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Erdene Resource Development Corporation

ERDCF•PNK
Basic Materials
Industrial Materials
$5.78
$-0.18(-3.02%)
U.S. Market opens in 5h 59m

Erdene Resource Development Corporation (ERDCF) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for Erdene Resource Development Corporation (PNK:ERDCF).

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

ERDCF Technical Analysis Summary

Erdene Resource Development Corporation stock currently trades in a neutral range, with no clear dominance from buyers or sellers.

Overall Sentiment:Neutral
Momentum:Neutral to Bullish (RSI: 52.39)
Trend Strength:Moderate (ADX: 24.10)
Volatility:High (ATR: 0.33)
Support/Resistance:$5.30 – $6.80 (Bollinger Bands)

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

Momentum Indicators

RSI (14): 52.39

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 61.02

Bullish
Buying momentum building without extremes.

Williams %R: -20.65

Bullish
Buying pressure building steadily.

Rate of Change (ROC): 6.88

Strongly Bullish
Strong upside momentum.

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

Trend & Volatility

MACD: -0.07

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 24.10

Moderate
Moderate trend, direction gaining strength.

ATR (14): 0.33

Low
Low volatility, stable price action.

CCI (14): 103.50

Bearish Risk
Bearish risk, overbought levels suggest caution.

Takeaway:Erdene Resource Development Corporation shows weakening trend signals, with bearish pressure building.

Support & Resistance indicators
Bollinger Bands
Upper Band
$6.80
Middle Band (SMA 20)
$6.05
Lower Band
$5.30
Current Position
Within Bands

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

Keltner Channels
Upper Channel
$6.68
Middle Line (EMA 20)
$6.02
Lower Channel
$5.37
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 Volume93.50K
Money Flow Index49.84Neutral, balanced money flows with no clear signal.
Relative Vigor Index61.30Bullish, price momentum strongly favors buyers.

Overall Takeaway:ERDCF shows mixed signals in money flow analysis.

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

Bullish Signals

RSI above 50 → positive momentum from buyers.

ADX above 20 → strong underlying trend.

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

Bearish Signals

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

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

Technical Analysis FAQ