Technical analysis from Eldorado Gold (ELD.TO.TO, TSE:ELD.TO) on the Toronto Stock Exchange (TSX). Download the latest price data & trading signals

Eldorado Gold
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Eldorado Gold: Daily opening performance is -0.8 % [Downntrend]
Opening Price /
Eldorado Gold: Daily opening performance is -0.8 % [Downntrend]

[BEARISH]: Eldorado Gold opening price has gapped down. Currently, the OPEN is $1.2100 (-0.8 %).

Eldorado Gold has broken the first resistance point ($1.2400) [Bullish]
Pivot Points /
Eldorado Gold has broken the first resistance point ($1.2400) [Bullish]

Eldorado Gold has broken the first support point ($1.2100) [Bearish]. Look for a short limit order entry near this point. Exit price for ELD should be set @$1.1900 & short position stoploss for Eldorado Gold should be set between $1.2500 & $1.2700

Woodie Pivot Point /
Short positions for Eldorado Gold should be set between $1.2230 & $1.2160

Eldorado Gold has broken the first Woodie resistance point ($1.2460) [Bullish]. Look for a long limit order entry near this point. Exit price for ELD should be set @$1.2530 & Stoploss for Eldorado Gold should be set at $1.1930

White Candle /
ELD Basic Candle: White

[BULLISH]: Eldorado Gold has formed a White candlestick. Normal buying pressure highlighting buyers were in control.

Percentage Price /
Eldorado Gold currently has negative PPO -1.2000

[BEARISH]: Eldorado Gold currently has negative PPO -1.2000%. This means the current price is losing momentum through a fall on the short term exponential moving average.

MACD Volume /
Negative momentum on the Volume MACD histogram for ELD is maintained & supports a bearish move is likely

[BEARISH]: Eldorado Gold currently has negative Volume MACD of -170520.0000. This means the signal line is less than the Volume MACD line signalling a bearish movement.

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Fibonacci Fans /
Eldorado Gold has yet to break the 61.8% retracement fan level ($0.0000) [Bullish]

Eldorado Gold is still above the 61.8% retracement level ($0.0000) [Bullish]. Look for a long limit order entry near this point. Exit price for ELD should be set @$38.9000 & Stoploss for Eldorado Gold should be set between $38.1200

The MACD continues to rise above the signal line for ELD [Bullish]
MACD /
The MACD continues to rise above the signal line for ELD [Bullish]

[BULLISH]: Eldorado Gold currently has positive MACD of 0.0100. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is -0.8%.

Bullish trading conditions for Eldorado Gold has initiated a bullish crossover from the DPO (0.0105)
Detrended Price Oscillator /
Bullish trading conditions for Eldorado Gold has initiated a bullish crossover from the DPO (0.0105)

[BULLISH]: Eldorado Gold currently has a confirmed uptrend. Price is currently above the displaced moving average for ELDCurrently, the return on DPO20 is 0.8%.

Medium Trend /
Daily trading has maintained an Downtrend medium trend for Eldorado Gold

[BEARISH]: Eldorado Gold is in an downtrend in the medium term timeframe. The current rally number is 4 & the highest rally count for the LTM is 200. The highest rally for the month is 18

Low Price /
Recent trading for Eldorado Gold has surpassed the previous low by 0.0 %

ELD: LOW Recent Trading -> (1) 25 Apr: 1.2000 (2) 24 Apr: 1.2000 (3) 23 Apr: 1.1900

On Balance Volume /
Eldorado Gold: On Balance Volume (-8783479.0000)

[BEARISH]: Eldorado Gold current price has highlighted recent distribution. Currently, the OBV is -8783479.0000.

Percentage volume oscillator remains negative for ELD
Percentage Volume /
Percentage volume oscillator remains negative for ELD

[BEARISH]: Eldorado Gold currently has negative PVO -14.6000%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -0.8%.

