Technical analysis from GAMCO Global Gold (GGN, AMEX:GGN) on the American Stock Exchange (AMEX). Download the latest price data & trading signals

GAMCO Global Gold
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[Bearish]: TMA(5) is serving as a resistance line for GAMCO Global Gold
Triangular Moving Average /
[Bearish]: TMA(5) is serving as a resistance line for GAMCO Global Gold

[BEARISH]: GAMCO Global Gold currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -0.6%.

Recent trading for GAMCO Global Gold fell short of the previous close by -0.6 %
Closing Price /
Recent trading for GAMCO Global Gold fell short of the previous close by -0.6 %

[BEARISH]: GAMCO Global Gold current downtrend in the first timeframe. Currently, the Close is $5.05.

On Balance Volume /
GAMCO Global Gold: Current trading activity signals OBV accumulation is present

[BULLISH]: GAMCO Global Gold current price has highlighted recent accumulation. Currently, the OBV is 620708.

Volume Rate of Change /
Negative VROC confirmation for GAMCO Global Gold is a leading indicator for continued price fall

[BEARISH CROSSOVER]: GAMCO Global Gold currently has negative rate of change of -30%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -0.6%.

Accumulation / Distribution /
Market conditions are indicating accumulation is current for GGN

[BULLISH]: GAMCO Global Gold current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 207818.

Short Trend /
First timeframe trend of GAMCO Global Gold remains as an Downtrend

[BEARISH]: GAMCO Global Gold is in a downtrend in the short term timeframe. The current rally number is 2 & the highest rally count for the LTM is 3

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Elders Force Index /
Bearish conditions for GGN are likely to continue based on EFI (-6697)

[BEARISH]: GAMCO Global Gold current price has highlighted recent selling pressure. Currently, the Elders Force Index is -6697.

Demarks Pivot Points /
GAMCO Global Gold has broken the first DeMark support point ($5.055) [Bearish]

GAMCO Global Gold has broken the first DeMark support point ($5.055) [Bearish]. Look for a short limit order entry near this point. Exit price for GGN should be set @$5.0400 & short position stoploss for GAMCO Global Gold should be set at $5.06

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Prices are being driven below the consensus of value for GGN [Bearish]
Elder Ray Index /
Prices are being driven below the consensus of value for GGN [Bearish]

[BEARISH]: GAMCO Global Gold Elder Ray Index is signalling a Bearish movementERI is -0.044 indicating bear power. Prices are being driven below the consensus of value for GGN during the last trading session [Selling Pressure]

DVI: Accumulation still active for GAMCO Global Gold
Daily Volume Index /
DVI: Accumulation still active for GAMCO Global Gold

GGN: DVI Recent Trading -> (1) 25 May: 188 (2) 24 May: 236 (3) 23 May: 316

Momentum /
Negative momentum: Price is now trading lower for GAMCO Global Gold than 5 days ago

[BEARISH CROSSOVER]: GAMCO Global Gold currently has negative momentum of -0.01 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -0.6%.The largest downward momentum rally for the last 3 months is 3 days producing a return of -0.2%.

Weighted Moving Average /
The WMA trend following signal is still current for GAMCO Global Gold [Bearish]

GGN: WMA Current Signal -> (1) 25 May: BEARISH (2) 24 May: BEARISH (3) 23 May: BEARISH CROSSOVER

Close Tod Vs Range Tod /
Trading for GAMCO Global Gold highlights the commitment of sellers to carry positions overnight.

GGN: Close versus price range Current Signal ->(1) 25 May: BEARISH (2) 24 May: BEARISH (3) 23 May: BEARISH

GAMCO Global Gold is in a short term downtrend with the closing price @$5.05
Sine Weighted Moving Average /
GAMCO Global Gold is in a short term downtrend with the closing price @$5.05

[BEARISH]: GAMCO Global Gold currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is -0.6%.

