Stock Trend Analysis Report
Prepared for you on Tuesday, September 22, 2020.
ELRAY RESOURCES INC (NASDAQ:ELRA)
Sidelines Mode (+55) - ELRA 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 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 Aug 10th, 2020 at 0.0001
The intermediate-term trend has been UP since Aug 10th, 2020 at 0.0001
The short-term trend has been DOWN since Sep 2nd, 2020 at 0.0003
Smart Scan Analysis for ELRA
Based on our trend formula, ELRA is rated as a +55 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||0.0008||52wk High Date||2020-08-18|
|52wk Low||0.000001||52wk Low Date||2020-08-03|
|Year End Close||0.01||Average Volume||118,074,417|
|Shares Outstanding||2,405,612||% Institutional||1.7|