Echelon Financial Holdings Inc (EFH.CA) Technical Analysis
TSX:EFH
Current stock price
EFH.CA Technical Rating and Analysis
Overall EFH gets a technical rating of 1 out of 10. EFH has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- EFH is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so EFH is lagging the market.
- EFH is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- Warning: EFH has an average volume of 6142 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- When comparing the yearly performance of all stocks, we notice that EFH is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
EFH.CA Weekly and Daily overview Charts
EFH.CA Setup Rating and Analysis
Although the technical rating is bad, EFH does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 2.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.98, a Stop Loss order could be placed below this zone.
More info and screens
EFH.CA Support and Resistance Analysis
1.96
When analyzing the support we notice one important area.
- A support zone ranging from 1.98 to 1.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 2.00 to 2.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.23 to 2.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
EFH.CA Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for EFH.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EFH.CA is down. |
| ChartMill Relative Strength | 75.81 | POSITIVE | EFH.CA has a high relative strength, it outperformed 75.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EFH.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EFH.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of EFH.CA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.55 | NEUTRAL | The RSI value for EFH.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests EFH.CA has a positive trend. |
| Stochastics (14,3) | 4.46 | OVERSOLD | The low Stochastics value suggests EFH.CA may be oversold. |
| Average True Range in percent/ATR (20) | 2.9 | MEDIUM VOLATILITY | The ATR as a percentage value for EFH.CA suggests some volalility. |
EFH.CA Chart- and CandleStick Pattern Analysis
EFH.CA Technicals: Chart, Performance Metrics, Trend & Indicators
Echelon Financial Holdings Inc
TSX:EFH (2/18/2022, 7:00:00 PM)
2
0 (0%)
Echelon Financial Holdings Inc / EFH.CA TA FAQ
What is the ChartMill technical rating of Echelon Financial Holdings Inc (EFH.CA) stock?
ChartMill assigns a technical rating of 1 / 10 to EFH.CA.
What is the trend direction for EFH stock?
The current trend direction for Echelon Financial Holdings Inc (EFH.CA) is Bearish.
What is the RSI signal for EFH stock?
Echelon Financial Holdings Inc (EFH.CA) has an RSI value of 42.5456. This indicates that the stock is currently neutral.
Can you provide the short term momentum for Echelon Financial Holdings Inc?
The short term momentum for Echelon Financial Holdings Inc (EFH.CA) is negative.
What is the support and resistance level for EFH stock?
Echelon Financial Holdings Inc (EFH.CA) has a support level at 1.98 and a resistance level at 2. Check the full technical report for our detailed analysis of EFH.CA support and resistance levels.