GOLD RESOURCE CORP (GORO)       1.91  +0.04 (+2.14%)

1.91  +0.04 (+2.14%)

US38068T1051 - Common Stock - After market: 1.9 -0.01 (-0.52%)

Technical Rating

We assign a technical rating of 1 out of 10 to GORO. GORO has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.



GORO has an average volume of 1470160. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, GORO outperforms 47% of them, which is more or less in line with the market.
GORO is an average performer in the Metals & Mining industry, it outperforms 69% of 1003 stocks in the same industry.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
GORO is currently trading in the lower part of its 52 week range. But, the S&P500 Index is also trading in the lower part of its yearly range, so GORO is not an exception.
In the last month GORO has a been trading in the 1.65 - 2.58 range, which is quite wide. It is currently trading near the lows of this range.
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.

Statistics

1 Month 3 Months 6 Months 12 Months -25.39% 6.70% -8.61% -32.03% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 47.53 1.5 - 2.99
GORO Weekly chart
GORO Daily chart

Support/Resistance Analysis


1.54

2.51
When analyzing the support we can see 3 important areas.
  • A support zone ranging from 1.83 to 1.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 1.69 to 1.70. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • Support @1.56 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
  • A resistance zone ranging from 1.92 to 1.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @2.42 from a trend line in the weekly time frame.
  • A resistance zone ranging from 2.49 to 2.49. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

The technical rating of GORO is bad and it also does not present a 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.


GORO Daily chart

GOLD RESOURCE CORP1.91

NYSEARCA:GORO (5/16/2022, 4:20:22 PM)+0.04 (+2.14%)

After market: 1.9 -0.01 (-0.52%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Materials
GICS Industry Metals & Mining
Performance
Today 2.14% 1 Week 13.02%
2 Weeks 6.7% 1 Month -25.39%
3 Month 6.7% 6 Month -8.61%
Volatility
ATR(14) 0.11 ATR(20)% 6.92%
ATR Inc -15.39% Range Today 0.09
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 47.53 Mansfield 0.63
10 Day High 2.02 10 Day Low 1.65
20 Day High 2.58 20 Day Low 1.65
52 Week High 2.99 52 Week Low 1.5
CS1 End 1.85 CR1 Start 1.92
Volume & EV
DER(3) -0.94% DER(5) 5.03%
Volume 463.61K Volume Incr -17.94%
Vol(5) 923.04K Vol(50) 1.47M

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