ELDORADO GOLD CORP (EGO) Stock Technical Analysis
USA - NYSE:EGO - CA2849021035 - Common Stock
28.47 USD
-0.38 (-1.32%)
27.97 USD
-0.5 (-1.76%)
Overall EGO gets a technical rating of 10 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.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, EGO did better than 91% of all other stocks. We also observe that the gains produced by EGO over the past year are nicely spread over this period.
EGO is currently making a new 52 week high. This is a strong signal. 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 24.36 - 29.58 range, which is quite wide. It is currently trading near the high of this range.
EGO has an average volume of 1935240 traded shares per day. 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 156 other stocks in this industry, EGO did better than 53% of them.
Volume is considerably higher in the last couple of days.
Although EGO has an excellent technical rating, the quality of the presented setup is not ideal 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
21.85
29.14
When analyzing the support we can see 4 important areas.
- A support zone ranging from 26.99 to 27.29. 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 25.08 to 25.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @23.07 from a trend line in the weekly time frame.
- Support @22.07 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 28.64 to 28.85. 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 | UP | POSITIVE | The short term trend for EGO is up. |
| ChartMill Relative Strength | 91.72 | POSITIVE | EGO has a high relative strength, it outperformed 91.72% 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) | 67.11 | NEUTRAL | The RSI value for EGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests EGO has a negative trend. |
| Stochastics (14,3) | 77.59 | NEUTRAL | The Stochastics value for EGO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.97 | MEDIUM VOLATILITY | The ATR as a percentage value for EGO suggests some volalility. |
| Average Directional Index/ADX (14) | 43.5 | 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)
28.47
-0.38 (-1.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-1.32%
1 Week-0.11%
2 Weeks0.85%
1 Month14.89%
3 Month37.07%
6 Month76.18%
12 Month64.66%
2 Year219.53%
3 Year372.14%
5 Year169.86%
10 Year76.83%
15 Year-69.21%
Volatility
ATR(14)0.86
ATR(20)%2.97%
ATR Inc13.1%
Range Today1.15
ADR(20)0.82
ADR(20)%2.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.72
Mansfield3.7
10 Day High29.58
10 Day Low26.48
20 Day High29.58
20 Day Low24.36
52 Week High29.58
52 Week Low13.29
CS1 End27.29
CR1 Start28.64
Volume & EV
DER(3)2.02%
DER(5)0.72%
Volume3.12M
Volume Incr43.66%
Vol(5)2.82M
Vol(50)1.94M