ELDORADO GOLD CORP (ELD.CA) Stock Technical Analysis
TSX:ELD - Toronto Stock Exchange - CA2849021035 - Common Stock - Currency: CAD
We assign a technical rating of 5 out of 10 to ELD. ELD has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
Although the technical rating is only medium, ELD does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 29.16. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 27.87, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
20.85
We found 3 important support areas.
- A support zone ranging from 27.15 to 27.87. 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 @21.06 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 29.16 to 29.39. 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 ELD.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ELD.CA is neutral. |
| ChartMill Relative Strength | 60.22 | NEUTRAL | ELD.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ELD.CA is below a declining 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) | 51.56 | NEUTRAL | The RSI value for ELD.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests ELD.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 47.65 | NEUTRAL | The Stochastics value for ELD.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.59 | MEDIUM VOLATILITY | The ATR as a percentage value for ELD.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 15.87 | NEGATIVE | The low ADX value for ELD.CA suggests a weak or negative trend. |
TSX:ELD (7/14/2025, 7:00:00 PM)
28.08
+0.07 (+0.25%)