Eco Oro Minerals Corp (EOM.CA) Technical Analysis
TSX:EOM
Current stock price
EOM.CA Technical Rating and Analysis
Taking everything into account, EOM scores 0 out of 10 in our technical rating. EOM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, EOM is a bad performer in the overall market: 72% of all stocks are doing better.
- EOM is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so EOM is lagging the market.
- In the last month EOM has a been trading in the 0.05 - 0.09 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Warning: EOM has an average volume of 27189 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
EOM.CA Weekly and Daily overview Charts
EOM.CA Setup Rating and Analysis
The technical rating of EOM is bad and it also does not present a 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
EOM.CA Support and Resistance Analysis
0.04
We found 1 important support area.
- Support @0.04 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @0.05 from a horizontal line in the daily time frame.
- A resistance zone ranging from 0.06 to 0.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.07 to 0.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
EOM.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 EOM.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EOM.CA is down. |
| ChartMill Relative Strength | 28.43 | NEGATIVE | EOM.CA has a low relative strength, it was outperformed by 71.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EOM.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EOM.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EOM.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.96 | NEUTRAL | The RSI value for EOM.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests EOM.CA has a negative trend. |
| Average True Range in percent/ATR (20) | 10.5 | HIGH VOLATILITY | The high ATR as a percentage value for EOM.CA suggests high volalility. |
EOM.CA Chart- and CandleStick Pattern Analysis
EOM.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:EOM (4/8/2021, 3:15:35 PM)
0.05
0 (0%)
Eco Oro Minerals Corp / EOM.CA TA FAQ
What is the ChartMill technical rating of Eco Oro Minerals Corp (EOM.CA) stock?
ChartMill assigns a technical rating of 0 / 10 to EOM.CA.
Can you provide the trend direction for Eco Oro Minerals Corp?
The current trend direction for Eco Oro Minerals Corp (EOM.CA) is Bearish.
What is the RSI signal for Eco Oro Minerals Corp (EOM.CA) stock?
Eco Oro Minerals Corp (EOM.CA) has an RSI value of 40.9623. This indicates that the stock is currently neutral.
What is the MACD signal for Eco Oro Minerals Corp (EOM.CA) stock?
The MACD indicator for Eco Oro Minerals Corp (EOM.CA) has a value of -0.000993934, indicating a bearish trend.
What is the buy/sell signal for Eco Oro Minerals Corp (EOM.CA) stock?
The buy/sell signal for Eco Oro Minerals Corp (EOM.CA) is sell as both the short term and long term trends are negative.