GOLD RESOURCE CORP. - Daily - Technical analysis published on 07/26/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
56%
0%
44%
My opinion
Bearish under 1.69 USD
My targets
1.52 USD (-6.75%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GOLD RESOURCE CORP.. As long as you are under the resistance located at 1.69 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 1.52 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. If the resistance 1.69 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GOLD RESOURCE CORP. price is 1.63 USD. On the day, this instrument gained +4.49% and was traded between 1.58 USD and 1.66 USD over the period. The price is currently at +3.16% from its lowest and -1.81% from its highest.1.58
1.66
1.63
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of GOLD RESOURCE CORP. in Daily shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 1.52 | 1.63 | 1.69 | 2.09 | 2.27 |
| Change (%) | -6.75% | - | +3.68% | +28.22% | +39.26% |
| Change | -0.11 | - | +0.06 | +0.46 | +0.64 |
| Level | Major | - | Minor | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.46 | 1.49 | 1.53 | 1.56 | 1.60 | 1.63 | 1.67 |
| Camarilla | 1.54 | 1.55 | 1.55 | 1.56 | 1.57 | 1.57 | 1.58 |
| Woodie | 1.46 | 1.49 | 1.53 | 1.56 | 1.60 | 1.63 | 1.67 |
| Fibonacci | 1.49 | 1.52 | 1.54 | 1.56 | 1.59 | 1.61 | 1.63 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.39 | 1.47 | 1.51 | 1.59 | 1.63 | 1.71 | 1.75 |
| Camarilla | 1.53 | 1.54 | 1.55 | 1.56 | 1.57 | 1.58 | 1.59 |
| Woodie | 1.38 | 1.46 | 1.50 | 1.58 | 1.62 | 1.70 | 1.74 |
| Fibonacci | 1.47 | 1.51 | 1.54 | 1.59 | 1.63 | 1.66 | 1.71 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.86 | 1.23 | 1.43 | 1.80 | 2.00 | 2.37 | 2.57 |
| Camarilla | 1.47 | 1.53 | 1.58 | 1.63 | 1.68 | 1.74 | 1.79 |
| Woodie | 0.78 | 1.19 | 1.35 | 1.76 | 1.92 | 2.33 | 2.49 |
| Fibonacci | 1.23 | 1.45 | 1.58 | 1.80 | 2.02 | 2.15 | 2.37 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 49.54 | |
| MACD (12,26,9): | -0.0500 | |
| Directional Movement: | 3.97 | |
| AROON (14): | 42.85 | |
| DEMA (21): | 1.54 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.51 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 1.82 | |
| Zig ZAG (10): | 1.64 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 51.43 | |
| TEMA (21): | 1.55 | |
| Williams %R (14): | -18.50 | |
| Chande Momentum Oscillator (20): | 0.05 | |
| Repulse (5,40,3): | -1.1000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.5500 | |
| Courbe Coppock: | 7.03 |
| MA7: | 1.58 | |
| MA20: | 1.60 | |
| MA50: | 1.75 | |
| MA100: | 1.96 | |
| MAexp7: | 1.58 | |
| MAexp20: | 1.62 | |
| MAexp50: | 1.73 | |
| MAexp100: | 1.81 | |
| Price / MA7: | +3.16% | |
| Price / MA20: | +1.88% | |
| Price / MA50: | -6.86% | |
| Price / MA100: | -16.84% | |
| Price / MAexp7: | +3.16% | |
| Price / MAexp20: | +0.62% | |
| Price / MAexp50: | -5.78% | |
| Price / MAexp100: | -9.94% |
Quotes :
-
15 min delayed data
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NYSE MKT Stocks
News
The latest news and videos published on GOLD RESOURCE CORP. at the time of the analysis were as follows:
- Gold Resource Corporation Produces 37,512 Gold Equivalent Ounces in 2021 and Ends Year With Strong Cash Position of $34.0 Million
- Gold Resource Corporation Completes Acquisition of Aquila Resources Inc.
- Gold Resource Corporation Attending H.C. Wainwright (Virtual) Mining Conference
- Aquila Resources Shareholders Overwhelmingly Approve Acquisition by Gold Resource Corporation
- Gold Resource Corporation Declares Quarterly Dividend
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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