ELDORADO GOLD CORP (EGO) Stock Technical Analysis
USA - NYSE:EGO - CA2849021035 - Common Stock
Taking everything into account, EGO scores 9 out of 10 in our technical rating. In the last year, EGO was one of the better performers, but we do observe some doubts in the very recent evolution.
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.
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15.32
When analyzing the support we can see 3 important areas.
- Support @25.64 from a horizontal line in the weekly time frame.
- A support zone ranging from 24.88 to 25.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.47 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 | NEUTRAL | NEUTRAL | The short term trend for EGO is neutral. |
| ChartMill Relative Strength | 93.31 | POSITIVE | EGO has a high relative strength, it outperformed 93.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of EGO is above a declining 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) | 54.73 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 82.22 | OVERBOUGHT | The high Stochastics value suggests EGO may be overbought. |
| Average True Range in percent/ATR (20) | 4.29 | MEDIUM VOLATILITY | The ATR as a percentage value for EGO suggests some volalility. |
| Average Directional Index/ADX (14) | 18.55 | NEGATIVE | The low ADX value for EGO suggests a weak or negative trend. |
27.91
-0.28 (-0.99%)
ELDORADO GOLD CORP / EGO FAQ
What is the technical rating for EGO stock?
ChartMill assigns a technical rating of 9 / 10 to EGO.
What is the current trend direction of ELDORADO GOLD CORP (EGO) stock?
The current trend direction for ELDORADO GOLD CORP (EGO) is Bullish.
Can you provide the RSI signal for ELDORADO GOLD CORP?
ELDORADO GOLD CORP (EGO) has an RSI value of 54.7332. This indicates that the stock is currently neutral.
What is the MACD signal for ELDORADO GOLD CORP (EGO) stock?
The MACD indicator for ELDORADO GOLD CORP (EGO) has a value of 0.302245, indicating a bearish trend.
What is the short term momentum for ELDORADO GOLD CORP (EGO) stock?
The short term momentum for ELDORADO GOLD CORP (EGO) is neutral.