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Gorilla Gold Mines Ltd

GG8.AX•ASX
Basic Materials
Gold
$0.38
$-0.02(-5.00%)
Australian Market opens in 4h 10m

Gorilla Gold Mines Ltd (GG8.AX) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for Gorilla Gold Mines Ltd (ASX:GG8.AX).

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

GG8.AX Technical Analysis Summary

Gorilla Gold Mines Ltd stock currently shows a bearish trend, weighed down by selling pressure and weak momentum.

Overall Sentiment:Sell
Momentum:Bearish to Weak (RSI: 39.43)
Trend Strength:Moderate (ADX: 23.23)
Volatility:High (ATR: 0.03)
Support/Resistance:$0.38 – $0.48 (Bollinger Bands)

Overall, Gorilla Gold Mines Ltd remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 39.43

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 15.94

Bullish
Oversold zone signals rebound potential.

Williams %R: -91.30

Bullish
Oversold zone suggests rebound potential.

Rate of Change (ROC): -8.05

Strongly Bearish
Sharp downside momentum.

Takeaway:Gorilla Gold Mines Ltd shows strong bearish momentum, signaling downside pressure.

Trend & Volatility

MACD: -0.02

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 23.23

Moderate
Moderate trend, direction gaining strength.

ATR (14): 0.03

Low
Low volatility, stable price action.

CCI (14): -123.28

Bearish
Bearish, oversold conditions may spark rebound.

Takeaway:Gorilla Gold Mines Ltd shows weakening trend signals, with bearish pressure building.

Support & Resistance indicators
Bollinger Bands
Upper Band
$0.48
Middle Band (SMA 20)
$0.43
Lower Band
$0.38
Current Position
Within Bands

Takeaway:Gorilla Gold Mines Ltd trades near the lower band, signaling oversold conditions and potential rebound.

Keltner Channels
Upper Channel
$0.49
Middle Line (EMA 20)
$0.43
Lower Channel
$0.37
Squeeze Status
Squeeze On

Takeaway:Gorilla Gold Mines Ltd trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume-1.45M
Money Flow Index34.18Bearish, selling pressure outweighs inflows.
Relative Vigor Index26.74Bearish, price momentum favors sellers.

Overall Takeaway:GG8.AX shows bearish money flow, with sellers dominating volume and vigor.

Technical Trading Signals Summary
Based on the current technical analysis of Gorilla Gold Mines Ltd, here are the key trading signals and recommendations:

Bullish Signals

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.

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Gorilla Gold Mines Ltd shows a Bearish signal — selling pressure is building, with trend indicators favoring downside.

Technical Analysis FAQ