ELORO RESOURCES LTD (ELO.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:ELO - CA2899003008 - Common Stock
1.41 CAD
+0.07 (+5.22%)
We assign a technical rating of 8 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.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, ELO did better than 76% of all other stocks.
ELO is part of the Metals & Mining industry. There are 796 other stocks in this industry, ELO did better than 44% of them.
ELO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ELO is lagging the market.
In the last month ELO has a been trading in the 1.15 - 1.51 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
ELO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
0.84
1.58
We found 7 important support areas.
- A support zone ranging from 1.40 to 1.41. 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 1.32 to 1.32. 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 1.24 to 1.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.20 from a horizontal line in the weekly time frame.
- Support @1.18 from a trend line in the weekly time frame.
- Support @1.15 from a trend line in the daily time frame.
- Support @0.85 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @1.46 from a horizontal line in the daily time frame.
- Resistance @1.52 from a trend line in the weekly time frame.
- Resistance @1.56 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The short term trend for ELO.CA is neutral. |
| ChartMill Relative Strength | 76.68 | POSITIVE | ELO.CA has a high relative strength, it outperformed 76.68% 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) | 52.99 | NEUTRAL | The RSI value for ELO.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ELO.CA has a positive trend. |
| Stochastics (14,3) | 57.41 | NEUTRAL | The Stochastics value for ELO.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.58 | HIGH VOLATILITY | The high ATR as a percentage value for ELO.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 14.59 | NEGATIVE | The low ADX value for ELO.CA suggests a weak or negative 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 |
|---|---|---|---|
| 1.47 | 1.39 | 0.08 (5.44%) | 18.37% |
| An entry @1.47. This is a Buy Stop order right above the resistance zone. | An exit @1.39. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.08 points, which is 5.44%. | For a 1.00% total portfolio risk, you can invest 18.37% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ELO. 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-V:ELO (11/24/2025, 7:00:00 PM)
1.41
+0.07 (+5.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg5.22%
1 Week2.92%
2 Weeks9.3%
1 Month2.92%
3 Month22.61%
6 Month27.03%
12 Month30.56%
2 Year-3.42%
3 Year-63.28%
5 Year-19.89%
10 Year1075%
15 Year403.57%
Volatility
ATR(14)0.11
ATR(20)%6.58%
ATR Inc-45.63%
Range Today0.07
ADR(20)0.09
ADR(20)%6.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.68
3 months CRS82.49
6 months CRS73.48
Mansfield1.36
10 Day High1.51
10 Day Low1.24
20 Day High1.51
20 Day Low1.15
52 Week High1.86
52 Week Low0.77
CS1 End1.41
CR1 Start1.46
Volume & EV
DER(3)0%
DER(5)0%
Volume97.93K
Volume Incr-51.54%
Vol(5)89.89K
Vol(50)257.26K
ELORO RESOURCES LTD / ELO.CA FAQ
What is the technical rating for ELO stock?
ChartMill assigns a technical rating of 8 / 10 to ELO.CA.
What is the trend direction for ELO stock?
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 52.9871. This indicates that the stock is currently neutral.
What is the MACD signal for ELO stock?
The MACD indicator for ELORO RESOURCES LTD (ELO.CA) has a value of 0.0115152, indicating a bearish trend.