GLOBEX MINING ENTERPRISES (GMX.CA) Stock Technical Analysis
TSX:GMX - Toronto Stock Exchange - CA3799005093 - Common Stock - Currency: CAD
Taking everything into account, GMX scores 2 out of 10 in our technical rating. GMX has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Warning: GMX has an average volume of 22545 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When compared to the yearly performance of all other stocks, GMX outperforms 64% of them, which is more or less in line with the market.
GMX is part of the Metals & Mining industry. There are 805 other stocks in this industry, GMX did better than 50% 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.
In the last month GMX has a been trading in the 1.27 - 1.41 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, GMX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 1.36. Right above this resistance zone may be a good entry point.
More info and screens
0.87
1.48
We found 4 important support areas.
- Support @1.31 from a trend line in the daily time frame.
- Support @1.28 from a horizontal line in the daily time frame.
- A support zone ranging from 1.23 to 1.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.88 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 1.36 to 1.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.44 to 1.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for GMX.CA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GMX.CA is down. |
| ChartMill Relative Strength | 64.88 | NEUTRAL | GMX.CA is not amongst the best or worst performers 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 | MIXED | The current price of GMX.CA is below 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) | 44.35 | NEUTRAL | The RSI value for GMX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests GMX.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.22 | NEUTRAL | The Stochastics value for GMX.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.6 | MEDIUM VOLATILITY | The ATR as a percentage value for GMX.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 36.31 | POSITIVE | The high ADX value value for GMX.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:GMX (7/11/2025, 7:00:00 PM)
1.32
+0.01 (+0.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.76%
1 Week-3.65%
2 Weeks-4.35%
1 Month-3.65%
3 Month-7.04%
6 Month-0.75%
12 Month38.95%
2 Year60.98%
3 Year43.48%
5 Year127.59%
10 Year676.47%
15 Year-12%
Volatility
ATR(14)0.05
ATR(20)%3.6%
ATR Inc-22.22%
Range Today0.05
ADR(20)0.05
ADR(20)%3.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.88
Mansfield0.17
10 Day High1.39
10 Day Low1.27
20 Day High1.41
20 Day Low1.27
52 Week High1.63
52 Week Low0.8
CS1 End1.31
CR1 Start1.36
Volume & EV
DER(3)0%
DER(5)0%
Volume28.40K
Volume Incr190.04%
Vol(5)55.55K
Vol(50)22.55K