ENVELA CORP (ELA) Stock Technical Analysis
NYSEARCA:ELA - NYSE Arca - US29402E1029 - Common Stock - Currency: USD
Overall ELA gets a technical rating of 6 out of 10. Although ELA is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Warning: ELA has an average volume of 18758 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Looking at the yearly performance, ELA did better than 90% of all other stocks.
ELA is one of the better performing stocks in the Specialty Retail industry, it outperforms 90% of 121 stocks in the same industry.
ELA is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
In the last month ELA has a been trading in the 5.68 - 6.84 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, ELA does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
5.18
7.38
We found 5 important support areas.
- A support zone ranging from 6.34 to 6.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.11 to 6.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.90 from a horizontal line in the daily time frame.
- A support zone ranging from 5.46 to 5.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.23 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @6.67 from a horizontal line in the weekly time frame.
- Resistance @6.80 from a horizontal line in the daily time frame.
- Resistance @7.31 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.7
Mansfield1.34
10 Day High6.82
10 Day Low5.84
20 Day High6.84
20 Day Low5.68
52 Week High7.88
52 Week Low4.2
Performance
1 Week-3%
2 Weeks7.49%
1 Month-4.15%
3 Month-7.05%
6 Month23.75%
12 Month44.52%
2 Year-10.15%
3 Year21.89%
5 Year79.94%
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.02
RSI(14)53.23
LBB5.82
UBB6.9
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 6.68 | 6.33 | 0.35 (5.24%) | 19.09% |
| An entry @6.68. This is a Buy Stop order right above the resistance zone. | An exit @6.33. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.35 points, which is 5.24%. | When investing 19.09% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of ELA. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NYSEARCA:ELA (5/1/2025, 8:57:30 PM)
6.46
+0.09 (+1.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg1.41%
1 Week-3%
2 Weeks7.49%
1 Month-4.15%
3 Month-7.05%
6 Month23.75%
12 Month44.52%
2 Year-10.15%
3 Year21.89%
5 Year79.94%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.36
ATR(20)%6.29%
ATR Inc-3.35%
Range Today0.28
ADR(20)0.39
ADR(20)%6.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.7
Mansfield1.34
10 Day High6.82
10 Day Low5.84
20 Day High6.84
20 Day Low5.68
52 Week High7.88
52 Week Low4.2
CS1 End6.43
CR1 Start6.67
Volume & EV
DER(3)-2.41%
DER(5)-2.65%
Volume7.10K
Volume Incr-49.94%
Vol(5)10.68K
Vol(50)18.76K