GALORE RESOURCES INC (GRI.CA) Stock Technical Analysis
TSX-V:GRI - TSX Venture Exchange - CA3640961072 - Common Stock - Currency: CAD
Taking everything into account, GRI scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GRI is showing a nice and steady performance.
Besides having an excellent technical rating, GRI also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 0.02, a Stop Loss order could be placed below this zone.
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When analyzing the support we can see 2 important areas.
- Support @0.02 from a horizontal line in the daily time frame.
- Support @0.01 from a horizontal line 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 GRI.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GRI.CA is up. |
| ChartMill Relative Strength | 97.2 | POSITIVE | GRI.CA has a high relative strength, it outperformed 97.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GRI.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GRI.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GRI.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50 | NEUTRAL | The RSI value for GRI.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests GRI.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 66.67 | NEUTRAL | The Stochastics value for GRI.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 27.5 | HIGH VOLATILITY | The high ATR as a percentage value for GRI.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 20.71 | NEUTRAL | The ADX value for GRI.CA 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 |
|---|---|---|---|
| 0.04 | 0.00 | 0.04 (87.50%) | 1.14% |
| An entry @0.04. This is a Buy Stop order right above the 10 day high. | An exit @0.00. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.04 points, which is 87.50%. | When investing 1.14% 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.
TSX-V:GRI (7/16/2025, 7:00:00 PM)
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