Technical Analysis for ERD - Erdene Resource Development Corporation

Grade Last Price % Change Price Change
B 0.720 2.86% 0.020
ERD closed up 2.86 percent on Friday, October 11, 2024, on 46 percent of normal volume.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Very Strong Up Up Up

Date Alert Name Type % Chg
1,2,3 Pullback Bullish Bullish Swing Setup 0.00%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.00%
Inside Day Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
1,2,3 Pullback Bullish Bullish Swing Setup 2.86%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 2.86%
Wide Bands Range Expansion 2.86%
Overbought Stochastic Strength 2.86%
Down 3 Days in a Row Weakness 2.86%
Calm After Storm Range Contraction 0.00%

   Recent Intraday Alerts

Alert Time
Up 2% 2 days ago
Possible Inside Day 2 days ago
10 DMA Support 2 days ago
Up 1% 2 days ago
Down 1% 2 days ago

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Profile

Erdene Resource Development Corporation Description

Erdene Resource Development Corporation is a Canada-based resource company focused on the acquisition, exploration and development of base and precious metals in Mongolia. The Company holds approximately four exploration licenses covering approximately 10,730 hectares and a mining license covering over 6,040 hectares. These include Altan Nar, a gold-polymetallic project that the Company is advancing toward a production decision; Bayan Khundii, an earlier-stage gold discovery; Khuvyn Khar, an early-stage copper-silver porphyry project with multiple drill targets and copper intersections; Zuun Mod, a molybdenum-copper porphyry deposit, and Altan Arrow, an early-stage gold-silver project. The Zuun Mod property is located in Bayankhongor Province southwest of Ulaanbaatar. In addition, the Company has an alliance with Teck Resources Limited on regional, copper-gold exploration in the Trans Altay region of southwest Mongolia.


Classification

Sector: Basic Materials
Industry: Industrial Metals & Minerals
Keywords: Mining Gold Metal Copper Silver Metals Precious Metal Precious Metals Molybdenum Porphyry Porphyry Copper Deposit Polymetal Mongolia East Asia Ulaanbaatar Teck Resources

Is ERD a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 0.79
52 Week Low 0.265
Average Volume 223,505
200-Day Moving Average 0.420
50-Day Moving Average 0.508
20-Day Moving Average 0.624
10-Day Moving Average 0.703
Average True Range 0.040
RSI (14) 70.67
ADX 54.48
+DI 38.179
-DI 10.393
Chandelier Exit (Long, 3 ATRs) 0.670
Chandelier Exit (Short, 3 ATRs) 0.535
Upper Bollinger Bands 0.810
Lower Bollinger Band 0.438
Percent B (%b) 0.76
BandWidth 59.679
MACD Line 0.069
MACD Signal Line 0.064
MACD Histogram 0.0051
Fundamentals Value
Market Cap 192.63 Million
Num Shares 268 Million
EPS -0.02
Price-to-Earnings (P/E) Ratio -42.35
Price-to-Sales 0.00
Price-to-Book 3.87
PEG Ratio 0.00
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.765
Resistance 3 (R3) 0.760 0.740 0.758
Resistance 2 (R2) 0.740 0.729 0.743 0.755
Resistance 1 (R1) 0.730 0.721 0.735 0.735 0.752
Pivot Point 0.710 0.710 0.713 0.713 0.710
Support 1 (S1) 0.700 0.699 0.705 0.705 0.688
Support 2 (S2) 0.680 0.691 0.683 0.685
Support 3 (S3) 0.670 0.680 0.683
Support 4 (S4) 0.675