GOLD RESOURCE CORP (GORO) Stock Technical Analysis
NYSEARCA:GORO - NYSE Arca - US38068T1051 - Common Stock - Currency: USD
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.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
GORO is one of the better performing stocks in the Metals & Mining industry, it outperforms 75% of 154 stocks in the same industry.
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 1752770 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 91% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month GORO has a been trading in the 0.51 - 0.81 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, GORO does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
0.47
0.63
We found 4 important support areas.
- A support zone ranging from 0.59 to 0.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.55 from a trend line in the daily time frame.
- A support zone ranging from 0.53 to 0.53. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @0.47 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 | NEUTRAL | NEUTRAL | The short term trend for GORO is neutral. |
| ChartMill Relative Strength | 91.5 | POSITIVE | GORO has a high relative strength, it outperformed 91.5% 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 | MIXED | The current price of GORO is above 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) | 47.92 | 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) | 46.69 | NEUTRAL | The Stochastics value for GORO is a neutral value. |
| Average True Range in percent/ATR (20) | 10.94 | HIGH VOLATILITY | The high ATR as a percentage value for GORO suggests high volalility. |
| Average Directional Index/ADX (14) | 24.13 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 0.70 | 0.59 | 0.11 (16.09%) | 6.22% |
| An entry @0.70. This is a Buy Stop order right above the 10 day moving average. | An exit @0.59. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.11 points, which is 16.09%. | When investing 6.22% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of GORO. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
0.6248
-0.03 (-3.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-3.88%
1 Week-13.22%
2 Weeks2.43%
1 Month-4.32%
3 Month53.89%
6 Month75.41%
12 Month38.84%
2 Year-1.81%
3 Year-64.5%
5 Year-85.77%
10 Year-71.73%
15 Year-95.6%
Volatility
ATR(14)0.08
ATR(20)%10.94%
ATR Inc-17.47%
Range Today0.06
ADR(20)0.07
ADR(20)%10.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.5
Mansfield4.32
10 Day High0.82
10 Day Low0.6
20 Day High0.82
20 Day Low0.51
52 Week High0.82
52 Week Low0.12
CS1 End0.59
CR1 StartN/A
Volume & EV
DER(3)-25.89%
DER(5)-21.84%
Volume1.67M
Volume Incr40.41%
Vol(5)2.58M
Vol(50)1.75M