Technical Analysis for ERD - Erdene Resource Development Corporation

Grade Last Price % Change Price Change
B 0.390 2.63% 0.010
ERD closed up 4.11 percent on Friday, February 16, 2024, on 1.89 times normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
Earnings due: Mar 8
*** please verify all earnings dates ***
1 Watcher
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Pocket Pivot Bullish Swing Setup 2.63%
Upper Bollinger Band Walk Strength 2.63%
Above Upper BB Strength 2.63%
Gapped Up Strength 2.63%
Overbought Stochastic Strength 2.63%
Up 3 Days in a Row Strength 2.63%
50 DMA Support Bullish 6.85%
Crossed Above 200 DMA Bullish 6.85%
MACD Bullish Centerline Cross Bullish 6.85%
Expansion Breakout Bullish Swing Setup 6.85%

   Recent Intraday Alerts

Alert Time
Rose Above Previous Day's High about 2 hours ago
Up 2% about 2 hours ago
Up 1% about 2 hours ago
1.5x Volume Pace about 2 hours ago
Possible Pocket Pivot 5 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 0.41
52 Week Low 0.265
Average Volume 128,062
200-Day Moving Average 0.334
50-Day Moving Average 0.321
20-Day Moving Average 0.314
10-Day Moving Average 0.322
Average True Range 0.016
RSI (14) 72.22
ADX 21.04
+DI 43.498
-DI 12.551
Chandelier Exit (Long, 3 ATRs) 0.338
Chandelier Exit (Short, 3 ATRs) 0.337
Upper Bollinger Bands 0.358
Lower Bollinger Band 0.271
Percent B (%b) 1.26
BandWidth 27.490
MACD Line 0.008
MACD Signal Line 0.000
MACD Histogram 0.0081
Fundamentals Value
Market Cap 101.66 Million
Num Shares 268 Million
EPS -0.02
Price-to-Earnings (P/E) Ratio -22.35
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) 0.410
Resistance 3 (R3) 0.408 0.397 0.405
Resistance 2 (R2) 0.397 0.389 0.398 0.403
Resistance 1 (R1) 0.388 0.384 0.393 0.390 0.402
Pivot Point 0.377 0.377 0.379 0.378 0.377
Support 1 (S1) 0.368 0.369 0.373 0.370 0.358
Support 2 (S2) 0.357 0.364 0.358 0.357
Support 3 (S3) 0.348 0.357 0.355
Support 4 (S4) 0.350