GOLD RESOURCE CORP (GORO) Stock Technical Analysis
NYSEARCA:GORO - NYSE Arca - US38068T1051 - Common Stock - Currency: USD
Overall GORO gets a technical rating of 1 out of 10. 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.
In the last month GORO has a been trading in the 0.43 - 0.74 range, which is quite wide. It is currently trading near the lows of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
GORO has an average volume of 2252430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the performance of all stocks over the past year, GORO turns out to be only a medium performer in the overall market: it outperformed 67% of all stocks.
GORO is an average performer in the Metals & Mining industry, it outperforms 40% of 157 stocks in the same industry.
GORO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GORO is lagging the market.
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.
More info and screens
0.43
0.55
We found 4 important support areas.
- Support @0.49 from a horizontal line in the weekly time frame.
- Support @0.45 from a trend line in the daily time frame.
- Support @0.44 from a horizontal line in the daily time frame.
- Support @0.43 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 0.54 to 0.54. 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 | NEUTRAL | NEUTRAL | The long term trend for GORO is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GORO is down. |
| ChartMill Relative Strength | 67.55 | NEUTRAL | GORO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GORO is below a declining 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) | 42.28 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 49.19 | NEUTRAL | The Stochastics value for GORO is a neutral value. |
| Average True Range in percent/ATR (20) | 12.44 | HIGH VOLATILITY | The high ATR as a percentage value for GORO suggests high volalility. |
| Average Directional Index/ADX (14) | 20.15 | 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)
0.4963
-0.02 (-3.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-3.14%
1 Week9.53%
2 Weeks1.76%
1 Month-30.17%
3 Month-10.98%
6 Month41.68%
12 Month34.14%
2 Year3.27%
3 Year-70.81%
5 Year-87.53%
10 Year-79.15%
15 Year-96.66%
Volatility
ATR(14)0.06
ATR(20)%12.44%
ATR Inc35.97%
Range Today0.03
ADR(20)0.06
ADR(20)%11.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.55
Mansfield1.18
10 Day High0.61
10 Day Low0.43
20 Day High0.75
20 Day Low0.43
52 Week High0.82
52 Week Low0.12
CS1 End0.49
CR1 Start0.54
Volume & EV
DER(3)-6.28%
DER(5)-4.94%
Volume1.67M
Volume Incr178.15%
Vol(5)6.24M
Vol(50)2.25M