EGO Stock Eldorado Gold (EGO, $15.53) entered Uptrend as Momentum indicator ascends above 0 level on Jan 03, 2025

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EGO - Eldorado Gold Corp

Momentum signal

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Odds of UP Trend

Price: $15.53

Daily change: -$0.16 (-1.02%)

Daily volume: 440.7K

Capitalization: $3.2B

Industry: Precious Metals

Momentum Indicator for EGO turns positive, indicating new upward trend

EGO saw its Momentum Indicator move above the 0 level on January 03, 2025. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 93 similar instances where the indicator turned positive. In of the 93 cases, the stock moved higher in the following days. The odds of a move higher are at .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for EGO just turned positive on January 03, 2025. Looking at past instances where EGO's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where EGO advanced for three days, in of 296 cases, the price rose further within the following month. The odds of a continued upward trend are .

EGO may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 263 cases where EGO Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

EGO moved below its 50-day moving average on December 12, 2024 date and that indicates a change from an upward trend to a downward trend.

The 50-day moving average for EGO moved below the 200-day moving average on January 06, 2025. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where EGO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Fundamental Analysis (Ratings)

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock slightly better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. EGO’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.834) is normal, around the industry mean (6.770). P/E Ratio (26.630) is within average values for comparable stocks, (83.981). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (8.405). EGO has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.040). P/S Ratio (2.781) is also within normal values, averaging (140.939).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.