ELDORADO GOLD CORP (EGO) Stock Technical Analysis
NYSE:EGO - New York Stock Exchange, Inc. - CA2849021035 - Common Stock - Currency: USD
Overall EGO gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, EGO is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
EGO is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month EGO has a been trading in the 19.70 - 23.58 range, which is quite wide. It is currently trading near the high of this range.
EGO has an average volume of 1847950 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that EGO is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
EGO is part of the Metals & Mining industry. There are 156 other stocks in this industry, EGO did better than 51% of them.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although EGO has an excellent technical rating, it does not offer a high 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
14.74
22.83
We found 3 important support areas.
- A support zone ranging from 20.37 to 21.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 19.75 to 19.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @14.89 from a trend line in the weekly 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 | 84.67 | POSITIVE | EGO has a high relative strength, it outperformed 84.67% 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) | 63.32 | NEUTRAL | The RSI value for EGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests EGO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.79 | OVERBOUGHT | The high Stochastics value suggests EGO may be overbought. |
| Average True Range in percent/ATR (20) | 3.23 | MEDIUM VOLATILITY | The ATR as a percentage value for EGO suggests some volalility. |
| Average Directional Index/ADX (14) | 24.06 | NEUTRAL | The ADX value for EGO suggests a possible start of a new 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)
22.6
-0.48 (-2.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-2.08%
1 Week7.62%
2 Weeks9.18%
1 Month10.35%
3 Month14.9%
6 Month62.24%
12 Month39.77%
2 Year136.16%
3 Year309.42%
5 Year97.9%
10 Year50.67%
15 Year-76.89%
Volatility
ATR(14)0.77
ATR(20)%3.23%
ATR Inc5.83%
Range Today1.07
ADR(20)0.66
ADR(20)%2.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.67
Mansfield1.87
10 Day High23.58
10 Day Low20.17
20 Day High23.58
20 Day Low19.7
52 Week High23.58
52 Week Low13.29
CS1 End21.08
CR1 StartN/A
Volume & EV
DER(3)-1.41%
DER(5)-0.2%
Volume2.06M
Volume Incr33.26%
Vol(5)2.23M
Vol(50)1.85M