ELDORADO GOLD CORP (EGO) Stock Technical Analysis
NYSE:EGO - New York Stock Exchange, Inc. - CA2849021035 - Common Stock - Currency: USD
Taking everything into account, EGO scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, EGO has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
EGO is one of the better performing stocks in the Metals & Mining industry, it outperforms 75% of 154 stocks in the same industry.
EGO is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so EGO is performing more or less in line with the market.
In the last month EGO has a been trading in the 17.18 - 20.44 range, which is quite wide. It is currently trading near the high of this range.
EGO has an average volume of 2311200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, EGO did better than 94% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
EGO has an excellent technical rating, but the quality of the setup is only medium 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
14.07
20.60
When analyzing the support we can see 3 important areas.
- A support zone ranging from 17.81 to 18.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @17.40 from a horizontal line in the daily time frame.
- Support @14.21 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 19.82 to 20.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @20.40 from a horizontal line in the daily time frame.
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 | UP | POSITIVE | The long term trend for EGO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EGO is up. |
| ChartMill Relative Strength | 94.14 | POSITIVE | EGO has a high relative strength, it outperformed 94.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EGO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EGO is above the rising 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) | 58.98 | NEUTRAL | The RSI value for EGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests EGO has a positive trend. |
| Stochastics (14,3) | 76.79 | NEUTRAL | The Stochastics value for EGO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.68 | MEDIUM VOLATILITY | The ATR as a percentage value for EGO suggests some volalility. |
| Average Directional Index/ADX (14) | 18.09 | NEGATIVE | The low ADX value for EGO suggests a weak or negative 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)
19.81
+0.37 (+1.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.9%
1 Week10.98%
2 Weeks0.71%
1 Month3.88%
3 Month47.73%
6 Month19.63%
12 Month27.07%
2 Year110.07%
3 Year146.7%
5 Year135.83%
10 Year-17.97%
15 Year-76.63%
Volatility
ATR(14)0.75
ATR(20)%3.68%
ATR Inc-26.16%
Range Today0.62
ADR(20)0.6
ADR(20)%3.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.14
Mansfield1.84
10 Day High19.99
10 Day Low17.18
20 Day High20.44
20 Day Low17.18
52 Week High20.65
52 Week Low13.29
CS1 End18.02
CR1 Start19.82
Volume & EV
DER(3)-2.18%
DER(5)-1.12%
Volume2.09M
Volume Incr-24.92%
Vol(5)1.71M
Vol(50)2.31M