ELDORADO GOLD CORP (EGO)

CA2849021035 - Common Stock

9.68  +0.01 (+0.1%)

After market: 9.68 0 (0%)

Technical Rating

2

Overall EGO gets a technical rating of 2 out of 10. In the last year, EGO was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.



EGO is one of the better performing stocks in the Metals & Mining industry, it outperforms 80% of 951 stocks in the same industry.
EGO has an average volume of 1732980 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
Looking at the yearly performance, EGO did better than 82% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
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.
In the last month EGO has a been trading in the 9.26 - 12.07 range, which is quite wide. It is currently trading near the lows of this range.

Statistics

1 Month 3 Months 6 Months 12 Months -19.27% 6.14% 18.19% 16.21% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 82.98 5.06 - 12.11
EGO Weekly chart
EGO Daily chart

Support/Resistance Analysis


9.08

12.32
When analyzing the support we can see 2 important areas.
  • A support zone ranging from 9.42 to 9.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @9.17 from a trend line in the daily time frame.
We found 1 important resistance area.
  • Resistance @12.20 from a horizontal line in the weekly time frame.

Setup Analysis

Setup Rating

5

EGO has a poor technical rating and the quality of the setup is also only medium 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

NYSE:EGO (6/5/2023, 7:04:00 PM)

After market: 9.68 0 (0%)

9.68

+0.01 (+0.1%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.1%
1 Week-5%
2 Weeks-7.01%
1 Month-19.27%
3 Month6.14%
6 Month18.19%
12 Month16.21%
Volatility
ATR(14)0.38
ATR(20)%3.71%
ATR Inc-17.31%
Range Today0.2
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.98
Mansfield1.2
10 Day High10.47
10 Day Low9.26
20 Day High12.07
20 Day Low9.26
52 Week High12.11
52 Week Low5.06
CS1 End9.66
CR1 Start12.2
Volume & EV
DER(3)4.64%
DER(5)3.94%
Volume762.90K
Volume Incr38.2%
Vol(5)2.30M
Vol(50)1.73M
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