Taking everything into account, GROY scores 7 out of 10 in our technical rating. In the last year, GROY was one of the better performers, but we do observe some doubts in the very recent evolution.
Besides having an excellent technical rating, GROY also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 3.82. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.32, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GROY in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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1.31
When analyzing the support we can see 3 important areas.
- A support zone ranging from 3.22 to 3.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.16 from a horizontal line in the daily time frame.
- Support @1.32 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 3.82 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 | 97.09 | POSITIVE | GROY has a high relative strength, it outperformed 97.09% 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) | DOWN | NEGATIVE | The current price of GROY is below a declining 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) | 45.73 | NEUTRAL | The RSI value for GROY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests GROY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 60 | NEUTRAL | The Stochastics value for GROY is a neutral value. |
| Average True Range in percent/ATR (20) | 6 | HIGH VOLATILITY | The high ATR as a percentage value for GROY suggests high volalility. |
| Average Directional Index/ADX (14) | 13.72 | NEGATIVE | The low ADX value for GROY suggests a weak or negative 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 |
|---|---|---|---|
| 3.65 | 3.29 | 0.36 (9.76%) | 10.24% |
| An entry @3.65. This is a Buy Stop order right above the 10 day moving average. | An exit @3.29. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.36 points, which is 9.76%. | For a 1.00% total portfolio risk, you can invest 10.24% of your capital in this trade. |
- 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.
3.48
-0.18 (-4.92%)
GOLD ROYALTY CORP / GROY FAQ
What is the ChartMill technical rating of GOLD ROYALTY CORP (GROY) stock?
ChartMill assigns a technical rating of 7 / 10 to GROY.
What is the current trend direction of GOLD ROYALTY CORP (GROY) stock?
The current trend direction for GOLD ROYALTY CORP (GROY) is Bullish.
What is the RSI signal for GOLD ROYALTY CORP (GROY) stock?
GOLD ROYALTY CORP (GROY) has an RSI value of 45.7296. This indicates that the stock is currently neutral.
What is the MACD signal for GOLD ROYALTY CORP (GROY) stock?
The MACD indicator for GOLD ROYALTY CORP (GROY) has a value of 0.0144831, indicating a bearish trend.