GAMCO Global Gold: Daily price range is $0.02 [Decreasing Range]
Price Range /
GAMCO Global Gold: Daily price range is $0.02 [Decreasing Range]

[BEARISH]: GAMCO Global Gold current downtrend in the first timeframe. Currently, the Range is $0.02.

Open Tod Vs Close Tod /
Open/close reversal confirmed for GAMCO Global Gold signalling the sellers have taken control

[BEARISH]: GAMCO Global Gold opened in the middle part of daily range at 50% & closed in the lower part of the trading range at 0%. This suggests the sellers have taken control. Over the last 12 months there has been 2 trading days with the opening price in the middle shadow & the closing the price in the lower shadow giving a confirmation ratio of 12.5%. Over the last month there has been 2 trading days with the opening price in the middle price range & the closing the price in the lower price range giving a confirmation ratio of 12.5%.

Woodie Pivot Point /
Limit order for a short position has been identified for GAMCO Global Gold [Bearish]

GAMCO Global Gold has broken the first Woodie support point ($5.04) [Bearish]. Look for a short limit order entry near this point. Exit price for GGN should be set @$5.035 & short position stoploss for GAMCO Global Gold should be set at $5.075

Gap Down /
A short term Gap Down has formed with GAMCO Global Gold

GGN: Bar Reversal Current Signal -> (1) 25 May: BULLISH (2) 24 May: NEUTRAL (3) 23 May: BEARISH

GGN Basic Candle: Black
Black Candle /
GGN Basic Candle: Black

[BEARISH]: GAMCO Global Gold has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.

Weaker price performance from GGN has seen a lower high of -0.8 % [Downtrend]
High Price /
Weaker price performance from GGN has seen a lower high of -0.8 % [Downtrend]

[BEARISH]: GAMCO Global Gold current downtrend in the first timeframe. Currently, the HIGH is -0.8 %.

GAMCO Global Gold: Stochastic Oscillator 24.4 is below the oversold limit
Stochastic Oscillator /
GAMCO Global Gold: Stochastic Oscillator 24.4 is below the oversold limit

[BULLISH]: GAMCO Global Gold is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Aroon Oscillator /
GAMCO Global Gold has signalled an Aroon trend present [Downtrend]

[BEARISH]: GAMCO Global Gold has a current ARU(25) of 60 and a current ARD(25) of 72

Fibonacci Extensions /
Long positions for GAMCO Global Gold should be set between $19.48 & $16.03

GAMCO Global Gold has moved below the 161.8% level ($19.48) [Bullish]. Look for a long limit order entry near this point. Exit price for GGN should be set @$16.03 & Stoploss for GAMCO Global Gold should be set at $22.93

Volume /
GAMCO Global Gold has failed to achieve a lower volume of 268913 (-25.6)

GGN: VOLUME Current Signal -> (1) 25 May: BEARISH (2) 24 May: BEARISH (3) 23 May: BEARISH

Ease of Movement /
GAMCO Global Gold was difficult to move downward due to high volume in recent trading [Bearish]

GGN: EOM Current Signal -> (1) 25 May: BEARISH HARD (2) 24 May: BEARISH HARD (3) 23 May: NEUTRAL

Exponential Moving Average(5) signal continues for GAMCO Global Gold indicating downward price movement is likely
Exponential Moving Average /
Exponential Moving Average(5) signal continues for GAMCO Global Gold indicating downward price movement is likely

[BEARISH]: GAMCO Global Gold currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -0.6%.

GAMCO Global Gold has initiated a negative rate of change of -1.751
Rate of Change /
GAMCO Global Gold has initiated a negative rate of change of -1.751

[BEARISH CROSSOVER]: GAMCO Global Gold currently has negative rate of change of -1.751%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

Opening Price /
GAMCO Global Gold: Daily opening price is $5.06

[BEARISH]: GAMCO Global Gold opening price has gapped down. Currently, the OPEN is $5.06 (-0.4 %).

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