Overall GORO gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GORO is showing a nice and steady performance.
GORO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
0.63
5 important support areas can be observed.
- A support zone ranging from 0.89 to 0.91. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @0.87 from a trend line in the daily time frame.
- Support @0.76 from a trend line in the weekly time frame.
- Support @0.74 from a trend line in the daily time frame.
- Support @0.64 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 | UP | POSITIVE | The short term trend for GORO is up. |
| ChartMill Relative Strength | 98.04 | POSITIVE | GORO has a high relative strength, it outperformed 98.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GORO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GORO is above the rising 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) | 62.28 | 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. |
| Stochastics (14,3) | 67.03 | NEUTRAL | The Stochastics value for GORO is a neutral value. |
| Average True Range in percent/ATR (20) | 7.24 | HIGH VOLATILITY | The high ATR as a percentage value for GORO suggests high volalility. |
| Average Directional Index/ADX (14) | 23.61 | NEUTRAL | The ADX value for GORO suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 1.00 | 0.88 | 0.12 (12.23%) | 8.18% |
| An entry @1.00. This is a Buy Stop order right above the 10 day high. | An exit @0.88. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.12 points, which is 12.23%. | When investing 8.18% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
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+0.05 (+5.48%)
GOLD RESOURCE CORP / GORO FAQ
What is the technical rating for GORO stock?
ChartMill assigns a technical rating of 10 / 10 to GORO.
Can you provide the trend direction for GOLD RESOURCE CORP?
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 62.2789. This indicates that the stock is currently neutral.
What is the short term momentum for GOLD RESOURCE CORP (GORO) stock?
The short term momentum for GOLD RESOURCE CORP (GORO) is positive.
What is the buy/sell signal for GORO stock?
The buy/sell signal for GOLD RESOURCE CORP (GORO) is buy as both the short term and long term trends are positive.