Eldorado Gold: Buyers are in control at the market close.
Close Tod Vs Range Tod /
Eldorado Gold: Buyers are in control at the market close.

[BULLISH]: Eldorado Gold buyers are in control at the market close. There has been 2 consecutive days of prices closing in the upper part of the trading range for Eldorado Gold adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 77 trading days with the closing price in the upper part of the range giving a confirmation ratio of 29.3%. Over the last month there has been 6 trading days with the closing price in the upper range giving a confirmation ratio of 33.3%. Currently this quarter, closing price has spent 6 days in the upper price range compared to 6 days in the lower range giving a ratio of 1x.

Demarks Pivot Points /
[Long]: Exit price for ELD should be set @$1.2450

Eldorado Gold has broken the first DeMark resistance point ($1.2225) [Bullish]. Look for a long limit order entry near this point. Exit price for ELD should be set @$1.2450 & Stoploss for Eldorado Gold should be set at $1.2150

Fibonacci Retracements /
Limit order for a long position has been identified for Eldorado Gold @$0.0000)

Eldorado Gold is still above the 61.8% retracement level ($0.0000) [Bullish]. Look for a long limit order entry near this point. Exit price for ELD should be set @$38.9000 & Stoploss for Eldorado Gold should be set between $38.1200

The WMA trend following signal is now active for Eldorado Gold [Bullish]
Weighted Moving Average /
The WMA trend following signal is now active for Eldorado Gold [Bullish]

[BULLISH]: Eldorado Gold currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 0.8%.

Eldorado Gold is in a short term uptrend with the closing price @$1.2300
Sine Weighted Moving Average /
Eldorado Gold is in a short term uptrend with the closing price @$1.2300

[BULLISH]: Eldorado Gold currently has a confirmed uptrend. Recent trading has caused the SWMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 0.8%.

Ulcer index has reduced in stress level & low drawdown is expected for Eldorado Gold
Ulcer Index /
Ulcer index has reduced in stress level & low drawdown is expected for Eldorado Gold

[BEARISH]: Eldorado Gold UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 3.8140.

Fibonacci Extensions /
[Short]: Exit price for ELD should be set @$0.0000

Eldorado Gold has moved above the 161.8% level ($0.0000) [Bearish]. Look for a short limit order entry near this point. Exit price for ELD should be set @$0.0000 & short position stoploss for Eldorado Gold should be set at $0.0000

Triangular Moving Average /
[Uptrend]: Recent trading for ELD confirms bullish TMA(5) signal

[BULLISH]: Eldorado Gold currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 0.8%.

Elder Ray Index /
Buying pressure for ELD highlights ability of buyers to drive the price upwards

[BULLISH]: Eldorado GoldElder Ray Index is signalling a Bullish movementERI is 0.0090 indicating bull power. Prices are being driven above the consensus of value for ELD during the last trading session [Buying Pressure]

Moving Average Envelope /
Closing price ($1.2300) for ELD is still below the Lower Envelope Band

[BULLISH]: Eldorado Gold current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 1.1875.

Recent trading highlights initial selling pressure is present for ELD
Elders Force Index /
Recent trading highlights initial selling pressure is present for ELD

[BEARISH]: Eldorado Gold current price has highlighted recent selling pressure. Currently, the Elders Force Index is -6251.0000.

Eldorado Gold was difficult to move upward due to high volume in recent trading [Bullish]
Ease of Movement /
Eldorado Gold was difficult to move upward due to high volume in recent trading [Bullish]

ELD: EOM Current Signal -> (1) 25 Apr: BULLISH HARD (2) 24 Apr: NEUTRAL (3) 23 Apr: BEARISH HARD

Average True Range /
Average True Range for Eldorado Gold has signalled an downtrend is active

ELD: Average True Range Recent Trading -> (1) 25 Apr: 0.0530 (2) 24 Apr: 0.0550 (3) 23 Apr: 0.0580

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