ELORO RESOURCES LTD (ELO.CA) Stock Technical Analysis
Canada - TSX-V:ELO - CA2899003008 - Common Stock
Taking everything into account, ELO scores 5 out of 10 in our technical rating. ELO has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
ELO has an average technical rating and it also does not offer a high quality setup 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
0.84
We found 4 important support areas.
- Support @1.15 from a trend line in the weekly time frame.
- Support @1.12 from a trend line in the daily time frame.
- Support @0.91 from a trend line in the weekly time frame.
- Support @0.85 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 1.34 to 1.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.53 to 1.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | DOWN | NEGATIVE | The short term trend for ELO.CA is down. |
| ChartMill Relative Strength | 65.42 | NEUTRAL | ELO.CA is not amongst the best or worst performers 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) | 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) | 41.9 | 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) | 6.29 | OVERSOLD | The low Stochastics value suggests ELO.CA may be oversold. |
| Average True Range in percent/ATR (20) | 9.64 | HIGH VOLATILITY | The high ATR as a percentage value for ELO.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 18.95 | NEGATIVE | The low ADX value for ELO.CA suggests a weak or negative trend. |
TSX-V:ELO (10/29/2025, 7:00:00 PM)
1.33
-0.06 (-4.32%)
ELORO RESOURCES LTD / ELO.CA FAQ
What is the technical rating for ELO stock?
ChartMill assigns a technical rating of 5 / 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 41.8951. 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 -0.0425003, indicating a bearish trend.
Can you provide the buy/sell signal for ELORO RESOURCES LTD?
The buy/sell signal for ELORO RESOURCES LTD (ELO.CA) is hold as the short term and long term trends are mixed.