GLOBEX MINING ENTERPRISES (GMX.CA) Stock Technical Analysis
TSX:GMX • CA3799005093
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.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that GMX is one of the better performing stocks in the market, outperforming 83% of all stocks.
- GMX is currently trading near its 52 week high, which is a good sign. 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 2.31 - 2.80 range, which is quite wide. It is currently trading near the high of this range.
- GMX is part of the Metals & Mining industry. There are 812 other stocks in this industry, GMX did better than 55% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Besides having an excellent technical rating, GMX also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for GMX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.35
8 important support areas can be observed.
- Support @2.47 from a trend line in the daily time frame.
- Support @2.33 from a horizontal line in the daily time frame.
- Support @1.84 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 @1.54 from a trend line in the weekly time frame.
- Support @1.39 from a trend line in the weekly time frame.
- Support @1.36 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 2.71 to 2.71. 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 | UP | POSITIVE | The short term trend for GMX.CA is up. |
| ChartMill Relative Strength | 83.43 | POSITIVE | GMX.CA has a high relative strength, it outperformed 83.43% 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) | 65.87 | 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) | 70.75 | NEUTRAL | The Stochastics value for GMX.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.39 | HIGH VOLATILITY | The high ATR as a percentage value for GMX.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 39.18 | POSITIVE | The high ADX value value for GMX.CA suggests a strong trend. |
TSX:GMX (2/12/2026, 7:00:00 PM)
2.68
+0.03 (+1.13%)
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 65.8696. This indicates that the stock is currently neutral.
What is the MACD signal for GMX stock?
The MACD indicator for GLOBEX MINING ENTERPRISES (GMX.CA) has a value of -0.00695958, 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.