EASTERN PLATINUM LTD (ELR.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:ELR - CA2768555096 - Common Stock
We assign a technical rating of 10 out of 10 to ELR. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ELR 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, ELR did better than 92% of all other stocks. On top of that, ELR also shows a nice and consistent pattern of rising prices.
- ELR is one of the better performing stocks in the Metals & Mining industry, it outperforms 78% of 817 stocks in the same industry.
- ELR is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ELR is lagging the market slightly.
- In the last month ELR has a been trading in the 0.39 - 0.63 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, ELR 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. We notice that large players showed an interest for ELR 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
0.21
We found 3 important support areas.
- Support @0.46 from a horizontal line in the daily time frame.
- Support @0.25 from a trend line in the weekly time frame.
- Support @0.21 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @0.52 from a trend 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 ELR.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ELR.CA is up. |
| ChartMill Relative Strength | 92.27 | POSITIVE | ELR.CA has a high relative strength, it outperformed 92.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ELR.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ELR.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ELR.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.33 | NEUTRAL | The RSI value for ELR.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ELR.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.11 | NEUTRAL | The Stochastics value for ELR.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 14.26 | HIGH VOLATILITY | The high ATR as a percentage value for ELR.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 35.29 | POSITIVE | The high ADX value value for ELR.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 |
|---|---|---|---|
| 0.53 | 0.45 | 0.08 (15.09%) | 6.62% |
| An entry @0.53. This is a Buy Stop order right above the resistance zone. | An exit @0.45. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.08 points, which is 15.09%. | When investing 6.62% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of ELR. 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:ELR (1/16/2026, 7:00:00 PM)
0.49
+0.02 (+4.26%)
EASTERN PLATINUM LTD / ELR.CA FAQ
Can you provide the ChartMill technical rating for EASTERN PLATINUM LTD?
ChartMill assigns a technical rating of 10 / 10 to ELR.CA.
Can you provide the trend direction for EASTERN PLATINUM LTD?
The current trend direction for EASTERN PLATINUM LTD (ELR.CA) is Bullish.
Can you provide the RSI signal for EASTERN PLATINUM LTD?
EASTERN PLATINUM LTD (ELR.CA) has an RSI value of 55.333. This indicates that the stock is currently neutral.
Can you provide the short term momentum for EASTERN PLATINUM LTD?
The short term momentum for EASTERN PLATINUM LTD (ELR.CA) is positive.
What is the support and resistance level for ELR stock?
EASTERN PLATINUM LTD (ELR.CA) has a support level at 0.46 and a resistance level at 0.52. Check the full technical report for our detailed analysis of ELR.CA support and resistance levels.