GOLD ROYALTY CORP (GROY) Stock Technical Analysis
NYSEARCA:GROY - NYSE Arca - CA38071H1064 - Common Stock - Currency: USD
Taking everything into account, GROY scores 9 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, GROY is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
GROY is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so GROY is leading the market.
In the last month GROY has a been trading in the 1.43 - 1.85 range, which is quite wide. It is currently trading near the high of this range.
GROY has an average volume of 1732420 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that GROY is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this relatively good performance is mostly due to a recent big move.
GROY is an average performer in the Metals & Mining industry, it outperforms 59% of 154 stocks in the same industry.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although GROY has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
1.19
1.86
We found 3 important support areas.
- A support zone ranging from 1.49 to 1.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.34 to 1.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.20 to 1.21. 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 | UP | POSITIVE | The short term trend for GROY is up. |
| ChartMill Relative Strength | 85.11 | POSITIVE | GROY has a high relative strength, it outperformed 85.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GROY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GROY is above 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) | 71.52 | OVERBOUGHT | The high RSI value suggests GROY may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests GROY has a positive trend. |
| Stochastics (14,3) | 94.61 | OVERBOUGHT | The high Stochastics value suggests GROY may be overbought. |
| Average True Range in percent/ATR (20) | 3.84 | MEDIUM VOLATILITY | The ATR as a percentage value for GROY suggests some volalility. |
| Average Directional Index/ADX (14) | 19.56 | 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)
1.84
+0.05 (+2.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg2.79%
1 Week22.67%
2 Weeks13.58%
1 Month25.17%
3 Month30.5%
6 Month43.75%
12 Month-4.17%
2 Year-4.66%
3 Year-38.46%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%3.84%
ATR Inc-3.08%
Range Today0.07
ADR(20)0.07
ADR(20)%3.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.11
Mansfield2.96
10 Day High1.85
10 Day Low1.45
20 Day High1.85
20 Day Low1.43
52 Week High1.85
52 Week Low1.16
CS1 End1.53
CR1 StartN/A
Volume & EV
DER(3)0.02%
DER(5)3.9%
Volume2.35M
Volume Incr48.65%
Vol(5)2.18M
Vol(50)1.73M