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 97% of all other stocks. On top of that, ELA also shows a nice and consistent pattern of rising prices.
- ELA is part of the Specialty Retail industry. There are 123 other stocks in this industry. ELA outperforms 96% of them.
- 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.
ELA Weekly and Daily overview Charts
ELA Setup Rating and Analysis
Although ELA has an excellent technical rating, it does not present a decent entry opportunity 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
We found 1 important support area.
- A support zone ranging from 11.70 to 11.88. This zone is formed by a combination of multiple trend lines 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 | 97.09 | POSITIVE | ELA has a high relative strength, it outperformed 97.09% 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) | 68 | NEUTRAL | The RSI value for ELA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.49 | POSITIVE | The MACD value suggests ELA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.82 | OVERBOUGHT | The high Stochastics value suggests ELA may be overbought. |
| Average True Range in percent/ATR (20) | 7.09 | HIGH VOLATILITY | The high ATR as a percentage value for ELA suggests high volalility. |
| Average Directional Index/ADX (14) | 29.63 | 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
16.96
-0.49 (-2.81%)
ENVELA CORP / ELA TA FAQ
What is the technical rating for ELA stock?
ChartMill assigns a technical rating of 10 / 10 to ELA.
What is the trend direction for 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 68.0017. This indicates that the stock is currently neutral.
What is the MACD signal for ELA stock?
The MACD indicator for ENVELA CORP (ELA) has a value of 0.492856, indicating a bearish trend.
Can you provide the support and resistance levels for ENVELA CORP?
ENVELA CORP (ELA) has a support level at 11.88. Check the full technical report for our detailed analysis of ELA support and resistance levels.