Free Goldshore Resources Inc. (GSHR) Technical Analysis Signals

Overal Signal
Buy
Signals
Neutral Buy Buy Neutral
Last Update / Period
16 May / Daily
Category/Currency
Stocks/USD
Exchange/Country
XVAN/Canada

Goldshore Resources Inc. (GSHR) signal with technical analysis on 16 May

On 16 May, we conducted a comprehensive technical analysis of Goldshore Resources Inc. (GSHR), considering 256 signals with intricate details. Here are the key findings: 86 signals suggested buy strategies, while 48 indicated sell strategies. The remaining 122 signals remained neutral without offering a specific direction.
The 256 signals were categorized into four distinct strategies, each consisting of 64 signals. Let's dive into the details of each strategy:

Strategy 1:
Buy Signals: 21
Sell Signals: 13
Neutral Signals: 30
Result: This strategy leads to a Neutral position.

Strategy 2:
Buy Signals: 25
Sell Signals: 9
Neutral Signals: 30
Result: This strategy leads to a Buy position.

Strategy 3:
Buy Signals: 24
Sell Signals: 10
Neutral Signals: 30
Result: This strategy leads to a Buy position.

Strategy 4:
Buy Signals: 16
Sell Signals: 16
Neutral Signals: 32
Result: This strategy leads to a Neutral position.

Overall Strategy:
Buy Signals: 86
Sell Signals: 48
Neutral Signals: 122
Result: This strategy leads to a Buy position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are based solely on daily price changes and do not take into account external factors such as news, market sentiment, or company developments. We strongly recommend considering all relevant factors and conducting your own research.

Useful Tips: To make the most informed decisions about your Goldshore Resources Inc. (GSHR) investments, we highly recommend visiting the "magicalprediction" AI models signals website. They provide free signals, and if one aligns with ours, it is likely to be a reliable indicator, as we have observed over time.


Result: Looking at the technical analysis for Goldshore Resources Inc. (GSHR) on , there seems to be a tendency toward a buy signal based on historical data and analysis. However, it's important to remember that these signals are not guarantees, and any investment decision should be made carefully. Consider the overall market conditions and how your choices align with your specific investment goals.


Based on the above signals, we recommend the following strategies:

Goldshore Resources Inc. (GSHR) trading strategy for those in buy positions (long positions): If you are currently in a buy (long) position, holding your position may be a good strategy according to our signals. However, always exercise caution and monitor market developments closely.

Goldshore Resources Inc. (GSHR) trading strategy for those in sell positions (short positions): If you are currently in a sell (short) position, it is recommended to choose the optimal time to exit based on our signal combination. If you have a higher risk tolerance, consider waiting for market movements in the coming days.

For new positions: If you are not currently in the market or are considering switching to a buy (long) position, it’s advisable to consider the projected price range. This range represents a potential upside of 11.11%, determined by the highest predicted price. However, before deciding to enter a buy position, be cautious and conduct thorough research to ensure it aligns with your risk tolerance and investment goals.

In all your trading endeavors, implementing a well-defined stop-loss strategy is crucial for managing potential downside risks effectively.

Useful Tip 2: For those interested in long-term forecasting, we suggest utilizing the "predict-price" website, which offers both short-term and long-term predictions for free. This can help you make more informed decisions regarding your **Goldshore Resources Inc. (GSHR)** holdings.

Goldshore Resources Inc. (GSHR) Price Analysis and Resistance Levels:

Given our current long position in Goldshore Resources Inc. (GSHR), analyzing key resistance levels is crucial to better understand its price movement. These levels are important benchmarks for our strategy, and we will explore multiple scenarios to provide a comprehensive outlook.

First resistance level (0.35): The primary hurdle we face is the 0.35 price level. If the current trend remains unchanged, Goldshore Resources Inc. (GSHR) could break above this level, signaling its strength and potential for further growth.

Second resistance level (0.375): If the upward trend continues with significant strength, we may see Goldshore Resources Inc. (GSHR) cross the second resistance level at 0.375, indicating a major upside move and a promising direction for our position.

Third resistance level (0.395): For a more comprehensive analysis, consider a scenario where Goldshore Resources Inc. (GSHR) not only breaks the second resistance level but holds its price above this mark. If this trend continues in the coming days, Goldshore Resources Inc. (GSHR) could potentially reach the third resistance level of 0.395.
It's essential to closely monitor these resistance levels and consider them in the broader context of market trends and indicators. To make informed decisions when trading Goldshore Resources Inc. (GSHR), stay alert and continually analyze the market. By focusing on these resistance levels and considering broader market dynamics, you can make smarter trading decisions and adapt to this dynamic market.

Goldshore Resources Inc. (GSHR) technical analysis chart

Goldshore Resources Inc. (GSHR) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance 0.35 0.375 0.395 -- --
Support 0.32 0.31 0.3 0.26 0.23
 Goldshore Resources Inc. (GSHR) Support and Resistance area (16 May)  Goldshore Resources Inc. (GSHR) Support and Resistance area (16 May)

Goldshore Resources Inc. (GSHR) signals list for 16 May

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

Goldshore Resources Inc. (GSHR) candlestick patterns on 16 May

Today's Goldshore Resources Inc. (GSHR) Candle Patterns List:

Goldshore Resources Inc. (GSHR) technical analysis over the past days

# Date Overal Signals ALL Signals
1 15 May Buy NeutralHoldBuyNeutral
2 14 May Buy HoldHoldNeutralBuy
3 13 May Buy BuyBuyBuyNeutral
4 12 May Sell NeutralNeutralSellSell
5 09 May Neutral HoldBuyNeutralNeutral
6 08 May Neutral HoldSellNeutralNeutral
7 07 May Neutral HoldNeutralNeutralNeutral
8 06 May Buy BuyBuyNeutralNeutral
9 05 May Hold HoldHoldHoldHold
10 02 May Sell HoldHoldHoldSell
11 01 May Sell HoldHoldSellNeutral
12 30 Apr Hold HoldHoldNeutralNeutral
13 29 Apr Hold HoldHoldNeutralNeutral
14 28 Apr Sell HoldHoldNeutralNeutral
15 25 Apr Hold HoldSellNeutralHold
16 24 Apr Hold HoldNeutralNeutralHold
17 23 Apr Hold HoldNeutralNeutralHold
18 22 Apr Sell SellNeutralHoldHold
19 21 Apr Hold NeutralHoldHoldHold
20 17 Apr Sell SellHoldHoldHold
21 16 Apr Buy BuyHoldHoldHold
22 15 Apr Hold NeutralHoldHoldHold
23 14 Apr Hold HoldHoldHoldHold
24 11 Apr Hold HoldHoldHoldHold
25 10 Apr Buy HoldHoldBuyBuy
26 09 Apr Buy BuyBuyNeutralNeutral
27 08 Apr Hold HoldHoldHoldNeutral
28 07 Apr Hold HoldHoldHoldHold
29 04 Apr Sell HoldHoldSellSell
30 03 Apr Sell SellSellNeutralNeutral

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