Meyka Pro is live. Get 50% off your first 3 months.Get Started →
Meyka Pro banner
Erdene Resource Development Corporation

ERD.TO Technical Analysis Summary (TSX)

Analyze ERD.TO on the TSX with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

ERD.TO●TSX
Basic MaterialsIndustrial Materials
$6.00
$0.15(2.56%)
Canadian Market opens in 3h 43m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

ERD.TO Technical Analysis Summary (TSX)

Erdene Resource Development Corporation (TSX: ERD.TO) stock currently shows a neutral trend on the TSX, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Neutral to Bearish (RSI: 46.25)
Trend Strength:Weak (ADX: 13.62)
Volatility:Medium (ATR: 0.30)
Support/Resistance:$5.47 – $6.68 (Bollinger Bands)

Technical conditions suggest Erdene Resource Development Corporation on the TSX is awaiting a decisive move. Technical conditions suggest Erdene Resource Development Corporation is consolidating, awaiting a decisive move.

Momentum Indicators

RSI (14): 46.25

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 46.75

Neutral
Mid-range signal with no clear trend.

Williams %R: -34.52

Bullish
Buying pressure building steadily.

Rate of Change (ROC): -3.88

Bearish
Selling pressure outweighs buying.

Takeaway:Erdene Resource Development Corporation shows neutral momentum, with indicators pointing to indecision.

Trend & Volatility

MACD: -0.12

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 13.62

Weak
Weak trend, market trading sideways.

ATR (14): 0.30

Low
Low volatility, stable price action.

CCI (14): 34.55

Bullish
Bullish, momentum building upward.

Takeaway:Erdene Resource Development Corporation shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$6.68
Middle Band (SMA 20)
$6.08
Lower Band
$5.47
Current Position
Within Bands

Takeaway:Erdene Resource Development Corporation trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$6.62
Middle Line (EMA 20)
$6.03
Lower Channel
$5.43
Squeeze Status
No Squeeze

Takeaway:Erdene Resource Development Corporation trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume-8.30K
Money Flow Index34.62Bearish, selling pressure outweighs inflows.
Relative Vigor Index44.30Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:ERD.TO shows bearish money flow, with sellers dominating volume and vigor.

Technical Trading Signals Summary
Based on the current technical analysis of Erdene Resource Development Corporation (TSX: ERD.TO), here are the key trading signals and recommendations:

Bullish Signals

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

MACD below signal line → short-term caution on momentum.

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Technical indicators for Erdene Resource Development Corporation are mixed, suggesting a Hold or wait-and-see approach.

(TSX: ERD.TO) Technical Analysis FAQ