Eldorado Gold Corp Stock Technical Analysis
| ELD Stock | CAD 22.22 0.04 0.18% |
As of the 28th of November, Eldorado Gold shows the Coefficient Of Variation of (3,030), standard deviation of 2.45, and Mean Deviation of 1.82. Eldorado Gold Corp technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices.
Eldorado Gold Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Eldorado, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to EldoradoEldorado |
Eldorado Gold technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Eldorado Gold Corp Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Eldorado Gold Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Eldorado Gold Corp Trend Analysis
Use this graph to draw trend lines for Eldorado Gold Corp. You can use it to identify possible trend reversals for Eldorado Gold as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Eldorado Gold price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Eldorado Gold Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Eldorado Gold Corp applied against its price change over selected period. The best fit line has a slop of 0.01 , which may suggest that Eldorado Gold Corp market price will keep on failing further. It has 122 observation points and a regression sum of squares at 7.77, which is the sum of squared deviations for the predicted Eldorado Gold price change compared to its average price change.About Eldorado Gold Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Eldorado Gold Corp on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Eldorado Gold Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Eldorado Gold Corp price pattern first instead of the macroeconomic environment surrounding Eldorado Gold Corp. By analyzing Eldorado Gold's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Eldorado Gold's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Eldorado Gold specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Payables Turnover | 9.16 | 9.34 | 7.93 | 4.18 | Days Of Inventory On Hand | 99.94 | 103.73 | 116.35 | 101.62 |
Eldorado Gold November 28, 2024 Technical Indicators
Most technical analysis of Eldorado help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Eldorado from various momentum indicators to cycle indicators. When you analyze Eldorado charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.02) | |||
| Market Risk Adjusted Performance | 0.6978 | |||
| Mean Deviation | 1.82 | |||
| Coefficient Of Variation | (3,030) | |||
| Standard Deviation | 2.45 | |||
| Variance | 6.02 | |||
| Information Ratio | (0.08) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | 0.6878 | |||
| Maximum Drawdown | 12.07 | |||
| Value At Risk | (4.94) | |||
| Potential Upside | 3.38 | |||
| Skewness | (0.26) | |||
| Kurtosis | 0.6001 |
Eldorado Gold November 28, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Eldorado stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 572.19 | ||
| Daily Balance Of Power | (0.16) | ||
| Rate Of Daily Change | 1.00 | ||
| Day Median Price | 22.28 | ||
| Day Typical Price | 22.26 | ||
| Price Action Indicator | (0.08) |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eldorado Gold Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.