Stock Trend Analysis Report
Prepared for you on Saturday, September 23, 2023.
ELORO RESOURCES LTD (TSE:ELO)
Long-Term Downtrend (-90) - ELO is in a strong downtrend that is likely to continue. While ELO is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid ELO?
MarketClub looks at technical strength and momentum to determine if the timing is right for ELO.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ELO
The long-term trend has been DOWN since Aug 30th, 2023 at 2.74
The intermediate-term trend has been DOWN since Jul 26th, 2023 at 3.30
The short-term trend has been DOWN since Sep 19th, 2023 at 2.01
Smart Scan Analysis for ELO
Based on our trend formula, ELO is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).