Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Stocks

An Enticing Gold Mining Stock with a Strong SCTR Score

by January 30, 2025
January 30, 2025
An Enticing Gold Mining Stock with a Strong SCTR Score

Gold stocks have risen, even after the Federal Reserve decided to keep interest rates unchanged. So it wasn’t surprising to find a few gold mining stocks filtered in my StockCharts Technical Rank (SCTR) scan. (This scan was created using StockCharts’ Advanced Scan Workbench and can be found at the end of the article for reference.)

I selected Alamos Gold, Inc. (AGI), a gold mining stock in the materials sector for further analysis. Gold mining stocks have been rising, as have gold prices, and, with AGI trading at around $21, the stock is worth considering as an addition to a portfolio. 

A Deep Dive Into Alamos Gold

AGI has had an interesting run since late 2022, after it broke out of a shallow downward-sloping sideways range. The stock rode higher, moved sideways for almost a year, and then continued its upward trend. It pulled back again from late October 2024 to January 2025; it is now trading above its 21-week exponential moving average (EMA) and challenging its all-time highs.

FIGURE 1. WEEKLY CHART OF GOLD MINING STOCK ALAMOS. The stock has been trending higher since early 2024 and is now battling with its all-time highs.Chart source: StockCharts.com. For educational purposes.

When a stock reaches its all-time high, that could be an incentive to go even higher. But there needs to be momentum. There are a handful of momentum indicators you could use, such as the relative strength index (RSI), moving average convergence/divergence (MACD), and average directional index (ADX).

Let’s look at the daily chart of AGI to identify potential entry points.

FIGURE 2. DAILY CHART OF ALAMOS GOLD. The SCTR score is 82.50, the price is very close to its 52-week high (in this case, an all-time high), and RSI is almost 70. The stock is also trading well above its 15-day EMA.Chart source: StockChartsACP. For educational purposes.

The Distance to 52-Week Highs indicator in the lower panel shows AGI is close to its 52-week high. The SCTR score is above 80, volume is picking up, the stock is trading above its 15-day EMA, and the RSI has been trending higher, just shy of 70. All indicators point to AGI retaining its bullish move.

AGI failed to close at a new all-time high on Thursday. It’s worth monitoring the stock’s momentum to see if it can close at a new high and push through it. If not, consider catching it on a pullback and trying to ride the wave up. It could be a golden opportunity.

However, as we know too well, things can change. If the dynamics of AGI start shifting — i.e. the SCTR score falls, the stock price moves closer to its 15-day EMA, or the RSI reverses and approaches the 50 line — then it may be time to exit the stock.

As always, if any of the indicators start reversing, which would suggest that the stock’s strength is declining, you may be better off moving on to find more promising investments.

The SCTR Scan

[country is US] and [sma(20,volume) > 100000] and [[SCTR.us.etf x 76] or [SCTR.large x 76] or [SCTR.us.etf x 78] or [SCTR.large x 78] or [SCTR.us.etf x 80] or [SCTR.large x 80]]

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

0
FacebookTwitterGoogle +Pinterest
previous post
Indoctrination, Choice, and the Constitution: Trump’s Education EOs
next post
Kash Patel turns tables on Dem senator with viral response: ‘You’ve got two minutes’

You may also like

The Ord Oracle September 18, 2023

September 19, 2023

BEER Stocks: Own What You Know

May 11, 2023

Are Semiconductors Ready for a Pullback?

March 30, 2023

Analyzing Alphabet’s Surge — Here’s How to Get...

April 26, 2024

Post-Fed Rally Ignites Flurry of New Highs

March 22, 2024

Spot The Warning Signs of Bankruptcy!

March 15, 2024

Today’s Price Action Could Be the Start of...

August 19, 2023

Market Pops, Then Drops on Fed Day

May 1, 2024

Equities Stay Strong as Technology Returns to Out-Performance

October 14, 2024

Breadth Overbought Near-Term

July 14, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • 4 Best Assignment Writing Services Reviewed by University Students

      May 24, 2025
    • DAVID MARCUS: Tax-free overtime could be midterm magic for GOP

      May 24, 2025
    • SCOOP: House Republicans request ban on federally funded ‘transgender animal’ experiments in 2026 budget

      May 24, 2025
    • WATCH: GOP senators rail against staggering $4.7 trillion in untraceable Treasury payments

      May 24, 2025
    • Trump unleashes US nuclear renaissance with bold executive orders

      May 24, 2025
    • Week Ahead: NIFTY Stays In Technically Challanging Situation; Sector Rotation Shows Likely Change In Leadership

      May 24, 2025

    Categories

    • Business (8,038)
    • Investing (1,986)
    • Politics (15,366)
    • Stocks (3,106)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved