ENTHUSIAST GAMING HOLDINGS I (EGLX.CA) Stock Technical Analysis
TSX:EGLX - Toronto Stock Exchange - CA29385B1094 - Common Stock - Currency: CAD
Taking everything into account, EGLX scores 0 out of 10 in our technical rating. EGLX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
98% of all other stocks performed better in the past year than EGLX.
EGLX is part of the Interactive Media & Services industry. There are 12 other stocks in this industry, of which 81% are performing better than EGLX.
EGLX is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so EGLX is lagging the market.
In the last month EGLX has a been trading in the 0.06 - 0.09 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The technical rating of EGLX is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
0.05
0.07
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 0.06 to 0.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.07 to 0.07. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for EGLX.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EGLX.CA is down. |
| ChartMill Relative Strength | 2.22 | NEGATIVE | EGLX.CA has a low relative strength, it was outperformed by 97.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EGLX.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EGLX.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EGLX.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41 | NEUTRAL | The RSI value for EGLX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests EGLX.CA has a negative trend. |
| Stochastics (14,3) | 5.56 | OVERSOLD | The low Stochastics value suggests EGLX.CA may be oversold. |
| Average True Range in percent/ATR (20) | 16.82 | HIGH VOLATILITY | The high ATR as a percentage value for EGLX.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 25.37 | 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 (5/30/2025, 7:00:00 PM)
0.055
0 (-8.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg-8.33%
1 Week-15.38%
2 Weeks-31.25%
1 Month-8.33%
3 Month-56%
6 Month-63.33%
12 Month-59.26%
2 Year-90.35%
3 Year-98.2%
5 Year-96.52%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.01
ATR(20)%16.82%
ATR Inc-39.13%
Range Today0
ADR(20)0.01
ADR(20)%13.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.22
Mansfield-5.68
10 Day High0.08
10 Day Low0.06
20 Day High0.09
20 Day Low0.06
52 Week High0.18
52 Week Low0.05
CS1 EndN/A
CR1 Start0.06
Volume & EV
DER(3)61.13%
DER(5)122.76%
Volume293.62K
Volume Incr4.25%
Vol(5)124.12K
Vol(50)144.12K