GOLD RESOURCE CORP (GORO) Technical Analysis
NYSEARCA:GORO • US38068T1051
Current stock price
GORO Technical Rating and Analysis
Taking everything into account, GORO 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, GORO is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, GORO did better than 97% of all other stocks. On top of that, GORO also shows a nice and consistent pattern of rising prices.
- GORO is part of the Metals & Mining industry. There are 160 other stocks in this industry. GORO outperforms 94% of them.
- GORO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so GORO is lagging the market slightly.
- In the last month GORO has a been trading in the 0.95 - 1.64 range, which is quite wide. It is currently trading near the high of this range.
- GORO has an average volume of 2320140 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
GORO Weekly and Daily overview Charts
GORO Setup Rating and Analysis
Although GORO has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
GORO Support and Resistance Analysis
0.93
4 important support areas can be observed.
- A support zone ranging from 1.40 to 1.40. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 1.06 to 1.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.96 from a trend line in the weekly time frame.
- Support @0.94 from a trend line in the daily time frame.
GORO Technical Indicator Signal Analysis
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 | 97.8 | POSITIVE | GORO has a high relative strength, it outperformed 97.8% 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 | MIXED | The current price of GORO is above 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) | 65.3 | NEUTRAL | The RSI value for GORO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests GORO has a positive trend. |
| Stochastics (14,3) | 84.84 | OVERBOUGHT | The high Stochastics value suggests GORO may be overbought. |
| Average True Range in percent/ATR (20) | 6.98 | HIGH VOLATILITY | The high ATR as a percentage value for GORO suggests high volalility. |
| Average Directional Index/ADX (14) | 23.56 | NEUTRAL | The ADX value for GORO suggests a possible start of a new trend. |
GORO Chart- and CandleStick Pattern Analysis
GORO Technicals: Chart, Performance Metrics, Trend & Indicators
1.6
+0.08 (+5.26%)
GOLD RESOURCE CORP / GORO TA FAQ
What is the technical rating for GORO stock?
ChartMill assigns a technical rating of 10 / 10 to GORO.
What is the current trend direction of GOLD RESOURCE CORP (GORO) stock?
The current trend direction for GOLD RESOURCE CORP (GORO) is Bullish.
What is the RSI signal for GORO stock?
GOLD RESOURCE CORP (GORO) has an RSI value of 65.2965. This indicates that the stock is currently neutral.
Can you provide the MACD signal for GOLD RESOURCE CORP?
The MACD indicator for GOLD RESOURCE CORP (GORO) has a value of 0.0507769, indicating a bearish trend.
What is the buy/sell signal for GOLD RESOURCE CORP (GORO) stock?
The buy/sell signal for GOLD RESOURCE CORP (GORO) is buy as both the short term and long term trends are positive.