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Gorilla Gold Mines Ltd

GG8.AX•ASX
Basic Materials
Gold
$0.36
$-0.02(-5.26%)
Australian Market opens in 7h 3m
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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 trades in a neutral range, with no clear dominance from buyers or sellers.

Overall Sentiment:Neutral
Momentum:Neutral to Bearish (RSI: 49.11)
Trend Strength:Moderate (ADX: 21.48)
Volatility:High (ATR: 0.02)
Support/Resistance:$0.33 – $0.45 (Bollinger Bands)

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

Momentum Indicators

RSI (14): 49.11

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 23.33

Bearish
Momentum remains weak below midpoint.

Williams %R: -70.00

Bearish
Sellers maintain momentum below neutral.

Rate of Change (ROC): 0.00

Neutral
Price change is minimal.

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

Trend & Volatility

MACD: 0.00

Neutral
Neutral, momentum shows no clear direction.

ADX: 21.48

Moderate
Moderate trend, direction gaining strength.

ATR (14): 0.02

Low
Low volatility, stable price action.

CCI (14): -62.53

Bearish
Bearish, momentum remains under pressure.

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

Support & Resistance indicators
Bollinger Bands
Upper Band
$0.45
Middle Band (SMA 20)
$0.39
Lower Band
$0.33
Current Position
Within Bands

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

Keltner Channels
Upper Channel
$0.43
Middle Line (EMA 20)
$0.38
Lower Channel
$0.34
Squeeze Status
No Squeeze

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

Volume & Money Flow Analysis
On-Balance Volume-31.02M
Money Flow Index72.60Bullish, inflows support continued momentum.
Relative Vigor Index51.89Neutral to Bullish, buyers hold a slight edge.

Overall Takeaway:GG8.AX shows bullish money flow, with volume and vigor supporting buyers.

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.

Overall Recommendation:Technical indicators for Gorilla Gold Mines Ltd are mixed, suggesting a Hold or wait-and-see approach.

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