Overall GORO gets a technical rating of 8 out of 10. Both in the recent history as in the last year, GORO has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, GORO also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 0.78. Right above this resistance zone may be a good entry point.
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0.53
We found 6 important support areas.
- A support zone ranging from 0.72 to 0.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.67 from a trend line in the daily time frame.
- A support zone ranging from 0.64 to 0.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.59 from a trend line in the weekly time frame.
- Support @0.57 from a trend line in the weekly time frame.
- Support @0.54 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.78 to 0.79. This zone is formed by a combination of multiple trend lines and important moving averages 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 GORO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GORO is up. |
| ChartMill Relative Strength | 98.52 | POSITIVE | GORO has a high relative strength, it outperformed 98.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GORO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GORO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GORO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.35 | NEUTRAL | The RSI value for GORO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests GORO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.92 | NEUTRAL | The Stochastics value for GORO is a neutral value. |
| Average True Range in percent/ATR (20) | 7.43 | HIGH VOLATILITY | The high ATR as a percentage value for GORO suggests high volalility. |
| Average Directional Index/ADX (14) | 15.25 | NEGATIVE | The low ADX value for GORO 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 |
|---|---|---|---|
| 0.80 | 0.71 | 0.09 (11.25%) | 8.89% |
| An entry @0.80. This is a Buy Stop order right above the resistance zone. | An exit @0.71. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.09 points, which is 11.25%. | For a 1.00% total portfolio risk, you can invest 8.89% of your capital in this trade. |
- 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.
0.7506
-0.02 (-2.63%)
GOLD RESOURCE CORP / GORO FAQ
What is the technical rating for GORO stock?
ChartMill assigns a technical rating of 8 / 10 to GORO.
What is the trend direction for GORO stock?
The current trend direction for GOLD RESOURCE CORP (GORO) is Bullish.
Can you provide the RSI signal for GOLD RESOURCE CORP?
GOLD RESOURCE CORP (GORO) has an RSI value of 52.3499. This indicates that the stock is currently neutral.
What is the MACD signal for GORO stock?
The MACD indicator for GOLD RESOURCE CORP (GORO) has a value of 0.011296, indicating a bearish trend.
What is the buy/sell signal for GORO stock?
The buy/sell signal for GOLD RESOURCE CORP (GORO) is buy as both the short term and long term trends are positive.