Eldorado Gold Corp Ltd (EGO)       6.93  -0.23 (-3.21%)

6.93  -0.23 (-3.21%)

CA2849021035 - Common Stock

Technical Rating

We assign a technical rating of 0 out of 10 to EGO. EGO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.



EGO has an average volume of 2110360. This is a good sign as it is always nice to have a liquid stock.
EGO is part of the Metals & Mining industry. There are 984 other stocks in this industry, EGO did better than 42% of them.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, EGO is a bad performer in the overall market: 78% of all stocks are doing better.
EGO is currently trading near the lower end of its 52 week range, which is not a good sign. But, the S&P500 Index is also trading in the lower part of its yearly range, so EGO is not an exception.
In the last month EGO has a been trading in the 6.78 - 8.65 range, which is quite wide. It is currently trading near the lows of this range.

Statistics

1 Month 3 Months 6 Months 12 Months -12.68% -37.79% -23.42% -29.25% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 22.78 6.78 - 12.4851
EGO Weekly chart
EGO Daily chart

Support/Resistance Analysis


6.86

12.00
We can see 3 important resistance areas.
  • A resistance zone ranging from 7.10 to 7.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 8.52 to 8.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 11.88 to 11.88. This zone is formed by a combination of multiple trend lines in the weekly time frame.

Setup Analysis

Setup Rating

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.


EGO Daily chart

Eldorado Gold Corp Ltd6.93

NYSE:EGO (6/28/2022, 12:47:52 PM)-0.23 (-3.21%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Materials
GICS Industry Metals & Mining
Performance
Today -3.21% 1 Week -2.32%
2 Weeks -14.05% 1 Month -12.68%
3 Month -37.79% 6 Month -23.42%
Volatility
ATR(14) 0.38 ATR(20)% 5.12%
ATR Inc -30.5% Range Today 0.34
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 22.78 Mansfield -1.35
10 Day High 8.11 10 Day Low 6.78
20 Day High 8.65 20 Day Low 6.78
52 Week High 12.49 52 Week Low 6.78
CS1 End N/A CR1 Start 7.17
Volume & EV
DER(3) 3.19% DER(5) 0.11%
Volume 860.91K Volume Incr -28.13%
Vol(5) 1.46M Vol(50) 2.11M

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