NYSE:ETG - New York Stock Exchange, Inc. - US27828S1015 - Currency: USD
Overall ETG gets a technical rating of 1 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.
Although the technical rating is bad, ETG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 18.10. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 17.51, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ETG in the last couple of days, which is a good sign.
16.50
When analyzing the support we can see 3 important areas.
When analyzing the resistance we notice 3 important areas.
18.02
+0.25 (+1.41%)