ELDORADO GOLD CORP (EGO)
CA2849021035 - Common Stock
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 short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that EGO is one of the better performing stocks in the market, outperforming 88% of all stocks.
EGO is part of the Metals & Mining industry. There are 155 other stocks in this industry. EGO outperforms 81% of them.
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 13.88 - 16.01 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
EGO has an average volume of 1893250 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, EGO also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. We notice that large players showed an interest for EGO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
8.63
14.93
We found 6 important support areas.
- Support @14.30 from a horizontal line in the daily time frame.
- Support @11.31 from a trend line in the weekly time frame.
- A support zone ranging from 10.82 to 10.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.29 from a horizontal line in the daily time frame.
- Support @9.88 from a horizontal line in the daily time frame.
- Support @8.72 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.62
Mansfield2
10 Day High16.01
10 Day Low14.08
20 Day High16.01
20 Day Low13.88
52 Week High16.01
52 Week Low8.3
Performance
1 Week-0.81%
2 Weeks-5.26%
1 Month5.8%
3 Month21.15%
6 Month37.11%
12 Month33.76%
2 Year52.06%
3 Year49.75%
5 Year255.29%
10 Year-51.54%
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.18
RSI(14)56.78
LBB14.19
UBB15.77
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 14.82 | 14.29 | 0.53 (3.56%) | 25.00% |
| An entry @14.82. This is a Buy Stop order right above the 10 day moving average. | An exit @14.29. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.53 points, which is 3.56%. | For a 0.89% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of EGO. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
ELDORADO GOLD CORP
NYSE:EGO (4/25/2024, 4:05:00 PM)
After market: 14.4376 -0.34 (-2.32%)14.78
+0.44 (+3.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg3.07%
1 Week-0.81%
2 Weeks-5.26%
1 Month5.8%
3 Month21.15%
6 Month37.11%
12 Month33.76%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.56
ATR(20)%3.56%
ATR Inc
Range Today0.61
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High16.01
10 Day Low14.08
20 Day High16.01
20 Day Low13.88
52 Week High16.01
52 Week Low8.3
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.60M
Volume Incr-22.18%
Vol(5)1.53M
Vol(50)1.89M