Taking everything into account, ELA scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ELA is showing a nice and steady performance.
Besides having an excellent technical rating, ELA also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
5.30
We found 4 important support areas.
- Support @12.22 from a trend line in the daily time frame.
- Support @11.69 from a horizontal line in the daily time frame.
- Support @9.56 from a trend line in the daily time frame.
- Support @5.35 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 12.51 to 12.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | 95.13 | POSITIVE | ELA has a high relative strength, it outperformed 95.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ELA is below 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) | 52.79 | NEUTRAL | The RSI value for ELA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests ELA has a negative trend. |
| Stochastics (14,3) | 32.57 | NEUTRAL | The Stochastics value for ELA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.23 | HIGH VOLATILITY | The high ATR as a percentage value for ELA suggests high volalility. |
| Average Directional Index/ADX (14) | 45.07 | POSITIVE | The high ADX value value for ELA suggests a strong trend. |
12.5
-0.48 (-3.7%)
ENVELA CORP / ELA FAQ
What is the technical rating for ELA stock?
ChartMill assigns a technical rating of 10 / 10 to ELA.
What is the current trend direction of ENVELA CORP (ELA) stock?
The current trend direction for ENVELA CORP (ELA) is Bullish.
What is the RSI signal for ELA stock?
ENVELA CORP (ELA) has an RSI value of 52.7893. This indicates that the stock is currently neutral.
What is the MACD signal for ENVELA CORP (ELA) stock?
The MACD indicator for ENVELA CORP (ELA) has a value of -0.114729, indicating a bearish trend.
What is the short term momentum for ENVELA CORP (ELA) stock?
The short term momentum for ENVELA CORP (ELA) is positive.