ELDORADO GOLD CORP (ELD.CA) Stock Technical Analysis
TSX:ELD - Toronto Stock Exchange - CA2849021035 - Common Stock - Currency: CAD
Taking everything into account, ELD scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, ELD has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that ELD is one of the better performing stocks in the market, outperforming 85% of all stocks.
ELD is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so ELD is leading the market.
ELD is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
ELD is part of the Metals & Mining industry. There are 808 other stocks in this industry, ELD did better than 68% of them.
Besides having an excellent technical rating, ELD also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 28.44, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
20.47
29.68
When analyzing the support we can see 5 important areas.
- A support zone ranging from 28.38 to 28.44. 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 27.07 to 27.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 26.49 to 26.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @24.95 from a horizontal line in the weekly time frame.
- Support @20.68 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 28.91 to 29.39. This zone is formed by a combination of multiple trend lines and important moving averages 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 ELD.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ELD.CA is up. |
| ChartMill Relative Strength | 85.89 | POSITIVE | ELD.CA has a high relative strength, it outperformed 85.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ELD.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ELD.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ELD.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.96 | NEUTRAL | The RSI value for ELD.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests ELD.CA has a negative trend. |
| Stochastics (14,3) | 63.8 | NEUTRAL | The Stochastics value for ELD.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for ELD.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 25.96 | POSITIVE | The high ADX value value for ELD.CA 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 29.40 | 28.37 | 1.03 (3.50%) | 25.00% |
| An entry @29.40. This is a Buy Stop order right above the resistance zone. | An exit @28.37. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.03 points, which is 3.50%. | For a 0.88% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ELD. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:ELD (6/18/2025, 7:00:00 PM)
28.67
-0.22 (-0.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.76%
1 Week-0.21%
2 Weeks0.03%
1 Month4.44%
3 Month27.99%
6 Month31.21%
12 Month39.45%
2 Year113.8%
3 Year249.21%
5 Year119.02%
10 Year10.7%
15 Year-69.95%
Volatility
ATR(14)0.77
ATR(20)%2.6%
ATR Inc-25.65%
Range Today0.62
ADR(20)0.68
ADR(20)%2.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.89
Mansfield1.72
10 Day High29.69
10 Day Low28.25
20 Day High29.78
20 Day Low26.68
52 Week High29.78
52 Week Low18.94
CS1 End28.44
CR1 Start28.91
Volume & EV
DER(3)-0.03%
DER(5)0.9%
Volume460.13K
Volume Incr-22.99%
Vol(5)318.72K
Vol(50)396.77K