GOLDEN TAG RESOURCES (GOG.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:GOG - CA38121P1080 - Common Stock
Taking everything into account, GOG scores 1 out of 10 in our technical rating. GOG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, GOG is a bad performer in the overall market: 87% of all stocks are doing better.
- GOG is one of the lesser performing stocks in the Metals & Mining industry. 84% of 820 stocks in the same industry do better.
- GOG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- In the last month GOG has a been trading in the 0.10 - 0.13 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GOG has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 0.12. Right above this resistance zone may be a good entry point.
More info and screens
0.10
When analyzing the support we can see 2 important areas.
- Support @0.11 from a trend line in the weekly time frame.
- A support zone ranging from 0.10 to 0.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 0.12 to 0.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.14 from a trend line in the weekly time frame.
- Resistance @0.15 from a trend 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 | DOWN | NEGATIVE | The long term trend for GOG.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GOG.CA is down. |
| ChartMill Relative Strength | 13.89 | NEGATIVE | GOG.CA has a low relative strength, it was outperformed by 86.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GOG.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GOG.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GOG.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.11 | NEUTRAL | The RSI value for GOG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests GOG.CA has a negative trend. |
| Stochastics (14,3) | 38.89 | NEUTRAL | The Stochastics value for GOG.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.5 | HIGH VOLATILITY | The high ATR as a percentage value for GOG.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 9.72 | NEGATIVE | The low ADX value for GOG.CA suggests a weak or negative trend. |
TSX-V:GOG (3/20/2024, 7:00:00 PM)
0.11
0 (0%)
GOLDEN TAG RESOURCES / GOG.CA FAQ
What is the ChartMill technical rating of GOLDEN TAG RESOURCES (GOG.CA) stock?
ChartMill assigns a technical rating of 1 / 10 to GOG.CA.
What is the current trend direction of GOLDEN TAG RESOURCES (GOG.CA) stock?
The current trend direction for GOLDEN TAG RESOURCES (GOG.CA) is Bearish.
What is the RSI signal for GOLDEN TAG RESOURCES (GOG.CA) stock?
GOLDEN TAG RESOURCES (GOG.CA) has an RSI value of 46.1103. This indicates that the stock is currently neutral.
What is the MACD signal for GOLDEN TAG RESOURCES (GOG.CA) stock?
The MACD indicator for GOLDEN TAG RESOURCES (GOG.CA) has a value of -0.00000912535, indicating a bearish trend.
What is the support and resistance level for GOG stock?
GOLDEN TAG RESOURCES (GOG.CA) has a support level at 0.11 and a resistance level at 0.12. Check the full technical report for our detailed analysis of GOG.CA support and resistance levels.