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 of Gold Resource Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Gold Resource GORO at this time. Stock is rising and might rise more.

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

Stock of Gold Resource (GORO) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Gold Resource is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Gold Resource stays above 0.4, but if it comes below 0.4, then a intra day sell could be more profitable.
If you take a sell trade below 0.4, then use 0.4 as stoploss and 0.36 as target. However if you take a buy trade in Gold Resource, then use 0.4 as stoploss and 0.5 as target.

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: 0.38
  • 12Day Average: 0.39
  • 20Day Average: 0.35
  • 50Day Average: 0.3
  • 100Day Average: 0.31
  • 150Day Average: 0.35
  • 200Day Average: 0.41

GORO Indicators & signals

Indicator MACD (12,26,9)

0.38, 0.35, 0.01
Indicator MACD is in positive zone

Indicator ADX (14)

20, 28.57, 42.86
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 56
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
28 Thu Mar 2024 0.43 0.40 to 0.45 7.5% 1.29 times
27 Wed Mar 2024 0.40 0.36 to 0.41 14.29% 1.22 times
26 Tue Mar 2024 0.35 0.35 to 0.37 -2.78% 0.38 times
25 Mon Mar 2024 0.36 0.34 to 0.40 -5.26% 0.87 times
22 Fri Mar 2024 0.38 0.37 to 0.41 -2.56% 0.43 times
21 Thu Mar 2024 0.39 0.38 to 0.41 0% 0.71 times
20 Wed Mar 2024 0.39 0.37 to 0.42 2.63% 0.71 times
19 Tue Mar 2024 0.38 0.38 to 0.44 -9.52% 1.2 times
18 Mon Mar 2024 0.42 0.39 to 0.45 10.53% 1.4 times
15 Fri Mar 2024 0.38 0.36 to 0.40 8.57% 1.1 times
14 Thu Mar 2024 0.35 0.35 to 0.43 -14.63% 1.97 times
13 Wed Mar 2024 0.41 0.36 to 0.42 20.59% 2.32 times

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