ENTHUSIAST GAMING HOLDINGS I (EGLX.CA) Stock Technical Analysis
TSX:EGLX - Toronto Stock Exchange - CA29385B1094 - Common Stock - Currency: CAD
We assign a technical rating of 7 out of 10 to EGLX. In the past year, EGLX was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
EGLX is part of the Interactive Media & Services industry. There are 11 other stocks in this industry. EGLX outperforms 100% of them.
In the last month EGLX has a been trading in the 0.05 - 0.14 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Looking at the yearly performance, EGLX did better than 89% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
EGLX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so EGLX is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although EGLX has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.05
0.12
When analyzing the support we notice one important area.
- A support zone ranging from 0.05 to 0.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for EGLX.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EGLX.CA is up. |
| ChartMill Relative Strength | 89.52 | POSITIVE | EGLX.CA has a high relative strength, it outperformed 89.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EGLX.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EGLX.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of EGLX.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 86.4 | OVERBOUGHT | The high RSI value suggests EGLX.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests EGLX.CA has a positive trend. |
| Stochastics (14,3) | 72.55 | NEUTRAL | The Stochastics value for EGLX.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.67 | HIGH VOLATILITY | The high ATR as a percentage value for EGLX.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 35.84 | POSITIVE | The high ADX value value for EGLX.CA suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
TSX:EGLX (7/14/2025, 7:00:00 PM)
0.12
+0 (+4.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg4.35%
1 Week118.18%
2 Weeks140%
1 Month140%
3 Month140%
6 Month-7.69%
12 Month-25%
2 Year-85.19%
3 Year-94.29%
5 Year-92.41%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.01
ATR(20)%6.67%
ATR Inc34.62%
Range Today0.01
ADR(20)0.01
ADR(20)%6.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.52
Mansfield-0.35
10 Day High0.14
10 Day Low0.05
20 Day High0.14
20 Day Low0.05
52 Week High0.18
52 Week Low0.05
CS1 End0.05
CR1 StartN/A
Volume & EV
DER(3)0%
DER(5)0%
Volume222.59K
Volume Incr1253.66%
Vol(5)862.39K
Vol(50)180.77K