ENVELA CORP (ELA) Stock Technical Analysis
NYSEARCA:ELA - NYSE Arca - US29402E1029 - Common Stock - Currency: USD
Overall ELA gets a technical rating of 3 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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
Warning: ELA has an average volume of 24192 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Looking at the yearly performance, ELA did better than 84% of all other stocks.
ELA is part of the Specialty Retail industry. There are 121 other stocks in this industry. ELA outperforms 78% of them.
ELA is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ELA is lagging the market slightly.
In the last month ELA has a been trading in the 5.33 - 6.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, ELA does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 5.96. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for ELA in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
5.18
7.04
2 important support areas can be observed.
- A support zone ranging from 5.74 to 5.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.23 to 5.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 5.96 to 6.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 6.65 to 6.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.97 from a horizontal line in the daily time frame.
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 ELA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ELA is neutral. |
| ChartMill Relative Strength | 84.59 | POSITIVE | ELA has a high relative strength, it outperformed 84.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ELA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ELA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ELA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.18 | NEUTRAL | The RSI value for ELA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ELA has a positive trend. |
| Stochastics (14,3) | 57.81 | NEUTRAL | The Stochastics value for ELA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.63 | MEDIUM VOLATILITY | The ATR as a percentage value for ELA suggests some volalility. |
| Average Directional Index/ADX (14) | 35.63 | POSITIVE | The high ADX value value for ELA suggests a strong trend. |
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)
5.95
+0.33 (+5.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg5.87%
1 Week-1.16%
2 Weeks8.58%
1 Month-10.79%
3 Month11.22%
6 Month-19.92%
12 Month25.53%
2 Year-19.16%
3 Year-16.55%
5 Year-2.46%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.28
ATR(20)%4.63%
ATR Inc90.61%
Range Today0.44
ADR(20)0.27
ADR(20)%4.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.59
Mansfield-0.45
10 Day High6.12
10 Day Low5.39
20 Day High6.81
20 Day Low5.33
52 Week High7.88
52 Week Low4.2
CS1 End5.8
CR1 Start5.96
Volume & EV
DER(3)4%
DER(5)1.51%
Volume24.30K
Volume Incr5.26%
Vol(5)28.00K
Vol(50)24.19K