GORO NEWS why is Gold Resource Corp price falling or rising

GORO NEWS reasons for why stock price of Gold Resource Corp is falling or rising

GORO Gold Resource is falling or rising technical reasons

Technical analysis forecast for Gold Resource Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Gold Resource GORO at this time. Stock is falling and might fall more.

It appears as if Gold Resource GORO gave a large move recently.

Stock of Gold Resource (GORO) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Gold Resource is bearish for shortterm, and stock might move down till 0.4 or till 0.3. Use a stoploss of 0.5 and if the stock hits stoploss, then it can shoot up till 0.58

GORO Gold Resource is falling or rising NEWS fundamental reasons

More announcements and NEWS

GORO Gold Resource Corp current price & indicator signals

Moving Averages for Gold Resource Corp

  • 5Day Average: 0.49
  • 12Day Average: 0.54
  • 20Day Average: 0.51
  • 50Day Average: 0.39
  • 100Day Average: 0.35
  • 150Day Average: 0.36
  • 200Day Average: 0.4

GORO Indicators & signals

Indicator MACD (12,26,9)

0.51, 0.48, 0.05
Indicator MACD is in positive zone

Indicator ADX (14)

0, 42.86, 42.86
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 55
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of GORO Gold Resource Corp are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
22 Mon Apr 2024 0.46 0.45 to 0.53 -6.12% 0.6 times
19 Fri Apr 2024 0.49 0.45 to 0.51 6.52% 0.67 times
18 Thu Apr 2024 0.46 0.44 to 0.51 -8% 0.67 times
17 Wed Apr 2024 0.50 0.48 to 0.55 -7.41% 0.77 times
16 Tue Apr 2024 0.54 0.50 to 0.54 1.89% 0.48 times
15 Mon Apr 2024 0.53 0.50 to 0.55 -1.85% 0.62 times
12 Fri Apr 2024 0.54 0.52 to 0.60 -6.9% 1.38 times
11 Thu Apr 2024 0.58 0.56 to 0.64 3.57% 1.68 times
10 Wed Apr 2024 0.56 0.50 to 0.57 0% 1.13 times
09 Tue Apr 2024 0.56 0.55 to 0.64 -8.2% 1.45 times
08 Mon Apr 2024 0.61 0.60 to 0.66 -1.61% 1.15 times
05 Fri Apr 2024 0.62 0.59 to 0.65 1.64% 1.64 times

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GORO NEWS why is Gold Resource Corp price falling or rising

 

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