GOLCONDA GOLD LTD (GG.CA) Stock Technical Analysis
TSX-V:GG - TSX Venture Exchange - CA38047D1069 - Common Stock - Currency: CAD
We assign a technical rating of 10 out of 10 to GG. In the last year, GG was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Looking at the yearly performance, GG did better than 91% of all other stocks. On top of that, GG also shows a nice and consistent pattern of rising prices.
GG is part of the Metals & Mining industry. There are 822 other stocks in this industry. GG outperforms 81% of them.
GG is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so GG slightly outperforms the market at the moment.
In the last month GG has a been trading in the 0.27 - 0.33 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Besides having an excellent technical rating, GG also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 0.34. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for GG in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
0.17
0.34
3 important support areas can be observed.
- Support @0.23 from a trend line in the daily time frame.
- Support @0.21 from a horizontal line in the daily time frame.
- Support @0.17 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.34 to 0.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.68
Mansfield1.21
10 Day High0.33
10 Day Low0.28
20 Day High0.33
20 Day Low0.27
52 Week High0.38
52 Week Low0.13
Performance
1 Week16.07%
2 Weeks12.07%
1 Month20.37%
3 Month3.17%
6 Month44.44%
12 Month103.13%
2 Year10.17%
3 Year132.14%
5 Year441.67%
10 Year132.14%
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0
RSI(14)56.36
LBB0.27
UBB0.35
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 0.35 | 0.27 | 0.09 (24.29%) | 4.12% |
| An entry @0.35. This is a Buy Stop order right above the resistance zone. | An exit @0.27. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.09 points, which is 24.29%. | When investing 4.12% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX-V:GG (3/6/2025, 7:00:00 PM)
0.325
-0.01 (-1.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-1.52%
1 Week16.07%
2 Weeks12.07%
1 Month20.37%
3 Month3.17%
6 Month44.44%
12 Month103.13%
2 Year10.17%
3 Year132.14%
5 Year441.67%
10 Year132.14%
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%5.62%
ATR Inc-52.54%
Range Today0.01
ADR(20)0.01
ADR(20)%3.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.68
Mansfield1.21
10 Day High0.33
10 Day Low0.28
20 Day High0.33
20 Day Low0.27
52 Week High0.38
52 Week Low0.13
CS1 End0.23
CR1 Start0.34
Volume & EV
DER(3)125.79%
DER(5)82.83%
Volume10.00K
Volume Incr84.73%
Vol(5)38.77K
Vol(50)36.02K