GOLD BASIN RESOURCES CORP (GXX.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:GXX - CA38050D1006 - Common Stock
We assign a technical rating of 7 out of 10 to GXX. In the past year, GXX was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
- GXX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month GXX has a been trading in the 0.03 - 0.05 range, which is quite wide. It is currently trading near the high of this range.
- Looking at the yearly performance, GXX did better than 80% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although GXX 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
0.03
When analyzing the support we notice one important area.
- A support zone ranging from 0.03 to 0.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- Resistance @0.06 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 | NEUTRAL | NEUTRAL | The long term trend for GXX.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GXX.CA is up. |
| ChartMill Relative Strength | 80.21 | POSITIVE | GXX.CA has a high relative strength, it outperformed 80.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GXX.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GXX.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GXX.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 68.13 | NEUTRAL | The RSI value for GXX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests GXX.CA has a positive trend. |
| Stochastics (14,3) | 75 | NEUTRAL | The Stochastics value for GXX.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 9.44 | HIGH VOLATILITY | The high ATR as a percentage value for GXX.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 22.08 | NEUTRAL | The ADX value for GXX.CA suggests a possible start of a new trend. |
TSX-V:GXX (5/6/2025, 7:00:00 PM)
0.045
0 (0%)
GOLD BASIN RESOURCES CORP / GXX.CA FAQ
Can you provide the ChartMill technical rating for GOLD BASIN RESOURCES CORP?
ChartMill assigns a technical rating of 7 / 10 to GXX.CA.
Can you provide the trend direction for GOLD BASIN RESOURCES CORP?
The current trend direction for GOLD BASIN RESOURCES CORP (GXX.CA) is Bearish.
What is the RSI signal for GXX stock?
GOLD BASIN RESOURCES CORP (GXX.CA) has an RSI value of 68.1336. This indicates that the stock is currently neutral.
What is the MACD signal for GXX stock?
The MACD indicator for GOLD BASIN RESOURCES CORP (GXX.CA) has a value of 0.000863015, indicating a bearish trend.
What is the short term momentum for GXX stock?
The short term momentum for GOLD BASIN RESOURCES CORP (GXX.CA) is positive.