For its latest trading sesion, Eldorado Gold Corporation (NYSE:EGO) dropped by -1.1% – here is what that looked like (as of 2020-01-06):
What is the cause of all this?? To have a greater insight of what is happening, We ought to analyze some technical indicators. The most interesting and telling are these ones:
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 0.002, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.234, an Accumulation/Distribution Index (ADI) of 0.234, an On-Balance Volume (OBV) of 152.909, and a Chaiikin Money Flow (CMF) of 8.09. 16.6
Now let’s take all these indicators into account. According to Trading View, this is what it all means:
That is what an analysis of technical indicators seems to indicate for Eldorado Gold Corporation (NYSE:EGO). And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.