Technical Analysis for ERD - Erdene Resource Development Corporation

Grade Last Price % Change Price Change
A 0.410 2.50% 0.010
ERD closed unchanged on Tuesday, April 23, 2024, on 69 percent of normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation.
Earnings due: May 2
*** please verify all earnings dates ***
1 Watcher
Watchlist Portfolio

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 2.50%
Lizard Bearish Bearish Day Trade Setup 2.50%
Bollinger Band Squeeze Range Contraction 2.50%
Doji - Bearish? Reversal 2.50%
Crossed Above 20 DMA Bullish 2.50%
180 Bullish Setup Bullish Swing Setup 2.50%
Bollinger Band Squeeze Range Contraction 2.50%
20 DMA Resistance Bearish 5.13%
Bollinger Band Squeeze Range Contraction 5.13%
Narrow Range Bar Range Contraction 5.13%

   Recent Intraday Alerts

Alert Time
Rose Above Upper Bollinger Band 4 minutes ago
Up 2% 4 minutes ago
Up 1% 4 minutes ago
Bullish 180 Entry about 23 hours ago
Rose Above Previous Day's High about 23 hours 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 0.415
52 Week Low 0.265
Average Volume 168,171
200-Day Moving Average 0.340
50-Day Moving Average 0.383
20-Day Moving Average 0.394
10-Day Moving Average 0.391
Average True Range 0.015
RSI (14) 58.16
ADX 15.4
+DI 21.244
-DI 18.565
Chandelier Exit (Long, 3 ATRs) 0.370
Chandelier Exit (Short, 3 ATRs) 0.415
Upper Bollinger Bands 0.410
Lower Bollinger Band 0.377
Percent B (%b) 0.69
BandWidth 8.329
MACD Line 0.003
MACD Signal Line 0.003
MACD Histogram -0.0006
Fundamentals Value
Market Cap 107.01 Million
Num Shares 268 Million
EPS -0.02
Price-to-Earnings (P/E) Ratio -23.53
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) 0.415
Resistance 3 (R3) 0.417 0.413 0.413
Resistance 2 (R2) 0.413 0.410 0.413 0.412
Resistance 1 (R1) 0.407 0.407 0.405 0.405 0.411
Pivot Point 0.403 0.403 0.403 0.403 0.403
Support 1 (S1) 0.397 0.400 0.395 0.395 0.389
Support 2 (S2) 0.393 0.397 0.393 0.388
Support 3 (S3) 0.387 0.393 0.388
Support 4 (S4) 0.385