GOLDEN TAG RESOURCES (GOG.CA) Stock Technical Analysis
TSX-V:GOG - TSX Venture Exchange - CA38121P1080 - Common Stock - Currency: CAD
Overall GOG gets a technical rating of 1 out of 10. 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.
87% of all other stocks performed better in the past year than GOG.
GOG is part of the Metals & Mining industry. There are 811 other stocks in this industry, of which 71% are performing better than GOG.
GOG is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GOG is lagging the market.
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
0.15
2 important support areas can be observed.
- 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.
We can see 3 important resistance 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. |
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-V:GOG (3/20/2024, 7:00:00 PM)
0.11
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0%
1 Week-8.33%
2 Weeks-8.33%
1 Month4.76%
3 Month-24.14%
6 Month-4.35%
12 Month-37.14%
2 Year-53.19%
3 Year-81.03%
5 Year83.33%
10 Year144.44%
15 Year-48.84%
Volatility
ATR(14)0.01
ATR(20)%7.5%
ATR Inc-41.67%
Range Today0.01
ADR(20)0.01
ADR(20)%5.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.89
Mansfield-2.49
10 Day High0.12
10 Day Low0.11
20 Day High0.13
20 Day Low0.1
52 Week High0.24
52 Week Low0.09
CS1 End0.11
CR1 Start0.12
Volume & EV
DER(3)0%
DER(5)0%
Volume82.00K
Volume Incr50.96%
Vol(5)167.92K
Vol(50)94.57K