ENVELA CORP (ELA) Technical Analysis
NYSEARCA:ELA • US29402E1029
Current stock price
ELA Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to ELA. Both in the recent history as in the last year, ELA has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, ELA did better than 96% of all other stocks. On top of that, ELA also shows a nice and consistent pattern of rising prices.
- ELA is one of the better performing stocks in the Specialty Retail industry, it outperforms 97% of 123 stocks in the same industry.
- ELA is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so ELA is leading the market.
- In the last month ELA has a been trading in the 11.59 - 18.29 range, which is quite wide. It is currently trading near the high of this range.
- Considerably lower volume is observed in the last couple of days.
ELA Weekly and Daily overview Charts
ELA Setup Rating and Analysis
Although ELA has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
ELA Support and Resistance Analysis
11.58
When analyzing the support we can see 4 important areas.
- Support @16.66 from a horizontal line in the daily time frame.
- Support @12.56 from a trend line in the weekly time frame.
- Support @12.04 from a trend line in the daily time frame.
- Support @11.70 from a horizontal line in the daily time frame.
ELA 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 | UP | POSITIVE | The long term trend for ELA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ELA is up. |
| ChartMill Relative Strength | 96.15 | POSITIVE | ELA has a high relative strength, it outperformed 96.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ELA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ELA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ELA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.3 | NEUTRAL | The RSI value for ELA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests ELA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.63 | OVERBOUGHT | The high Stochastics value suggests ELA may be overbought. |
| Average True Range in percent/ATR (20) | 6.73 | HIGH VOLATILITY | The high ATR as a percentage value for ELA suggests high volalility. |
| Average Directional Index/ADX (14) | 30.91 | POSITIVE | The high ADX value value for ELA suggests a strong trend. |
ELA Chart- and CandleStick Pattern Analysis
ELA Technicals: Chart, Performance Metrics, Trend & Indicators
17.5
+0.28 (+1.63%)
ENVELA CORP / ELA TA FAQ
What is the technical rating for ELA stock?
ChartMill assigns a technical rating of 10 / 10 to ELA.
Can you provide the trend direction for ENVELA CORP?
The current trend direction for ENVELA CORP (ELA) is Bullish.
What is the RSI signal for ENVELA CORP (ELA) stock?
ENVELA CORP (ELA) has an RSI value of 69.2965. This indicates that the stock is currently neutral.
What is the short term momentum for ENVELA CORP (ELA) stock?
The short term momentum for ENVELA CORP (ELA) is positive.
Can you provide the support and resistance levels for ENVELA CORP?
ENVELA CORP (ELA) has a support level at 16.66. Check the full technical report for our detailed analysis of ELA support and resistance levels.