GLOBEX MINING ENTERPRISES (GMX.CA) Stock Technical Analysis
Canada - TSX:GMX - CA3799005093 - Common Stock
1.66 CAD
-0.07 (-4.05%)
Overall GMX gets a technical rating of 9 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.
In the last month GMX has a been trading in the 1.63 - 2.05 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, GMX did better than 82% 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 part of the Metals & Mining industry. There are 792 other stocks in this industry, GMX did better than 56% of them.
GMX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GMX is lagging the market.
Considerably lower volume is observed in the last couple of days.
GMX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
1.23
1.68
When analyzing the support we can see 6 important areas.
- A support zone ranging from 1.65 to 1.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.54 from a trend line in the daily time frame.
- A support zone ranging from 1.41 to 1.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.34 to 1.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.28 from a horizontal line in the daily time frame.
- Support @1.24 from a horizontal 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 | NEUTRAL | NEUTRAL | The short term trend for GMX.CA is neutral. |
| ChartMill Relative Strength | 82.76 | POSITIVE | GMX.CA has a high relative strength, it outperformed 82.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GMX.CA is below a declining 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) | 45.54 | NEUTRAL | The RSI value for GMX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests GMX.CA has a negative trend. |
| Stochastics (14,3) | 8.55 | OVERSOLD | The low Stochastics value suggests GMX.CA may be oversold. |
| Average True Range in percent/ATR (20) | 6.48 | HIGH VOLATILITY | The high ATR as a percentage value for GMX.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 17.87 | NEGATIVE | The low ADX value for GMX.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)
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 |
|---|---|---|---|
| 1.73 | 1.64 | 0.09 (5.31%) | 18.83% |
| An entry @1.73. This is a Buy Stop order right above the 10 day moving average. | An exit @1.64. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.09 points, which is 5.31%. | For a 1.00% total portfolio risk, you can invest 18.83% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of GMX. Please evaluate whether better entry and exit points can be found.
- 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:GMX (11/6/2025, 7:00:00 PM)
1.66
-0.07 (-4.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-4.05%
1 Week-3.49%
2 Weeks-8.29%
1 Month-11.23%
3 Month25.76%
6 Month27.69%
12 Month61.17%
2 Year76.6%
3 Year147.76%
5 Year159.38%
10 Year538.46%
15 Year-26.22%
Volatility
ATR(14)0.11
ATR(20)%6.48%
ATR Inc54.41%
Range Today0.17
ADR(20)0.1
ADR(20)%6.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.76
3 months CRS81.3
6 months CRS71.66
Mansfield0.81
10 Day High1.84
10 Day Low1.63
20 Day High2.05
20 Day Low1.63
52 Week High2.05
52 Week Low1.04
CS1 End1.65
CR1 StartN/A
Volume & EV
DER(3)0%
DER(5)0%
Volume34.97K
Volume Incr-75.45%
Vol(5)20.76K
Vol(50)55.04K
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 9 / 10 to GMX.CA.
What is the current trend direction of GLOBEX MINING ENTERPRISES (GMX.CA) 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 45.5431. This indicates that the stock is currently neutral.
What are the support and resistance levels for GLOBEX MINING ENTERPRISES (GMX.CA) stock?
GLOBEX MINING ENTERPRISES (GMX.CA) has a support level at 1.65. Check the full technical report for our detailed analysis of GMX.CA support and resistance levels.