ELORO RESOURCES LTD (ELO.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:ELO - CA2899003008 - Common Stock
Overall ELO 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, ELO 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, ELO did better than 90% of all other stocks.
- ELO is one of the better performing stocks in the Metals & Mining industry, it outperforms 74% of 820 stocks in the same industry.
- ELO is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- ELO 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.
Besides having an excellent technical rating, ELO also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for ELO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.17
2 important support areas can be observed.
- A support zone ranging from 3.06 to 3.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.18 from a horizontal line in the daily time frame.
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 ELO.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ELO.CA is up. |
| ChartMill Relative Strength | 90.93 | POSITIVE | ELO.CA has a high relative strength, it outperformed 90.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ELO.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ELO.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ELO.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.2 | NEUTRAL | The RSI value for ELO.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests ELO.CA has a negative trend. |
| Stochastics (14,3) | 55.26 | NEUTRAL | The Stochastics value for ELO.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 8.23 | HIGH VOLATILITY | The high ATR as a percentage value for ELO.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 44.85 | POSITIVE | The high ADX value value for ELO.CA suggests a strong trend. |
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 |
|---|---|---|---|
| 3.43 | 3.05 | 0.38 (11.08%) | 9.03% |
| An entry @3.43. This is a Buy Stop order right above the 10 day high. | An exit @3.05. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.38 points, which is 11.08%. | For a 1.00% total portfolio risk, you can invest 9.03% of your capital in this trade. |
- 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-V:ELO (1/28/2026, 7:00:00 PM)
3.1
-0.1 (-3.12%)
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 58.1955. 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.