GOLD RESOURCE CORP (GORO)       1.05  -0.02 (-1.87%)

1.05  -0.02 (-1.87%)

US38068T1051 - Common Stock - After market: 1.06 +0.01 (+0.95%)

Technical Rating

1

Overall GORO gets a technical rating of 1 out of 10. GORO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.



In the last month GORO has a been trading in the 0.82 - 1.08 range, which is quite wide. It is currently trading near the high of this range.
GORO has an average volume of 1133550 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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, GORO is a bad performer in the overall market: 93% of all stocks are doing better.
GORO is part of the Metals & Mining industry. There are 968 other stocks in this industry, of which 85% are performing better than GORO.
GORO is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.

Statistics

1 Month 3 Months 6 Months 12 Months 6.73% -31.37% -36.36% -55.88% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 7.79 0.82 - 2.63
GORO Weekly chart
GORO Daily chart

Support/Resistance Analysis


1.04

1.79
4 important resistance areas can be observed.
  • Resistance @1.08 from a horizontal line in the daily time frame.
  • Resistance @1.51 from a trend line in the weekly time frame.
  • Resistance @1.62 from a trend line in the weekly time frame.
  • A resistance zone ranging from 1.75 to 1.77. This zone is formed by a combination of multiple trend lines in the daily time frame.

Setup Analysis

Setup Rating

5

GORO has a poor technical rating and the quality of the setup is also only medium 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 CORP1.05

NYSEARCA:GORO (3/31/2023, 7:19:31 PM)-0.02 (-1.87%)

After market: 1.06 +0.01 (+0.95%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
Today-1.87%
1 Week12.46%
2 Weeks16.67%
1 Month6.73%
3 Month-31.37%
6 Month-36.36%
Volatility
ATR(14)0.07
ATR(20)%6.59%
ATR Inc-28.32%
Range Today0.03
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.79
Mansfield-3.79
10 Day High1.08
10 Day Low0.85
20 Day High1.08
20 Day Low0.82
52 Week High2.63
52 Week Low0.82
CS1 EndN/A
CR1 Start1.08
Volume & EV
DER(3)2.9%
DER(5)10.22%
Volume407.30K
Volume Incr-40.57%
Vol(5)772.84K
Vol(50)1.13M

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