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
$6.78
$0.09(1.35%)
Canadian Market opens in 7h 36m

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 bullish trend on the TSX, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Bullish (RSI: 69.31)
Trend Strength:Strong (ADX: 31.15)
Volatility:Medium (ATR: 0.31)
Support/Resistance:$5.00 – $7.05 (Bollinger Bands)

Technical conditions suggest Erdene Resource Development Corporation on the TSX is awaiting a decisive move. Overall, Erdene Resource Development Corporation remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 69.31

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 91.60

Bearish
Overbought levels may trigger pullback.

Williams %R: -14.46

Bearish
Overbought levels may trigger correction.

Rate of Change (ROC): 25.28

Strongly Bullish
Strong upside momentum.

Takeaway:Erdene Resource Development Corporation shows strong bullish momentum, with buyers firmly in control.

Trend & Volatility

MACD: 0.33

Bullish
Bullish, trend momentum is strengthening.

ADX: 31.15

Strong
Strong trend, momentum well established.

ATR (14): 0.31

Low
Low volatility, stable price action.

CCI (14): 125.29

Bearish Risk
Bearish risk, overbought levels suggest caution.

Takeaway:Erdene Resource Development Corporation shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$7.05
Middle Band (SMA 20)
$6.03
Lower Band
$5.00
Current Position
Within Bands

Takeaway:Erdene Resource Development Corporation trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels
Upper Channel
$6.74
Middle Line (EMA 20)
$6.11
Lower Channel
$5.49
Squeeze Status
No Squeeze

Takeaway:Erdene Resource Development Corporation trades near the upper channel, signaling resistance and risk of pullback.

Volume & Money Flow Analysis
On-Balance Volume-592.70K
Money Flow Index79.40Bullish, inflows support continued momentum.
Relative Vigor Index41.85Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:ERD.TO shows mixed signals in money flow analysis.

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

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

ADX above 20 → strong underlying trend.

Price trading above middle Bollinger Band → mid-term support intact.

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

Bearish Signals

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Erdene Resource Development Corporation currently shows a Buy with caution signal — momentum and trend strength are positive, but price is close to resistance and may face short-term pullbacks.

(TSX: ERD.TO) Technical Analysis FAQ