GOLD ROYALTY CORP (GROY) Stock Technical Analysis
USA - NYSEARCA:GROY - CA38071H1064 - Common Stock
3.49 USD
-0.3 (-7.92%)
3.5027 USD
+0.01 (+0.36%)
We assign a technical rating of 9 out of 10 to GROY. In the last year, GROY was one of the better performers, but we do observe some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that GROY is one of the better performing stocks in the market, outperforming 95% of all stocks. On top of that, GROY also shows a nice and consistent pattern of rising prices.
GROY is part of the Metals & Mining industry. There are 155 other stocks in this industry. GROY outperforms 74% of them.
GROY 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 GROY is lagging the market slightly.
GROY has an average volume of 2850450 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month GROY has a been trading in the 3.16 - 4.15 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although GROY has an excellent technical rating, it does not present a decent entry opportunity 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.
More info and screens
1.31
3.92
We found 2 important support areas.
- Support @1.49 from a horizontal line in the daily time frame.
- Support @1.32 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 3.85 to 3.88. 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 | UP | POSITIVE | The long term trend for GROY is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GROY is neutral. |
| ChartMill Relative Strength | 95.92 | POSITIVE | GROY has a high relative strength, it outperformed 95.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GROY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of GROY is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GROY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.44 | NEUTRAL | The RSI value for GROY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests GROY has a negative trend. |
| Stochastics (14,3) | 30.51 | NEUTRAL | The Stochastics value for GROY is a neutral value. |
| Average True Range in percent/ATR (20) | 7.23 | HIGH VOLATILITY | The high ATR as a percentage value for GROY suggests high volalility. |
| Average Directional Index/ADX (14) | 13.34 | NEGATIVE | The low ADX value for GROY 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)
3.49
-0.3 (-7.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-7.92%
1 Week-3.06%
2 Weeks-8.88%
1 Month-4.9%
3 Month47.26%
6 Month114.11%
12 Month132.67%
2 Year172.66%
3 Year40.16%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.25
ATR(20)%7.23%
ATR Inc11.72%
Range Today0.28
ADR(20)0.24
ADR(20)%6.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.92
Mansfield5.89
10 Day High4.15
10 Day Low3.44
20 Day High4.15
20 Day Low3.16
52 Week High4.15
52 Week Low1.16
CS1 End1.49
CR1 Start3.85
Volume & EV
DER(3)-6.1%
DER(5)-5.76%
Volume4.69M
Volume Incr6.28%
Vol(5)3.25M
Vol(50)2.85M