ENTREE RESOURCES LTD (ETG.CA) Stock Technical Analysis
TSX:ETG - Toronto Stock Exchange - CA29384J1030 - Common Stock - Currency: CAD
Overall ETG gets a technical rating of 2 out of 10. ETG has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
ETG is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
When comparing the yearly performance of all stocks, we notice that ETG is one of the better performing stocks in the market, outperforming 76% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
ETG is part of the Metals & Mining industry. There are 808 other stocks in this industry, ETG did better than 56% of them.
ETG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ETG is lagging the market.
Considerably lower volume is observed in the last couple of days.
ETG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 2.03, a Stop Loss order could be placed below this zone.
More info and screens
1.80
2.29
We found 3 important support areas.
- A support zone ranging from 1.98 to 2.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.94 from a horizontal line in the weekly time frame.
- Support @1.82 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 2.07 to 2.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.22 from a trend line in the weekly time frame.
- Resistance @2.27 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 | DOWN | NEGATIVE | The long term trend for ETG.CA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ETG.CA is neutral. |
| ChartMill Relative Strength | 76.05 | POSITIVE | ETG.CA has a high relative strength, it outperformed 76.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ETG.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ETG.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ETG.CA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.43 | NEUTRAL | The RSI value for ETG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ETG.CA has a positive trend. |
| Stochastics (14,3) | 68.65 | NEUTRAL | The Stochastics value for ETG.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.11 | MEDIUM VOLATILITY | The ATR as a percentage value for ETG.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 29.08 | POSITIVE | The high ADX value value for ETG.CA suggests a strong 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:ETG (7/2/2025, 7:00:00 PM)
2.06
+0.01 (+0.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.49%
1 Week-0.48%
2 Weeks3.52%
1 Month-8.04%
3 Month5.64%
6 Month-24.82%
12 Month41.1%
2 Year53.73%
3 Year157.5%
5 Year384.71%
10 Year488.57%
15 Year-6.79%
Volatility
ATR(14)0.04
ATR(20)%3.11%
ATR Inc18.46%
Range Today0.07
ADR(20)0.06
ADR(20)%2.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.05
Mansfield-0.81
10 Day High2.11
10 Day Low1.98
20 Day High2.26
20 Day Low1.9
52 Week High2.75
52 Week Low1.41
CS1 End2.03
CR1 Start2.1
Volume & EV
DER(3)-16.02%
DER(5)-12.27%
Volume63.02K
Volume Incr-58.46%
Vol(5)31.35K
Vol(50)69.20K