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Golden Valley Mines Ltd (GZZ.CA) Stock Technical Analysis

Canada - TSX-V:GZZ -

12.49
-0.25 (-1.96%)
Last: 11/5/2021, 7:00:00 PM
Technical Rating and Analysis

8

We assign a technical rating of 8 out of 10 to GZZ. Both in the recent history as in the last year, GZZ has proven to be a steady performer, scoring decent points in every aspect analyzed.

In the last month GZZ has a been trading in the 12.03 - 13.40 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
GZZ 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 GZZ is lagging the market slightly.
Looking at the yearly performance, GZZ did better than 88% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
GZZ is part of the Metals & Mining industry. There are 809 other stocks in this industry, GZZ did better than 69% of them.
Volume is considerably higher in the last couple of days.

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Weekly and Daily overview Charts
Golden Valley Mines Ltd / GZZ Weekly stock chart
Golden Valley Mines Ltd / GZZ Daily stock chart
Setup Rating and Analysis

5

Besides having an excellent technical rating, GZZ 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.

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Support and Resistance Analysis

6.44

13.39

When analyzing the support we can see 2 important areas.

  • 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.

When analyzing the resistance we notice one important 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.

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Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for GZZ.CA is up.
ChartMill Short Term Trend IndicatorNEUTRALNEUTRALThe short term trend for GZZ.CA is neutral.
ChartMill Relative Strength88.25POSITIVEGZZ.CA has a high relative strength, it outperformed 88.25% off all stocks on the market.
Simple Moving Average/SMA (20)UPMIXEDThe current price of GZZ.CA is below the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of GZZ.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of GZZ.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)51.99NEUTRALThe RSI value for GZZ.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.17NEGATIVEThe MACD value suggests GZZ.CA has a negative trend.
Stochastics (14,3)24.91NEUTRALThe Stochastics value for GZZ.CA is a neutral value.
Average True Range in percent/ATR (20)2.48MEDIUM VOLATILITYThe ATR as a percentage value for GZZ.CA suggests some volalility.
Chart- and CandleStick Pattern Analysis
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)

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Golden Valley Mines Ltd / GZZ Daily stock chart

Golden Valley Mines Ltd

TSX-V:GZZ (11/5/2021, 7:00:00 PM)

12.49

-0.25 (-1.96%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-1.96%
1 Week-3.55%
2 Weeks-4.66%
1 Month3.05%
3 Month92.15%
6 Month81.54%
12 Month50.66%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.33
ATR(20)%2.48%
ATR Inc24.23%
Range Today0.24
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.25
3 months CRSN/A
6 months CRSN/A
Mansfield4.12
10 Day High13.27
10 Day Low12.26
20 Day High13.4
20 Day Low12.03
52 Week High13.4
52 Week Low6.01
CS1 End12.48
CR1 Start13.11
Volume & EV
DER(3)-0.81%
DER(5)-1.71%
Volume11.55K
Volume Incr64.55%
Vol(5)51.53K
Vol(50)37.25K

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.