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ELORO RESOURCES LTD (ELO.CA) Stock Technical Analysis

Canada - TSX Venture Exchange - TSX-V:ELO - CA2899003008 - Common Stock

2.85 CAD
-0.29 (-9.24%)
Last: 1/5/2026, 7:00:00 PM
Technical Rating and Analysis

10

We assign a technical rating of 10 out of 10 to ELO. Both in the recent history as in the last year, ELO 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.
Looking at the yearly performance, ELO did better than 93% of all other stocks. We also observe that the gains produced by ELO over the past year are nicely spread over this period.
ELO is part of the Metals & Mining industry. There are 812 other stocks in this industry. ELO outperforms 82% of them.
ELO 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 ELO has a been trading in the 1.71 - 3.32 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Weekly and Daily overview Charts
ELORO RESOURCES LTD / ELO Weekly stock chart
ELORO RESOURCES LTD / ELO Daily stock chart
Setup Rating and Analysis

3

Although ELO has an excellent technical rating, it does not present a decent entry opportunity 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.

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Support and Resistance Analysis

2.82

2.88

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Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for ELO.CA is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for ELO.CA is up.
ChartMill Relative Strength93.64POSITIVEELO.CA has a high relative strength, it outperformed 93.64% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of ELO.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of ELO.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of ELO.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)69.54NEUTRALThe RSI value for ELO.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.05POSITIVEThe MACD value suggests ELO.CA has a positive trend, although the MACD value is declining.
Stochastics (14,3)84.25OVERBOUGHTThe high Stochastics value suggests ELO.CA may be overbought.
Average True Range in percent/ATR (20)8.11HIGH VOLATILITYThe high ATR as a percentage value for ELO.CA suggests high volalility.
Average Directional Index/ADX (14)52.88POSITIVEThe high ADX value value for ELO.CA suggests a strong trend.
Chart- and CandleStick Pattern Analysis
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)

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ELORO RESOURCES LTD / ELO Daily stock chart

ELORO RESOURCES LTD

TSX-V:ELO (1/5/2026, 7:00:00 PM)

2.85

-0.29 (-9.24%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-9.24%
1 Week7.95%
2 Weeks27.23%
1 Month66.67%
3 Month85.06%
6 Month126.19%
12 Month196.88%
2 Year60.11%
3 Year-14.93%
5 Year-36.24%
10 Year1935.71%
15 Year790.63%
Volatility
ATR(14)0.25
ATR(20)%8.11%
ATR Inc83.86%
Range Today0.5
ADR(20)0.22
ADR(20)%7.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.64
3 months CRS96.11
6 months CRS92.51
Mansfield9.31
10 Day High3.32
10 Day Low2.24
20 Day High3.32
20 Day Low1.71
52 Week High3.32
52 Week Low0.77
CS1 EndN/A
CR1 StartN/A
Volume & EV
DER(3)8.42%
DER(5)5.69%
Volume606.68K
Volume Incr-1.14%
Vol(5)417.86K
Vol(50)291.95K

ELORO RESOURCES LTD / ELO.CA FAQ

What is the technical rating for ELO stock?

ChartMill assigns a technical rating of 10 / 10 to ELO.CA.


Can you provide the trend direction for ELORO RESOURCES LTD?

The current trend direction for ELORO RESOURCES LTD (ELO.CA) is Bullish.


What is the RSI signal for ELORO RESOURCES LTD (ELO.CA) stock?

ELORO RESOURCES LTD (ELO.CA) has an RSI value of 69.5438. This indicates that the stock is currently neutral.


What is the short term momentum for ELO stock?

The short term momentum for ELORO RESOURCES LTD (ELO.CA) is positive.


Can you provide the buy/sell signal for ELORO RESOURCES LTD?

The buy/sell signal for ELORO RESOURCES LTD (ELO.CA) is buy as both the short term and long term trends are positive.