GOLD RESOURCE CORP (GORO) Stock Technical Analysis
USA - NYSEARCA:GORO - US38068T1051 - Common Stock
Overall GORO gets a technical rating of 6 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
GORO has an average technical rating and the quality of the presented setup is also not ideal 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.
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When analyzing the support we can see 5 important areas.
- A support zone ranging from 0.65 to 0.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.62 from a horizontal line in the daily time frame.
- Support @0.57 from a trend line in the weekly time frame.
- Support @0.55 from a trend line in the weekly time frame.
- Support @0.52 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 0.71 to 0.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.75 to 0.76. This zone is formed by a combination of multiple trend lines and important moving averages in the daily 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 | DOWN | NEGATIVE | The short term trend for GORO is down. |
| ChartMill Relative Strength | 99.01 | POSITIVE | GORO has a high relative strength, it outperformed 99.01% off all stocks 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) | 42.13 | NEUTRAL | The RSI value for GORO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests GORO has a negative trend. |
| Stochastics (14,3) | 53.47 | NEUTRAL | The Stochastics value for GORO is a neutral value. |
| Average True Range in percent/ATR (20) | 9.83 | HIGH VOLATILITY | The high ATR as a percentage value for GORO suggests high volalility. |
| Average Directional Index/ADX (14) | 15.89 | NEGATIVE | The low ADX value for GORO suggests a weak or negative trend. |
0.6831
-0.05 (-6.81%)
GOLD RESOURCE CORP / GORO FAQ
What is the technical rating for GORO stock?
ChartMill assigns a technical rating of 6 / 10 to GORO.
What is the trend direction for GORO stock?
The current trend direction for GOLD RESOURCE CORP (GORO) is Bullish.
Can you provide the RSI signal for GOLD RESOURCE CORP?
GOLD RESOURCE CORP (GORO) has an RSI value of 42.1323. This indicates that the stock is currently neutral.
What is the MACD signal for GORO stock?
The MACD indicator for GOLD RESOURCE CORP (GORO) has a value of -0.00130557, indicating a bearish trend.
What is the buy/sell signal for GORO stock?
The buy/sell signal for GOLD RESOURCE CORP (GORO) is hold as the short term and long term trends are mixed.