Eldorado Gold Corp Stock Technical Analysis
| EGO Stock | USD 16.18 0.15 0.92% |
As of the 21st of November, Eldorado Gold shows the Coefficient Of Variation of (1,950), standard deviation of 2.44, 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 Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 12.55 | Buy | 11 | Odds |
Most Eldorado analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Eldorado stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Eldorado Gold Corp, talking to its executives and customers, or listening to Eldorado conference calls.
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
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. 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 imply that the returns on investment in Eldorado Gold Corp will continue to fail. It has 122 observation points and a regression sum of squares at 8.33, 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 | 5.3 | 4.1 | Days Of Inventory On Hand | 99.94 | 103.73 | 173.92 | 103.16 |
Eldorado Gold November 21, 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 | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.03) | |||
| Market Risk Adjusted Performance | (0.33) | |||
| Mean Deviation | 1.82 | |||
| Coefficient Of Variation | (1,950) | |||
| Standard Deviation | 2.44 | |||
| Variance | 5.95 | |||
| Information Ratio | (0.09) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (0.34) | |||
| Maximum Drawdown | 12.12 | |||
| Value At Risk | (4.76) | |||
| Potential Upside | 3.39 | |||
| Skewness | (0.22) | |||
| Kurtosis | 0.6225 |
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 price. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Eldorado Gold. If investors know Eldorado will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Eldorado Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 55.667 | Earnings Share 1.41 | Revenue Per Share 5.868 | Quarterly Revenue Growth 0.355 | Return On Assets 0.0386 |
The market value of Eldorado Gold Corp is measured differently than its book value, which is the value of Eldorado that is recorded on the company's balance sheet. Investors also form their own opinion of Eldorado Gold's value that differs from its market value or its book value, called intrinsic value, which is Eldorado Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Eldorado Gold's market value can be influenced by many factors that don't directly affect Eldorado Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Eldorado Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eldorado Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eldorado Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.