ELDORADO GOLD CORP (EGO) Technical Analysis
NYSE:EGO • CA2849021035
Current stock price
EGO Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to EGO. Although EGO is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Looking at the yearly performance, EGO did better than 91% of all other stocks. We also observe that the gains produced by EGO over the past year are nicely spread over this period.
- EGO has an average volume of 2923390 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- EGO is an average performer in the Metals & Mining industry, it outperforms 58% of 158 stocks in the same industry.
- EGO is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so EGO is lagging the market slightly.
- In the last month EGO has a been trading in the 30.40 - 42.94 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
EGO Weekly and Daily overview Charts
EGO Setup Rating and Analysis
EGO has an average technical rating and the quality of the presented setup is also not ideal 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
EGO Support and Resistance Analysis
30.61
When analyzing the support we notice one important area.
- A support zone ranging from 30.92 to 31.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 35.82 to 36.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @43.47 from a trend line in the daily time frame.
EGO Technical Indicator Signal Analysis
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 EGO is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EGO is down. |
| ChartMill Relative Strength | 91.44 | POSITIVE | EGO has a high relative strength, it outperformed 91.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EGO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EGO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EGO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.61 | NEUTRAL | The RSI value for EGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests EGO has a positive trend. |
| Stochastics (14,3) | 58.84 | NEUTRAL | The Stochastics value for EGO is a neutral value. |
| Average True Range in percent/ATR (20) | 6.11 | HIGH VOLATILITY | The high ATR as a percentage value for EGO suggests high volalility. |
| Average Directional Index/ADX (14) | 27.93 | POSITIVE | The high ADX value value for EGO suggests a strong trend. |
EGO Chart- and CandleStick Pattern Analysis
EGO Technicals: Chart, Performance Metrics, Trend & Indicators
35.81
-0.32 (-0.89%)
ELDORADO GOLD CORP / EGO TA FAQ
What is the technical rating for EGO stock?
ChartMill assigns a technical rating of 4 / 10 to EGO.
Can you provide the trend direction for ELDORADO GOLD CORP?
The current trend direction for ELDORADO GOLD CORP (EGO) is Bearish.
What is the RSI signal for EGO stock?
ELDORADO GOLD CORP (EGO) has an RSI value of 46.6148. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ELDORADO GOLD CORP?
The short term momentum for ELDORADO GOLD CORP (EGO) is negative.
What is the support and resistance level for EGO stock?
ELDORADO GOLD CORP (EGO) has a support level at 31.88 and a resistance level at 35.82. Check the full technical report for our detailed analysis of EGO support and resistance levels.