81.26 | POSITIVE | GMX.CA has a high relative strength, it outperformed 81.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GMX.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GMX.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GMX.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 83.05 | OVERBOUGHT | The high RSI value suggests GMX.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests GMX.CA has a positive trend. |
| Stochastics (14,3) | 90.76 | OVERBOUGHT | The high Stochastics value suggests GMX.CA may be overbought. |
| Average True Range in percent/ATR (20) | 4.58 | MEDIUM VOLATILITY | The ATR as a percentage value for GMX.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 49.54 | POSITIVE | The high ADX value value for GMX.CA suggests a strong trend. |
TSX:GMX (1/22/2026, 7:00:00 PM)
2.61
+0.16 (+6.53%)
GLOBEX MINING ENTERPRISES / GMX.CA FAQ
What is the ChartMill technical rating of GLOBEX MINING ENTERPRISES (GMX.CA) stock?
ChartMill assigns a technical rating of 10 / 10 to GMX.CA.
What is the trend direction for GMX stock?
The current trend direction for GLOBEX MINING ENTERPRISES (GMX.CA) is Bullish.
What is the RSI signal for GLOBEX MINING ENTERPRISES (GMX.CA) stock?
GLOBEX MINING ENTERPRISES (GMX.CA) has an RSI value of 83.0529. This indicates that the stock is currently overbought.
What is the MACD signal for GMX stock?
The MACD indicator for GLOBEX MINING ENTERPRISES (GMX.CA) has a value of 0.0492091, indicating a bearish trend.
What is the short term momentum for GMX stock?
The short term momentum for GLOBEX MINING ENTERPRISES (GMX.CA) is positive.