INDEPENDENCE GOLD CORP (IGO.CA) Stock Technical Analysis
TSX-V:IGO - CA45344A1075 - Common Stock
0.135 CAD
-0.01 (-3.57%)
Overall IGO gets a technical rating of 0 out of 10. IGO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, IGO is a bad performer in the overall market: 89% of all stocks are doing better.
IGO is part of the Metals & Mining industry. There are 803 other stocks in this industry, of which 78% are performing better than IGO.
IGO 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.
In the last month IGO has a been trading in the 0.13 - 0.17 range, which is quite wide. It is currently trading near the lows of this range.
Although the technical rating is bad, IGO does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
0.13
0.17
We can see 4 important resistance areas.
- A resistance zone ranging from 0.14 to 0.14. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 0.15 to 0.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.16 from a trend line in the daily time frame.
- Resistance @0.17 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 | DOWN | NEGATIVE | The long term trend for IGO.CA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IGO.CA is neutral. |
| ChartMill Relative Strength | 11.16 | NEGATIVE | IGO.CA has a low relative strength, it was outperformed by 88.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IGO.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IGO.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IGO.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.34 | NEUTRAL | The RSI value for IGO.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests IGO.CA has a negative trend. |
| Stochastics (14,3) | 8.93 | OVERSOLD | The low Stochastics value suggests IGO.CA may be oversold. |
| Average True Range in percent/ATR (20) | 8.06 | HIGH VOLATILITY | The high ATR as a percentage value for IGO.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 12.44 | NEGATIVE | The low ADX value for IGO.CA 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)
TSX-V:IGO (8/29/2025, 7:00:00 PM)
0.135
-0.01 (-3.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-3.57%
1 Week0%
2 Weeks-12.9%
1 Month0%
3 Month3.85%
6 Month-20.59%
12 Month-37.21%
2 Year-3.57%
3 Year145.46%
5 Year35%
10 Year80%
15 YearN/A
Volatility
ATR(14)0.01
ATR(20)%8.06%
ATR Inc-15.15%
Range Today0.01
ADR(20)0.01
ADR(20)%7.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.16
Mansfield-3.44
10 Day High0.17
10 Day Low0.13
20 Day High0.17
20 Day Low0.13
52 Week High0.33
52 Week Low0.12
CS1 EndN/A
CR1 Start0.14
Volume & EV
DER(3)-3.63%
DER(5)-2.49%
Volume458.27K
Volume Incr17.45%
Vol(5)276.98K
Vol(50)303.58K