ELDORADO GOLD CORP (EGO) Technical Analysis
NYSE:EGO • CA2849021035
Current stock price
EGO Technical Rating and Analysis
Taking everything into account, EGO scores 1 out of 10 in our technical rating. EGO has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- In the last month EGO has a been trading in the 30.94 - 38.15 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.
- EGO has an average volume of 2949920 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- Looking at the yearly performance, EGO did better than 74% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- EGO is an average performer in the Metals & Mining industry, it outperforms 41% of 163 stocks in the same industry.
- 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.
EGO Weekly and Daily overview Charts
EGO Setup Rating and Analysis
The technical rating of EGO is bad and it also does not present a 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
EGO Support and Resistance Analysis
31.09
When analyzing the support we notice one important area.
- A support zone ranging from 31.40 to 31.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 33.74 to 34.44. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
EGO Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for EGO is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EGO is down. |
| ChartMill Relative Strength | 74.14 | POSITIVE | EGO has a high relative strength, it outperformed 74.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EGO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EGO is below a declining 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) | 36.95 | NEUTRAL | The RSI value for EGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests EGO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.46 | OVERSOLD | The low Stochastics value suggests EGO may be oversold. |
| Average True Range in percent/ATR (20) | 5.36 | HIGH VOLATILITY | The high ATR as a percentage value for EGO suggests high volalility. |
| Average Directional Index/ADX (14) | 24.09 | NEUTRAL | The ADX value for EGO suggests a possible start of a new trend. |
EGO Chart- and CandleStick Pattern Analysis
EGO Technicals: Chart, Performance Metrics, Trend & Indicators
32.07
+0.41 (+1.3%)
ELDORADO GOLD CORP / EGO TA FAQ
What is the technical rating for EGO stock?
ChartMill assigns a technical rating of 1 / 10 to EGO.
Can you provide the trend direction for ELDORADO GOLD CORP?
The current trend direction for ELDORADO GOLD CORP (EGO) is Bearish.
What is the RSI signal for EGO stock?
ELDORADO GOLD CORP (EGO) has an RSI value of 36.9483. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ELDORADO GOLD CORP?
The short term momentum for ELDORADO GOLD CORP (EGO) is negative.
What is the support and resistance level for EGO stock?
ELDORADO GOLD CORP (EGO) has a support level at 31.4 and a resistance level at 33.74. Check the full technical report for our detailed analysis of EGO support and resistance levels.