Golden Valley Mines Ltd (GZZ.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:GZZ -
Taking everything into account, GZZ scores 8 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, GZZ is showing a nice and steady performance.
GZZ has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 13.11. Right above this resistance zone may be a good entry point.
More info and screens
6.44
2 important support areas can be observed.
- A support zone ranging from 12.45 to 12.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.50 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 13.11 to 13.26. 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 GZZ.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GZZ.CA is neutral. |
| ChartMill Relative Strength | 88.25 | POSITIVE | GZZ.CA has a high relative strength, it outperformed 88.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GZZ.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GZZ.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GZZ.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.99 | NEUTRAL | The RSI value for GZZ.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests GZZ.CA has a negative trend. |
| Stochastics (14,3) | 24.91 | NEUTRAL | The Stochastics value for GZZ.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.48 | MEDIUM VOLATILITY | The ATR as a percentage value for GZZ.CA suggests some volalility. |
TSX-V:GZZ (11/5/2021, 7:00:00 PM)
12.49
-0.25 (-1.96%)
Golden Valley Mines Ltd / GZZ.CA FAQ
Can you provide the ChartMill technical rating for Golden Valley Mines Ltd?
ChartMill assigns a technical rating of 7 / 10 to GZZ.CA.
What is the trend direction for GZZ stock?
The current trend direction for Golden Valley Mines Ltd (GZZ.CA) is Bullish.
What is the RSI signal for Golden Valley Mines Ltd (GZZ.CA) stock?
Golden Valley Mines Ltd (GZZ.CA) has an RSI value of 51.988. This indicates that the stock is currently neutral.
Can you provide the short term momentum for Golden Valley Mines Ltd?
The short term momentum for Golden Valley Mines Ltd (GZZ.CA) is neutral.