Golden Valley Mines Ltd (GZZ.CA) Stock Technical Analysis
TSX-V:GZZ - TSX Venture Exchange -
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 short term is neutral, but the long term trend is still positive. Not much to worry about for now.
GZZ is one of the better performing stocks in the Metals & Mining industry, it outperforms 72% of 797 stocks in the same industry.
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.
When comparing the yearly performance of all stocks, we notice that GZZ is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Volume is considerably higher in the last couple of days.
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
13.39
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. |
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)
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
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