Gold Road Resources (GOR)

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Gold Road Resources (GOR): Signals

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TECHNICAL ANALYSIS SUMMARY

Gold Road Resources (GOR.AX)


Indicator:

AVG DIRECTIONAL INDEX


Last Signal:

MEDIUM TREND


Trading: HOLD @ $0.6
Signal Strength: MEDIUM
Recommendation:

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has been constructed to highlight the existence of a trend for an assocaited timeframe. Trend determining indicators can be used in short, medium or long term timeframes & determines if the stock is trending or ranging. Once the trend status is quantified, this can then be coupled to additional indicators to add a significant advantage to the trading strategy.


Gold Road Resources (ASX:GOR) has confirmed a strong trend is present. Gold Road Resources has an ATR(14) of 0.023, a DX of 28.52 & an ADX(14) of 36.44



The Average Directional Index (ADX) Minus Directional Indicator (-DI) and Plus Directional Indicator (+DI) represent a group of directional movement indicators that form a trading system developed by Welles Wilder.

Calculation: Average Directional Movement Index (ADX):
Trend Strength ;
1) 0-25 = Absent or Weak Trend;
2) 25-50 = Strong Trend;
3) 50-75 = Very Strong Trend;
4) 75-100 Extremely Strong Trend;


PROFILE: Gold Road Resources (GOR.AX)


Stock Exchange: ASX
Company: Gold Road Resources
Ticker Codes: | GOR.AX | ASX:GOR |

About Gold Road Resources (ASX:GOR):

Gold Road Resources Limited, together with its subsidiaries, engages in the exploration and development of mineral properties in Australia. The company primarily explores for gold deposits. It focuses on developing the Yamarna Belt comprising Gruyere, Central Bore, and Attila projects, which covers an area of 6,000 square kilometers located to the east of Laverton in Western Australia. The company was formerly known as Eleckra Mines Limited and changed its name to Gold Road Resources Limited in November 2010. Gold Road Resources Limited was incorporated in 2007 and is based in West Perth, Australia.

Top 10:

Average Directional Index

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Company Close Change (%) Volume Value Signal
TNG Tennant Creek Gold 0.1 10 1,609,390 32.26 BULLISH
IPD Impedimed 0.23 9.5 320,708 39.73 BULLISH
YAL Yancoal Australia 3.58 6.2 15,958 34.03 BULLISH
ANG Austin Engineering 0.22 4.8 1,029,374 32.45 BULLISH
GCY Gascoyne Resources 0.12 4.3 2,720,069 51.58 BULLISH
EQT Equity Trustees 24 4.3 34,589 29.04 BULLISH
GMG Goodman 10.96 4.2 6,182,576 32.27 BULLISH
SDA Speedcast International 3.59 4.1 887,019 25.52 BULLISH
AFA ASF 0.08 3.9 7,402 25.28 BULLISH
SBM St Barbara Mines 4.52 3 2,705,447 25.85 BULLISH
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