Technical Analysis for ELKMF - Gold Road Resources

Grade Last Price % Change Price Change
grade B 0.87 -4.12% -0.0374
ELKMF closed down 4.12 percent on Friday, September 20, 2019, on 10 percent of normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Up Down Down
See historical ELKMF trend table...

Date Alert Name Type % Chg
Fell Below 50 DMA Bearish 0.00%
Narrow Range Bar Range Contraction 0.00%
Stochastic Reached Oversold Weakness 0.00%
Wide Bands Range Expansion 0.00%
Down 3 Days in a Row Weakness 0.00%
Gapped Down Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Narrow Range Bar Range Contraction -4.12%
Wide Bands Range Expansion -4.12%
Gapped Down Weakness -4.12%

Older signals for ELKMF ...

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Profile
Gold Road Resources is pioneering development of Australia’s newest goldfield, the Yamarna Belt, 200 kilometres east of Laverton in Western Australia. The Company holds tenements covering ~5000 square kilometres in the region, which is historically underexplored and highly prospective for gold mineralisation. These tenements contain a gold resource of 6.1 million ounces, including 5.6 million ounces at the Gruyere deposit, which Gold Road discovered in 2013 and is currently the focus of development studies. While progressing Gruyere towards first production, Gold Road continues to explore for similar-scale deposits, on its own on its North Yamarna tenements and in conjunction with joint venture partner, Sumitomo Metal Mining Oceania (a subsidiary of Sumitomo Metal Mining Co. Limited), on its South Yamarna (SYJV) tenements.
Mining Mitsui Sumitomo Group Keiretsu Zaibatsu Goldfields Esperance Mines
Is ELKMF a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 2 bullish, 1 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Recent News
Indicators
Indicator Value
52 Week High 1.12
52 Week Low 0.3999
Average Volume 19,408
200-Day Moving Average 0.6489
50-Day Moving Average 0.9009
20-Day Moving Average 0.9767
10-Day Moving Average 0.9121
Average True Range 0.0356
ADX 19.33
+DI 34.1351
-DI 50.5713
Chandelier Exit (Long, 3 ATRs ) 1.0132
Chandelier Exit (Short, 3 ATRs ) 0.9768
Upper Bollinger Band 1.1378
Lower Bollinger Band 0.8156
Percent B (%b) 0.17
BandWidth 32.988635
MACD Line -0.0089
MACD Signal Line 0.0073
MACD Histogram -0.0162
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.8700
Resistance 3 (R3) 0.8700 0.8700 0.8700
Resistance 2 (R2) 0.8700 0.8700 0.8700 0.8700
Resistance 1 (R1) 0.8700 0.8700 0.8700 0.8700 0.8700
Pivot Point 0.8700 0.8700 0.8700 0.8700 0.8700
Support 1 (S1) 0.8700 0.8700 0.8700 0.8700 0.8700
Support 2 (S2) 0.8700 0.8700 0.8700 0.8700
Support 3 (S3) 0.8700 0.8700 0.8700
Support 4 (S4) 0.8700