Technical Analysis for ERD - Erdene Resource Development Corporation

Grade Last Price % Change Price Change
D 0.420 2.44% 0.010
ERD closed up 2.44 percent on Friday, July 26, 2024, on 56 percent of normal volume.
Earnings due: Jul 31
*** 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 Down Down

Date Alert Name Type % Chg
20 DMA Resistance Bearish 0.00%
MACD Bearish Centerline Cross Bearish 0.00%
Inside Day Range Contraction 0.00%
Gapped Up Strength 0.00%
Fell Below 20 DMA Bearish 2.44%
MACD Bearish Signal Line Cross Bearish 2.44%
Expansion Pivot Sell Setup Bearish Swing Setup 2.44%
Gapped Up Strength 2.44%
Fell Below 50 DMA Bearish -2.33%
50 DMA Support Bullish -4.55%

   Recent Intraday Alerts

Alert Time
20 DMA Resistance about 8 hours ago
Possible Inside Day about 9 hours ago
Rose Above 20 DMA about 12 hours ago
Up 1 ATR about 12 hours ago
Up 3% about 12 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 0.52
52 Week Low 0.265
Average Volume 124,375
200-Day Moving Average 0.371
50-Day Moving Average 0.437
20-Day Moving Average 0.426
10-Day Moving Average 0.430
Average True Range 0.017
RSI (14) 47.92
ADX 15.12
+DI 15.898
-DI 27.057
Chandelier Exit (Long, 3 ATRs) 0.400
Chandelier Exit (Short, 3 ATRs) 0.450
Upper Bollinger Bands 0.450
Lower Bollinger Band 0.401
Percent B (%b) 0.39
BandWidth 11.516
MACD Line 0.000
MACD Signal Line 0.000
MACD Histogram -0.0007
Fundamentals Value
Market Cap 112.36 Million
Num Shares 268 Million
EPS -0.02
Price-to-Earnings (P/E) Ratio -24.71
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) 0.435
Resistance 3 (R3) 0.437 0.433 0.433
Resistance 2 (R2) 0.433 0.430 0.433 0.432
Resistance 1 (R1) 0.427 0.427 0.425 0.425 0.431
Pivot Point 0.423 0.423 0.423 0.423 0.423
Support 1 (S1) 0.417 0.420 0.415 0.415 0.409
Support 2 (S2) 0.413 0.417 0.413 0.408
Support 3 (S3) 0.407 0.413 0.408
Support 4 (S4) 0.405