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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
$0.29
$0.005(1.72%)
Australian Market opens in 0h 34m

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 neutral trend on the ASX, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Neutral to Bearish (RSI: 40.19)
Trend Strength:Weak (ADX: 14.02)
Volatility:High (ATR: 0.02)
Support/Resistance:$0.29 – $0.35 (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): 40.19

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 12.28

Bullish
Oversold zone signals rebound potential.

Williams %R: -78.95

Bearish
Sellers maintain momentum below neutral.

Rate of Change (ROC): -6.35

Strongly Bearish
Sharp downside momentum.

Takeaway:Gorilla Gold Mines Ltd shows weakening momentum, with sellers gaining the edge.

Trend & Volatility

MACD: -0.01

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 14.02

Weak
Weak trend, market trading sideways.

ATR (14): 0.02

Low
Low volatility, stable price action.

CCI (14): -81.27

Bearish
Bearish, momentum remains under pressure.

Takeaway:Gorilla Gold Mines Ltd shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$0.35
Middle Band (SMA 20)
$0.32
Lower Band
$0.29
Current Position
Within Bands

Takeaway:Gorilla Gold Mines Ltd trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$0.35
Middle Line (EMA 20)
$0.31
Lower Channel
$0.28
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 Volume7.01M
Money Flow Index47.13Neutral, balanced money flows with no clear signal.
Relative Vigor Index47.69Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:GG8.AX shows neutral money flow, with no clear directional pressure.

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

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 Gorilla Gold Mines Ltd are mixed, suggesting a Hold or wait-and-see approach.

(ASX: GG8.AX) Technical Analysis FAQ