Technical Analysis for ERD - Erdene Resource Development Corporation

Grade Last Price % Change Price Change
grade B 0.66 1.54% 0.010
ERD closed up 1.54 percent on Tuesday, August 4, 2020, on 2.12 times normal volume. The bulls were able to push the stock to a new 52-week high. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Very Strong Up Up Up
Historical ERD trend table...

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.00%
New 52 Week High Strength 0.00%
Parabolic Rise Strength 0.00%
Stochastic Reached Overbought Strength 0.00%
Upper Bollinger Band Walk Strength 0.00%
Wide Bands Range Expansion 0.00%
Above Upper BB Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%

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Profile

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.
Mining Porphyry Copper Deposit East Asia Mongolia Ulaanbaatar

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 0.71
52 Week Low 0.13
Average Volume 675,024
200-Day Moving Average 0.254
50-Day Moving Average 0.402
20-Day Moving Average 0.542
10-Day Moving Average 0.580
Average True Range 0.052
ADX 50.85
+DI 45.952
-DI 8.606
Chandelier Exit (Long, 3 ATRs ) 0.554
Chandelier Exit (Short, 3 ATRs ) 0.536
Upper Bollinger Band 0.654
Lower Bollinger Band 0.430
Percent B (%b) 1.03
BandWidth 41.181
MACD Line 0.066
MACD Signal Line 0.060
MACD Histogram 0.0061
Fundamentals Value
Market Cap 96.34 Million
Num Shares 146 Million
EPS -0.03
Price-to-Earnings (P/E) Ratio -22.00
Price-to-Sales 0.00
Price-to-Book 5.59
PEG Ratio 0.00
Dividend 0.00
Dividend Yield 0.00%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.780
Resistance 3 (R3) 0.783 0.747 0.760
Resistance 2 (R2) 0.747 0.716 0.745 0.753
Resistance 1 (R1) 0.703 0.697 0.685 0.700 0.747
Pivot Point 0.667 0.667 0.658 0.665 0.667
Support 1 (S1) 0.623 0.636 0.605 0.620 0.573
Support 2 (S2) 0.587 0.617 0.585 0.567
Support 3 (S3) 0.543 0.587 0.560
Support 4 (S4) 0.540