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Stock Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
ELORO RESOURCES LTD (TSE:ELO)
Sidelines Mode (-55) - ELO is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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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 UP since Mar 4th, 2024 at 1.49
The short-term trend has been DOWN since Apr 30th, 2024 at 1.67
Smart Scan Analysis for ELO
Based on our trend formula, ELO is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.66 | 1.68 | 1.65 | 1.65 | -0.01 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.65 | 33315 | 2024-05-07 15:59:30 |