Stock Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
ELRAY RESOURCES INC (NASDAQ:ELRA)
Bull Market Weakness (+75) - ELRA is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ELRA as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid ELRA?
MarketClub looks at technical strength and momentum to determine if the timing is right for ELRA.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ELRA
The long-term trend has been UP since Nov 10th, 2023 at 0.0005
The intermediate-term trend has been UP since Nov 1st, 2023 at 0.0004
The short-term trend has been DOWN since Nov 29th, 2023 at 0.0007
Smart Scan Analysis for ELRA
Based on our trend formula, ELRA is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Year High||0.0004||Year High Date||2018-04-23|
|Year Low||0.000001||Year Low Date||2018-03-07|
|52wk High||0.0019||52wk High Date||2022-12-12|
|52wk Low||0.00025||52wk Low Date||2023-10-10|
|Year End Close||0.01||Average Volume||7,984,651|
|Shares Outstanding||2,405,612||% Institutional||1.7|