ELORO RESOURCES LTD (ELO.CA) Stock Technical Analysis
TSX-V:ELO - TSX Venture Exchange - CA2899003008 - Common Stock - Currency: CAD
Taking everything into account, ELO scores 1 out of 10 in our technical rating. ELO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, ELO is a bad performer in the overall market: 86% of all stocks are doing better.
ELO is one of the lesser performing stocks in the Metals & Mining industry. 72% of 822 stocks in the same industry do better.
ELO is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
ELO 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.
ELO has a poor technical rating and the quality of the setup is also not perfect 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
0.83
1.19
We found 1 important support area.
- Support @0.84 from a trend line in the daily time frame.
7 important resistance areas can be observed.
- Resistance @0.91 from a trend line in the daily time frame.
- A resistance zone ranging from 1.00 to 1.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.03 from a trend line in the weekly time frame.
- Resistance @1.07 from a trend line in the weekly time frame.
- Resistance @1.11 from a trend line in the daily time frame.
- A resistance zone ranging from 1.15 to 1.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.18 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.93
Mansfield-2.54
10 Day High1.02
10 Day Low0.87
20 Day High1.21
20 Day Low0.87
52 Week High1.91
52 Week Low0.77
Performance
1 Week-10%
2 Weeks-10%
1 Month-23.08%
3 Month-6.25%
6 Month0%
12 Month-38.36%
2 Year-75.94%
3 Year-82.82%
5 Year239.62%
10 Year445.46%
15 Year60.71%
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)
Technical Indicators
MACD(12,26,9)-0.01
RSI(14)38.54
LBB0.84
UBB1.07
TSX-V:ELO (3/7/2025, 7:00:00 PM)
0.9
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0%
1 Week-10%
2 Weeks-10%
1 Month-23.08%
3 Month-6.25%
6 Month0%
12 Month-38.36%
2 Year-75.94%
3 Year-82.82%
5 Year239.62%
10 Year445.46%
15 Year60.71%
Volatility
ATR(14)0.06
ATR(20)%7.17%
ATR Inc-63.16%
Range Today0.02
ADR(20)0.06
ADR(20)%7.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.93
Mansfield-2.54
10 Day High1.02
10 Day Low0.87
20 Day High1.21
20 Day Low0.87
52 Week High1.91
52 Week Low0.77
CS1 End0.84
CR1 Start0.91
Volume & EV
DER(3)3.2%
DER(5)-2.29%
Volume23.01K
Volume Incr-18.55%
Vol(5)55.75K
Vol(50)64.43K