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GOLDEN ARROW RESOURCES CORP (GRG.CA) Stock Technical Analysis

TSX-V:GRG - TSX Venture Exchange - CA38080W1023 - Common Stock - Currency: CAD

0.05  0 (-9.09%)

Technical Rating and Analysis

4

We assign a technical rating of 4 out of 10 to GRG. In the last year, GRG was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

When comparing the yearly performance of all stocks, GRG is a bad performer in the overall market: 79% of all stocks are doing better.
GRG is one of the lesser performing stocks in the Metals & Mining industry. 61% of 797 stocks in the same industry do better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
GRG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GRG is lagging the market.
In the last month GRG has a been trading in the 0.04 - 0.06 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Weekly and Daily overview Charts
GOLDEN ARROW RESOURCES CORP / GRG Weekly stock chart
GOLDEN ARROW RESOURCES CORP / GRG Daily stock chart
Setup Rating and Analysis

3

GRG has an average technical rating and it also does not offer a high 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.

Support and Resistance Analysis

0.04

0.06

We found 1 important support area.

  • A support zone ranging from 0.04 to 0.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

When analyzing the resistance we notice 2 important areas.

  • A resistance zone ranging from 0.05 to 0.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @0.06 from a trend line in the daily time frame.
Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorNEUTRALNEUTRALThe long term trend for GRG.CA is neutral.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for GRG.CA is up.
ChartMill Relative Strength21.51NEGATIVEGRG.CA has a low relative strength, it was outperformed by 78.49% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of GRG.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)DOWNMIXEDThe current price of GRG.CA is above a declining SMA(50).
Simple Moving Average/SMA (200)DOWNMIXEDThe current price of GRG.CA is above a declining SMA(200).
Relative Strength Index/RSI (14)54.44NEUTRALThe RSI value for GRG.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0POSITIVEThe MACD value suggests GRG.CA has a positive trend.
Stochastics (14,3)88.89OVERBOUGHTThe high Stochastics value suggests GRG.CA may be overbought.
Average True Range in percent/ATR (20)7.5HIGH VOLATILITYThe high ATR as a percentage value for GRG.CA suggests high volalility.
Average Directional Index/ADX (14)7.86NEGATIVEThe low ADX value for GRG.CA suggests a weak or negative trend.
Chart- and CandleStick Pattern Analysis
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)
GOLDEN ARROW RESOURCES CORP / GRG Daily stock chart

GOLDEN ARROW RESOURCES CORP

TSX-V:GRG (7/3/2025, 7:00:00 PM)

0.05

0 (-9.09%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-9.09%
1 Week25%
2 Weeks11.11%
1 Month25%
3 Month-16.67%
6 Month25%
12 Month11.11%
2 Year-47.37%
3 Year-62.96%
5 Year-72.97%
10 Year-83.33%
15 Year-86.84%
Volatility
ATR(14)0
ATR(20)%7.5%
ATR Inc110%
Range Today0
ADR(20)0
ADR(20)%1.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.51
Mansfield-0.07
10 Day High0.06
10 Day Low0.04
20 Day High0.06
20 Day Low0.04
52 Week High0.07
52 Week Low0.04
CS1 End0.04
CR1 Start0.05
Volume & EV
DER(3)0%
DER(5)0%
Volume1.00K
Volume Incr276.82%
Vol(5)118.40K
Vol(50)45.57K