GLOBEX MINING ENTERPRISES (GMX.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:GMX - CA3799005093 - Common Stock
Taking everything into account, GMX scores 6 out of 10 in our technical rating. 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.
Although the technical rating is only medium, GMX does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.76. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.71, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GMX in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.30
5 important support areas can be observed.
- A support zone ranging from 1.69 to 1.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.65 to 1.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.47 from a trend line in the weekly time frame.
- A support zone ranging from 1.36 to 1.37. 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.
We can see 2 important resistance areas.
- A resistance zone ranging from 1.76 to 1.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.85 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 | 76.61 | POSITIVE | GMX.CA has a high relative strength, it outperformed 76.61% 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) | DOWN | NEGATIVE | The current price of GMX.CA is below 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) | 48.16 | 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. |
| Stochastics (14,3) | 66.67 | NEUTRAL | The Stochastics value for GMX.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4 | MEDIUM VOLATILITY | The ATR as a percentage value for GMX.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 12.47 | NEGATIVE | The low ADX value for GMX.CA suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 1.78 | 1.69 | 0.09 (5.06%) | 19.78% |
| An entry @1.78. This is a Buy Stop order right above the resistance zone. | An exit @1.69. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.09 points, which is 5.06%. | When investing 19.78% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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 (12/23/2025, 7:00:00 PM)
1.73
-0.07 (-3.89%)
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 6 / 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 48.1584. 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 1.71 and a resistance level at 1.76. Check the full technical report for our detailed analysis of GMX.CA support and resistance levels.