Analytical Preview of Golden Star Resources, Ltd. (GSS)

Marco Green
September 21, 2017

There is also plenty of information that is not easily measured such as competitive advantage, quality of staff, and company reputation. Dedicated investors may be looking to employ another tool for doing technical stock analysis. Even after crunching all the numbers and digging deep into a specific company, the stock's performance still might not match expectations. This is the price at which the trader or investor wants to exit his existing position so he can realize the most reward.

The recent price of 100.84 for shares of Randgold Resources Ltd (GOLD) has put the price level below the Balance Step, indicating a near-term bearish pattern developing.

Moving average is significant analytical tool used to discover current price trends and the possibility for a change in an established trend. The ATR may assist traders with figuring out the strength of a breakout or reversal in price. The ATR is an indicator developed by J. Welles Wilder. Wilder has developed multiple indicators that are still quite popular in today's investing landscape.

In order to reach an opinion and communicate the value and volatility of a covered security, analysts research public financial statements, listen in on conference calls and talk to managers and the customers of a company, typically in an attempt to capture the findings for a research report. The current 14-day RSI is presently sitting at 53.98, the 7-day is 49.87, and the 3-day is 51.55. In general, and ADX value from 0-25 would represent an absent or weak trend. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend. The ADX measures the strength or weakness of a particular trend. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend. Golden Star Resources now has an average rating of Buy and a consensus target price of $1.15. One analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Different analysts and financial institutions use various valuation methods and consider different economic forces when deciding on a price target. Normal oscillations tend to stay in the range of -100 to +100. A move above 70 is widely considered to show the stock as overbought, and a move below 30 would indicate that the stock may be oversold. Zacks Investment Research raised shares of Golden Star Resources from a hold rating to a strong-buy rating and set a $0.75 target price on the stock in a research report on Monday, August 7th. The legal version of this report can be read at In terms of moving averages, the 200-day is now at 1.00, the 50-day is 0.89, and the 7-day is resting at 0.90.

At the time of writing, the 14-day Commodity Channel Index (CCI) is -91.67. Traders may use the indicator to determine stock trends or to identify overbought/oversold conditions. A reading between 0 and -20 would point to an overbought situation. The firm's 50 day moving average price is $0.73 and its 200 day moving average price is $0.72. They may also be used to help find support or resistance levels. Using the ADX with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) may help determine the direction of the trend as well as the overall momentum. A certain stock may be considered to be on an uptrend if trading above a moving average and the average is sloping upward. The moving average can be used as a reference point to help discover buying and selling opportunities. The 14-day ADX for Atlanta Gold Inc (ATG.V) is now at 13.33. Taking a glance at the relative strength indictor, we note that the 14-day RSI is now at 49.51, the 7-day stands at 47.36, and the 3-day is sitting at 45.04.

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