As this happened, RBC Capital Mkts upgraded its Eldorado Gold Corp [EGO] rating to an Outperform from a a Sector perform in a research note published on May 29, 2024; the price target was increased to $20 from $14. A number of analysts have revised their coverage, including Stifel’s analysts, who increased its forecast for the stock in mid October from “a Hold” to “a Buy”. Stifel revised its rating on April 20, 2023. It rated EGO as “a Hold” which previously was an “a Buy”.
Price Performance Review of EGO
On Monday, Eldorado Gold Corp [NYSE:EGO] saw its stock jump 4.10% to $19.05. Over the last five days, the stock has lost -0.83%. Eldorado Gold Corp shares have risen nearly 28.11% since the year began. Nevertheless, the stocks have risen 32.20% over the past one year. While a 52-week high of $20.65 was reached on 04/21/25, a 52-week low of $13.29 was recorded on 02/21/25. SMA at 50 days reached $16.71, while 200 days put it at $16.43.
Levels Of Support And Resistance For EGO Stock
The 24-hour chart illustrates a support level at 18.75, which if violated will result in even more drops to 18.44. On the upside, there is a resistance level at 19.23. A further resistance level may holdings at 19.40. The Relative Strength Index (RSI) on the 14-day chart is 58.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.36%. Stochastics %K at 31.03% indicates the stock is a holding.
