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Gold Resource Corporation

GORO Technical Analysis Summary (AMEX)

Analyze GORO on the AMEX with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

GORO●AMEX
Basic MaterialsOther Precious Metals
$1.99
$0.30(13.32%)
U.S. Market is Open · 09:55

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

GORO Technical Analysis Summary (AMEX)

Gold Resource Corporation (AMEX: GORO) stock currently shows a bullish trend on the AMEX, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Neutral to Bullish (RSI: 55.70)
Trend Strength:Strong (ADX: 37.92)
Volatility:High (ATR: 0.36)
Support/Resistance:$0.35 – $2.79 (Bollinger Bands)

Technical conditions suggest Gold Resource Corporation on the AMEX is awaiting a decisive move. This mix signals that Gold Resource Corporation is trading in a balanced range with no clear breakout yet.

Momentum Indicators

RSI (14): 55.70

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 44.76

Neutral
Mid-range signal with no clear trend.

Williams %R: -64.38

Bearish
Sellers maintain momentum below neutral.

Rate of Change (ROC): 60.40

Strongly Bullish
Strong upside momentum.

Takeaway:Gold Resource Corporation shows neutral momentum, with indicators pointing to indecision.

Trend & Volatility

MACD: 0.26

Bullish
Bullish, trend momentum is strengthening.

ADX: 37.92

Strong
Strong trend, momentum well established.

ATR (14): 0.36

Low
Low volatility, stable price action.

CCI (14): 40.47

Bullish
Bullish, momentum building upward.

Takeaway:Gold Resource Corporation shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$2.79
Middle Band (SMA 20)
$1.57
Lower Band
$0.35
Current Position
Within Bands

Takeaway:Gold Resource Corporation trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels
Upper Channel
$2.44
Middle Line (EMA 20)
$1.73
Lower Channel
$1.01
Squeeze Status
No Squeeze

Takeaway:Gold Resource Corporation trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis
On-Balance Volume43.06M
Money Flow Index20.91Bearish, selling pressure outweighs inflows.
Relative Vigor Index15.52Bearish, price momentum favors sellers.

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

Technical Trading Signals Summary
Based on the current technical analysis of Gold Resource Corporation (AMEX: GORO), 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.

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

Bearish Signals

RVI below 50 → vigor tilted toward sellers.

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

(AMEX: GORO) Technical Analysis FAQ