GLOBEX MINING ENTERPRISES (GMX.CA) Stock Technical Analysis
TSX:GMX - Toronto Stock Exchange - CA3799005093 - Common Stock - Currency: CAD
Overall GMX gets a technical rating of 4 out of 10. GMX was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
Warning: GMX has an average volume of 24678 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, GMX did better than 79% of all other stocks.
GMX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so GMX is lagging the market slightly.
In the last month GMX has a been trading in the 1.33 - 1.50 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
GMX is an average performer in the Metals & Mining industry, it outperforms 60% of 811 stocks in the same industry.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, GMX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 1.41. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.39, a Stop Loss order could be placed below this zone.
More info and screens
0.87
1.62
3 important support areas can be observed.
- A support zone ranging from 1.34 to 1.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.24 to 1.24. 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 3 important areas.
- A resistance zone ranging from 1.41 to 1.42. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @1.45 from a horizontal line in the daily time frame.
- A resistance zone ranging from 1.59 to 1.60. 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 | 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 | 79.01 | POSITIVE | GMX.CA has a high relative strength, it outperformed 79.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GMX.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of GMX.CA is above a declining 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) | 51.98 | NEUTRAL | The RSI value for GMX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests GMX.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 59.26 | NEUTRAL | The Stochastics value for GMX.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.14 | MEDIUM VOLATILITY | The ATR as a percentage value for GMX.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 19.28 | 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)
TSX:GMX (6/25/2025, 7:00:00 PM)
1.4
+0.02 (+1.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.45%
1 Week-0.71%
2 Weeks1.45%
1 Month-2.78%
3 Month-4.11%
6 Month18.64%
12 Month47.37%
2 Year94.44%
3 Year37.25%
5 Year278.38%
10 Year636.84%
15 Year-12.5%
Volatility
ATR(14)0.04
ATR(20)%3.14%
ATR Inc-32.26%
Range Today0.03
ADR(20)0.04
ADR(20)%3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.01
Mansfield1.16
10 Day High1.41
10 Day Low1.34
20 Day High1.5
20 Day Low1.33
52 Week High1.63
52 Week Low0.8
CS1 End1.39
CR1 Start1.41
Volume & EV
DER(3)0%
DER(5)0%
Volume4.05K
Volume Incr-71.47%
Vol(5)6.58K
Vol(50)24.68K