Stock Trend Analysis Report
Prepared for you on Wednesday, January 22, 2020.
Eldorado Gold Corp (TSE:ELD)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for ELD
The long term trend has been DOWN since Dec 18th, 2019 at 9.35
The intermediate term trend has been DOWN since Jan 14th, 2020 at 9.32
The short term trend has been DOWN since Jan 21st, 2020 at 9.40
Smart Scan Analysis for ELD
Based on a pre-defined weighted trend formula for chart analysis, ELD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||1.84||Year High Date||2018-01-02|
|Year Low||0.74||Year Low Date||2018-11-27|
|52wk High||1.85||52wk High Date||2017-12-29|
|52wk Low||0.74||52wk Low Date||2018-11-27|
|Year End Close||12.8||Average Volume||934,584|