Eldorado Gold Corporation (NYSE:EGO) Spiked Up 3.7% – Here’s Why

      Comments Off on Eldorado Gold Corporation (NYSE:EGO) Spiked Up 3.7% – Here’s Why

In its latest trading session, Eldorado Gold Corporation (NYSE:EGO) spiked up by 3.7% – here is what that looked like (as of 2019-12-04):

Why are these moves happning?? To grasp this action better, it is helpful to analyze some technical indicators. As we see it, you should pay the most attention to the following:

A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of -0.008, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.247, an Accumulation/Distribution Index (ADI) of 0.247, an On-Balance Volume (OBV) of 46.397, and a Chaiikin Money Flow (CMF) of -7.88. 1.0

Now let’s take all these indicators into account. Consulting Trading View, putting it all together gets the following:

That is what an analysis of technical indicators seems to indicate for Eldorado Gold Corporation (NYSE:EGO). That’s what we have now, but please BE EDUCATED! Do your own research, and absolutely do not rely solely on the above – investigate things for yourself.