Technical Analysis for ERD - Erdene Resource Development Corporation

Grade Last Price % Change Price Change
C 0.610 5.17% 0.030
ERD closed up 5.17 percent on Friday, November 15, 2024, on 50 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Down Flat

Date Alert Name Type % Chg
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Gapped Up Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Oversold Stochastic Weakness 0.00%
Lower Bollinger Band Walk Weakness 5.17%
Gapped Down Weakness 5.17%
Lower Bollinger Band Touch Weakness 5.17%
Oversold Stochastic Weakness 5.17%

   Recent Intraday Alerts

Alert Time
10 DMA Resistance 1 day ago
Possible NR7 1 day ago
Rose Above 10 DMA 1 day ago
Up 5% 1 day ago
1.5x Volume Pace 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 0.29
Average Volume 247,916
200-Day Moving Average 0.460
50-Day Moving Average 0.616
20-Day Moving Average 0.644
10-Day Moving Average 0.607
Average True Range 0.032
RSI (14) 46.24
ADX 28.15
+DI 23.012
-DI 24.271
Chandelier Exit (Long, 3 ATRs) 0.643
Chandelier Exit (Short, 3 ATRs) 0.647
Upper Bollinger Bands 0.733
Lower Bollinger Band 0.554
Percent B (%b) 0.31
BandWidth 27.817
MACD Line -0.016
MACD Signal Line -0.004
MACD Histogram -0.0115
Fundamentals Value
Market Cap 163.2 Million
Num Shares 268 Million
EPS -0.02
Price-to-Earnings (P/E) Ratio -35.88
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) 0.625
Resistance 3 (R3) 0.623 0.617 0.623
Resistance 2 (R2) 0.617 0.613 0.618 0.622
Resistance 1 (R1) 0.613 0.610 0.615 0.615 0.621
Pivot Point 0.607 0.607 0.608 0.608 0.607
Support 1 (S1) 0.603 0.603 0.605 0.605 0.599
Support 2 (S2) 0.597 0.600 0.598 0.598
Support 3 (S3) 0.593 0.597 0.598
Support 4 (S4) 0.595