ELORO RESOURCES LTD (ELO.CA) Technical Analysis
TSX-V:ELO • CA2899003008
Current stock price
ELO.CA Technical Rating and Analysis
Taking everything into account, ELO scores 2 out of 10 in our technical rating. Although ELO is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- When comparing the yearly performance of all stocks, we notice that ELO is one of the better performing stocks in the market, outperforming 78% of all stocks. However, we also see that ELO couldn't keep up this performance in the last couple of months.
- ELO is part of the Metals & Mining industry. There are 795 other stocks in this industry, ELO did better than 48% of them.
- ELO is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ELO is lagging the market slightly.
- In the last month ELO has a been trading in the 1.73 - 2.57 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ELO.CA Weekly and Daily overview Charts
ELO.CA Setup Rating and Analysis
ELO has a poor technical rating and the quality of the setup is also not perfect 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.
More info and screens
ELO.CA Support and Resistance Analysis
0.84
We found 4 important support areas.
- Support @1.82 from a trend line in the daily time frame.
- A support zone ranging from 1.76 to 1.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.36 from a trend line in the weekly time frame.
- Support @0.85 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @2.12 from a horizontal line in the daily time frame.
ELO.CA 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.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for ELO.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ELO.CA is down. |
| ChartMill Relative Strength | 78.51 | POSITIVE | ELO.CA has a high relative strength, it outperformed 78.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ELO.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ELO.CA is below a declining 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) | 42.35 | NEUTRAL | The RSI value for ELO.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests ELO.CA has a positive trend. |
| Stochastics (14,3) | 51.33 | NEUTRAL | The Stochastics value for ELO.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 8.29 | HIGH VOLATILITY | The high ATR as a percentage value for ELO.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 28.39 | POSITIVE | The high ADX value value for ELO.CA suggests a strong trend. |
ELO.CA Chart- and CandleStick Pattern Analysis
ELO.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX-V:ELO (4/2/2026, 7:00:00 PM)
1.96
-0.15 (-7.11%)
ELORO RESOURCES LTD / ELO.CA TA FAQ
What is the technical rating for ELO stock?
ChartMill assigns a technical rating of 2 / 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 Bearish.
Can you provide the RSI signal for ELORO RESOURCES LTD?
ELORO RESOURCES LTD (ELO.CA) has an RSI value of 42.349. This indicates that the stock is currently neutral.
What is the MACD signal for ELORO RESOURCES LTD (ELO.CA) stock?
The MACD indicator for ELORO RESOURCES LTD (ELO.CA) has a value of 0.0284846, indicating a bearish trend.
What is the support and resistance level for ELO stock?
ELORO RESOURCES LTD (ELO.CA) has a support level at 1.82 and a resistance level at 2.12. Check the full technical report for our detailed analysis of ELO.CA support and resistance levels.