Meyka Pro is live. Get 50% off your first 3 months.Get Started →
Meyka Pro banner
Gorilla Gold Mines Ltd

GG8.AX Technical Analysis Summary (ASX)

Analyze GG8.AX on the ASX with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

GG8.AX●ASX
Basic MaterialsGold
$0.35
$0.005(1.39%)
Australian Market opens in 22h 23m

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 (ASX)

Gorilla Gold Mines Ltd (ASX: GG8.AX) stock currently shows a bullish trend on the ASX, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Bullish (RSI: 61.07)
Trend Strength:Moderate (ADX: 22.44)
Volatility:High (ATR: 0.02)
Support/Resistance:$0.28 – $0.36 (Bollinger Bands)

Technical conditions suggest Gorilla Gold Mines Ltd on the ASX is awaiting a decisive move. Overall, Gorilla Gold Mines Ltd remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 61.07

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 82.64

Bearish
Overbought levels may trigger pullback.

Williams %R: -12.50

Bearish
Overbought levels may trigger correction.

Rate of Change (ROC): 22.41

Strongly Bullish
Strong upside momentum.

Takeaway:Gorilla Gold Mines Ltd shows strong bullish momentum, with buyers firmly in control.

Trend & Volatility

MACD: 0.01

Bullish
Bullish, trend momentum is strengthening.

ADX: 22.44

Moderate
Moderate trend, direction gaining strength.

ATR (14): 0.02

Low
Low volatility, stable price action.

CCI (14): 116.95

Bearish Risk
Bearish risk, overbought levels suggest caution.

Takeaway:Gorilla Gold Mines Ltd shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$0.36
Middle Band (SMA 20)
$0.32
Lower Band
$0.28
Current Position
Within Bands

Takeaway:Gorilla Gold Mines Ltd trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels
Upper Channel
$0.37
Middle Line (EMA 20)
$0.33
Lower Channel
$0.29
Squeeze Status
Squeeze On

Takeaway:Gorilla Gold Mines Ltd trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis
On-Balance Volume2.37M
Money Flow Index86.06Bearish risk, overbought conditions may trigger pullback.
Relative Vigor Index49.38Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:GG8.AX shows mixed signals in money flow analysis.

Technical Trading Signals Summary
Based on the current technical analysis of Gorilla Gold Mines Ltd (ASX: GG8.AX), 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.

Bearish Signals

Price near upper Bollinger Band → potential resistance and pullback risk.

MFI above 80 → overbought conditions may limit upside.

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Gorilla Gold Mines Ltd 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.

(ASX: GG8.AX) Technical Analysis FAQ