Gold Road Resources Stock Technical Analysis

ELKMF Stock  USD 1.04  0.01  0.95%   
As of the 28th of March, Gold Road retains the Market Risk Adjusted Performance of 0.2989, risk adjusted performance of (0.02), and Standard Deviation of 2.88. Gold Road technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We have collected data for thirteen technical drivers for Gold Road Resources, which can be compared to its competitors. Please check out Gold Road Resources standard deviation, maximum drawdown, as well as the relationship between the Maximum Drawdown and kurtosis to decide if Gold Road is priced fairly, providing market reflects its last-minute price of 1.04 per share. Given that Gold Road Resources is a hitting penny stock territory we urge to closely look at its jensen alpha.

Gold Road Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Gold, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Gold
  
Gold Road's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Gold Road technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.
A focus of Gold Road technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Gold Road trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Gold Road Resources Technical Analysis

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Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Gold Road Resources volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Gold Road Resources Trend Analysis

Use this graph to draw trend lines for Gold Road Resources. You can use it to identify possible trend reversals for Gold Road as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Gold Road price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Gold Road Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Gold Road Resources applied against its price change over selected period. The best fit line has a slop of   0.0031  , which may suggest that Gold Road Resources market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.36, which is the sum of squared deviations for the predicted Gold Road price change compared to its average price change.

About Gold Road Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Gold Road Resources on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Gold Road Resources based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Gold Road Resources price pattern first instead of the macroeconomic environment surrounding Gold Road Resources. By analyzing Gold Road's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Gold Road's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Gold Road specific price patterns or momentum indicators. Please read more on our technical analysis page.

Gold Road March 28, 2024 Technical Indicators

Most technical analysis of Gold help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Gold from various momentum indicators to cycle indicators. When you analyze Gold charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Gold Road March 28, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Gold stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Gold Road Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.

Complementary Tools for Gold Pink Sheet analysis

When running Gold Road's price analysis, check to measure Gold Road's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Gold Road is operating at the current time. Most of Gold Road's value examination focuses on studying past and present price action to predict the probability of Gold Road's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gold Road's price. Additionally, you may evaluate how the addition of Gold Road to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Gold Road's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gold Road is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gold Road's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.