GRAPHENE MANUFACTURING GROUP (GMG.CA) Stock Technical Analysis
TSX-V:GMG - TSX Venture Exchange - AU0000139990 - Common Stock - Currency: CAD
Taking everything into account, GMG scores 4 out of 10 in our technical rating. Although GMG is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
GMG has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 0.71. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for GMG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.50
2 important support areas can be observed.
- A support zone ranging from 0.56 to 0.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.50 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 0.71 to 0.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.90 from a trend line in the weekly time frame.
- Resistance @1.04 from a trend line in the weekly time frame.
TSX-V:GMG (4/23/2025, 7:00:00 PM)
0.69
+0.01 (+1.47%)