ELDORADO GOLD CORP (EGO) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:EGO • CA2849021035
We assign a technical rating of 10 out of 10 to EGO. 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.
- In the last month EGO has a been trading in the 36.11 - 51.16 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- 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 97% of all stocks. We also observe that the gains produced by EGO over the past year are nicely spread over this period.
- EGO is one of the better performing stocks in the Metals & Mining industry, it outperforms 77% of 157 stocks in the same industry.
- EGO has an average volume of 2059040 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- EGO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so EGO is lagging the market.
Although EGO has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
27.97
3 important support areas can be observed.
- Support @31.14 from a trend line in the weekly time frame.
- Support @29.16 from a trend line in the daily time frame.
- A support zone ranging from 28.25 to 28.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @39.11 from a horizontal line in the daily time frame.
- A resistance zone ranging from 39.74 to 39.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 97.82 | POSITIVE | EGO has a high relative strength, it outperformed 97.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of EGO is below 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) | 46.05 | NEUTRAL | The RSI value for EGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.97 | NEGATIVE | The MACD value suggests EGO has a negative trend. |
| Stochastics (14,3) | 21.05 | NEUTRAL | The Stochastics value for EGO is a neutral value. |
| Average True Range in percent/ATR (20) | 6.48 | HIGH VOLATILITY | The high ATR as a percentage value for EGO suggests high volalility. |
| Average Directional Index/ADX (14) | 35.13 | POSITIVE | The high ADX value value for EGO suggests a strong trend. |
NYSE:EGO (2/5/2026, 3:25:02 PM)
37.23
-2.52 (-6.34%)
ELDORADO GOLD CORP / EGO FAQ
What is the technical rating for EGO stock?
ChartMill assigns a technical rating of 10 / 10 to EGO.
Can you provide the trend direction for ELDORADO GOLD CORP?
The current trend direction for ELDORADO GOLD CORP (EGO) is Bullish.
What is the RSI signal for ELDORADO GOLD CORP (EGO) stock?
ELDORADO GOLD CORP (EGO) has an RSI value of 46.0504. This indicates that the stock is currently neutral.
What is the MACD signal for EGO stock?
The MACD indicator for ELDORADO GOLD CORP (EGO) has a value of -0.969568, indicating a bearish trend.