Gold Resource Stock Pattern Recognition Matching Low

GORO Stock  USD 0.17  0.02  13.33%   
Gold Resource pattern recognition tool provides the execution environment for running the Matching Low recognition and other technical functions against Gold Resource. Gold Resource value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of pattern recognition indicators. As with most other technical indicators, the Matching Low recognition function is designed to identify and follow existing trends. Gold Resource momentum indicators are usually used to generate trading rules based on assumptions that Gold Resource trends in prices tend to continue for long periods.

Recognition
The output start index for this execution was six with a total number of output elements of fifty-five. The function generated a total of one valid pattern recognition events for the selected time horizon. The Matching Low pattern shows low bullish reversal trend for Gold Resource.

Gold Resource Technical Analysis Modules

Most technical analysis of Gold Resource help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Gold from various momentum indicators to cycle indicators. When you analyze Gold charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Gold Resource Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Gold Resource. We use our internally-developed statistical techniques to arrive at the intrinsic value of Gold Resource based on widely used predictive technical indicators. In general, we focus on analyzing Gold Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Gold Resource's daily price indicators and compare them against related drivers, such as pattern recognition and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Gold Resource's intrinsic value. In addition to deriving basic predictive indicators for Gold Resource, we also check how macroeconomic factors affect Gold Resource price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
 2021 2023 2024 (projected)
Dividend Yield0.02870.03010.0318
Price To Sales Ratio0.940.340.32
Hype
Prediction
LowEstimatedHigh
0.010.1610.58
Details
Intrinsic
Valuation
LowRealHigh
0.040.7811.20
Details
Naive
Forecast
LowNextHigh
00.2210.65
Details
2 Analysts
Consensus
LowTargetHigh
2.392.632.92
Details

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When determining whether Gold Resource offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Gold Resource's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Gold Resource Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Gold Resource Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gold Resource. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
To learn how to invest in Gold Stock, please use our How to Invest in Gold Resource guide.
You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Gold Resource. If investors know Gold will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Gold Resource listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.742
Earnings Share
(0.49)
Revenue Per Share
0.817
Quarterly Revenue Growth
(0.35)
Return On Assets
(0.09)
The market value of Gold Resource is measured differently than its book value, which is the value of Gold that is recorded on the company's balance sheet. Investors also form their own opinion of Gold Resource's value that differs from its market value or its book value, called intrinsic value, which is Gold Resource's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Gold Resource's market value can be influenced by many factors that don't directly affect Gold Resource's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Gold Resource's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gold Resource is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gold Resource's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.