Stock Trend Analysis Report
Prepared for you on Tuesday, March 21, 2023.
ELORO RESOURCES LTD (TSE:ELO)
Countertrend Up (+85) - ELO is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Mar 14th, 2023 at 3.5
The intermediate-term trend has been UP since Mar 14th, 2023 at 3.5
The short-term trend has been UP since Mar 14th, 2023 at 3.5
Smart Scan Analysis for ELO
Based on our trend formula, ELO is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).