GOLD RESOURCE CORP (GORO) Stock Technical Analysis
NYSEARCA:GORO - NYSE Arca - US38068T1051 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to GORO. 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.
GORO is part of the Metals & Mining industry. There are 154 other stocks in this industry. GORO outperforms 79% 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.
GORO has an average volume of 2370250 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, GORO did better than 93% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
In the last month GORO has a been trading in the 0.51 - 0.77 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although GORO has an excellent technical rating, it does not present a decent entry opportunity 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
0.45
0.70
We found 4 important support areas.
- Support @0.56 from a trend line in the daily time frame.
- Support @0.53 from a horizontal line in the daily time frame.
- Support @0.46 from a trend line in the daily time frame.
- Support @0.45 from a trend line in the weekly 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 | 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 | 93.3 | POSITIVE | GORO has a high relative strength, it outperformed 93.3% 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) | UP | POSITIVE | The current price of GORO is above the rising 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) | 63.4 | NEUTRAL | The RSI value for GORO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests GORO has a positive trend. |
| Stochastics (14,3) | 65.31 | NEUTRAL | The Stochastics value for GORO is a neutral value. |
| Average True Range in percent/ATR (20) | 6.4 | HIGH VOLATILITY | The high ATR as a percentage value for GORO suggests high volalility. |
| Average Directional Index/ADX (14) | 20.16 | NEUTRAL | The ADX value for GORO suggests a possible start of a new 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)
0.6889
+0.03 (+4.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg4.38%
1 Week26.43%
2 Weeks12.53%
1 Month6.41%
3 Month59.58%
6 Month190.06%
12 Month60.77%
2 Year8.27%
3 Year-60.86%
5 Year-84.31%
10 Year-68.83%
15 Year-95.15%
Volatility
ATR(14)0.05
ATR(20)%6.4%
ATR Inc251.29%
Range Today0.1
ADR(20)0.04
ADR(20)%6.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.3
Mansfield6.03
10 Day High0.77
10 Day Low0.51
20 Day High0.77
20 Day Low0.51
52 Week High0.77
52 Week Low0.12
CS1 End0.53
CR1 Start0.56
Volume & EV
DER(3)5.31%
DER(5)8.35%
Volume4.76M
Volume Incr136.32%
Vol(5)2.71M
Vol(50)2.37M