GOLD RESOURCE CORP (GORO) Stock Technical Analysis
NYSEARCA:GORO - US38068T1051 - Common Stock
0.467 USD
+0.01 (+1.52%)
0.471 USD
+0 (+0.86%)
Overall GORO gets a technical rating of 2 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
GORO is part of the Metals & Mining industry. There are 155 other stocks in this industry, of which 72% are performing better than GORO.
In the last month GORO has a been trading in the 0.43 - 0.61 range, which is quite wide. It is currently trading near the lows of this range.
GORO has an average volume of 2260040 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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 52% of all stocks.
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.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, GORO does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 0.46, a Stop Loss order could be placed below this zone.
More info and screens
0.44
0.48
2 important support areas can be observed.
- A support zone ranging from 0.46 to 0.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.44 to 0.44. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.48 to 0.48. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The long term trend for GORO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GORO is down. |
| ChartMill Relative Strength | 52.62 | NEUTRAL | GORO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GORO is below the rising 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) | 41.9 | 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) | 32.65 | NEUTRAL | The Stochastics value for GORO is a neutral value. |
| Average True Range in percent/ATR (20) | 9.23 | HIGH VOLATILITY | The high ATR as a percentage value for GORO suggests high volalility. |
| Average Directional Index/ADX (14) | 19.96 | NEGATIVE | The low ADX value for GORO suggests a weak or negative 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)
0.467
+0.01 (+1.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.52%
1 Week2.64%
2 Weeks-4.44%
1 Month3.07%
3 Month-11.89%
6 Month-0.55%
12 Month23.77%
2 Year-2.83%
3 Year-72.53%
5 Year-88.27%
10 Year-80.38%
15 Year-96.86%
Volatility
ATR(14)0.03
ATR(20)%9.23%
ATR Inc-26.07%
Range Today0.02
ADR(20)0.04
ADR(20)%8.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS52.62
Mansfield0.23
10 Day High0.5
10 Day Low0.44
20 Day High0.61
20 Day Low0.43
52 Week High0.82
52 Week Low0.12
CS1 End0.46
CR1 Start0.48
Volume & EV
DER(3)-15.23%
DER(5)-8%
Volume950.70K
Volume Incr-67.28%
Vol(5)845.20K
Vol(50)2.26M