ELDORADO GOLD CORP (EGO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:EGO - CA2849021035 - Common Stock
34.34 USD
-0.32 (-0.92%)
34.34 USD
0 (0%)
Overall EGO gets a technical rating of 10 out of 10. 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.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that EGO is one of the better performing stocks in the market, outperforming 95% of all stocks. On top of that, EGO also shows a nice and consistent pattern of rising prices.
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 26.59 - 36.00 range, which is quite wide. It is currently trading near the high of this range.
EGO has an average volume of 2015010 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
EGO is an average performer in the Metals & Mining industry, it outperforms 60% of 156 stocks in the same industry.
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
26.13
34.68
When analyzing the support we can see 5 important areas.
- A support zone ranging from 30.68 to 30.74. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 29.32 to 29.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 28.39 to 28.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @26.84 from a trend line in the daily time frame.
- Support @26.39 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 | 95.61 | POSITIVE | EGO has a high relative strength, it outperformed 95.61% 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) | 71.05 | OVERBOUGHT | The high RSI value suggests EGO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.41 | POSITIVE | The MACD value suggests EGO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.44 | OVERBOUGHT | The high Stochastics value suggests EGO may be overbought. |
| Average True Range in percent/ATR (20) | 3.81 | MEDIUM VOLATILITY | The ATR as a percentage value for EGO suggests some volalility. |
| Average Directional Index/ADX (14) | 27.85 | POSITIVE | The high ADX value value for EGO suggests a strong 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)
34.34
-0.32 (-0.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.92%
1 Week11.24%
2 Weeks9.82%
1 Month23.04%
3 Month23.04%
6 Month64.86%
12 Month126.07%
2 Year164.77%
3 Year310.77%
5 Year158.78%
10 Year131.25%
15 Year-63.02%
Volatility
ATR(14)1.33
ATR(20)%3.81%
ATR Inc31.42%
Range Today1.32
ADR(20)1.28
ADR(20)%3.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.61
3 months CRS91.91
6 months CRS93.18
Mansfield4.59
10 Day High36
10 Day Low30.01
20 Day High36
20 Day Low26.59
52 Week High36
52 Week Low13.29
CS1 End30.74
CR1 StartN/A
Volume & EV
DER(3)-0.61%
DER(5)-0.23%
Volume1.96M
Volume Incr68.31%
Vol(5)2.44M
Vol(50)2.02M
ELDORADO GOLD CORP / EGO FAQ
What is the technical rating for EGO stock?
ChartMill assigns a technical rating of 10 / 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 71.0532. This indicates that the stock is currently overbought.
What is the MACD signal for ELDORADO GOLD CORP (EGO) stock?
The MACD indicator for ELDORADO GOLD CORP (EGO) has a value of 0.410227, 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 positive.