ELORO RESOURCES LTD (ELO.CA) Stock Technical Analysis
Canada - TSX-V:ELO - CA2899003008 - Common Stock
1.2 CAD
+0.05 (+4.35%)
We assign a technical rating of 4 out of 10 to ELO. ELO has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
ELO is part of the Metals & Mining industry. There are 807 other stocks in this industry, of which 62% are performing better than ELO.
In the last month ELO has a been trading in the 1.01 - 1.23 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.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When compared to the yearly performance of all other stocks, ELO outperforms 58% of them, which is more or less in line with the market.
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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ELO has an average technical rating and also the quality of the setup is only medium 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
0.81
1.45
We found 5 important support areas.
- A support zone ranging from 1.05 to 1.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.90 from a trend line in the weekly time frame.
- Support @0.87 from a trend line in the daily time frame.
- Support @0.85 from a horizontal line in the weekly time frame.
- Support @0.82 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @1.38 from a trend line in the weekly time frame.
- Resistance @1.44 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for ELO.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ELO.CA is neutral. |
| ChartMill Relative Strength | 58.26 | NEUTRAL | ELO.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ELO.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ELO.CA is below 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) | 53.12 | NEUTRAL | The RSI value for ELO.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ELO.CA has a positive trend. |
| Stochastics (14,3) | 69.7 | NEUTRAL | The Stochastics value for ELO.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.23 | HIGH VOLATILITY | The high ATR as a percentage value for ELO.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 20.84 | NEUTRAL | The ADX value for ELO.CA suggests a possible start of a new 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)
TSX-V:ELO (9/19/2025, 7:00:00 PM)
1.2
+0.05 (+4.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg4.35%
1 Week8.11%
2 Weeks12.15%
1 Month-9.77%
3 Month4.35%
6 Month-3.23%
12 Month23.71%
2 Year-34.43%
3 Year-68.17%
5 Year-14.29%
10 Year990.91%
15 Year200%
Volatility
ATR(14)0.06
ATR(20)%5.23%
ATR Inc-10.83%
Range Today0.07
ADR(20)0.05
ADR(20)%4.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.26
Mansfield0.12
10 Day High1.23
10 Day Low1.01
20 Day High1.23
20 Day Low1.01
52 Week High1.67
52 Week Low0.77
CS1 End1.07
CR1 Start1.38
Volume & EV
DER(3)0.88%
DER(5)0.64%
Volume497.31K
Volume Incr0.78%
Vol(5)427.87K
Vol(50)249.59K