ENVELA CORP (ELA) Stock Technical Analysis
NYSEARCA:ELA - NYSE Arca - US29402E1029 - Common Stock - Currency: USD
Taking everything into account, ELA scores 1 out of 10 in our technical rating. ELA has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
Warning: ELA has an average volume of 23646 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
When comparing the yearly performance of all stocks, we notice that ELA is one of the better performing stocks in the market, outperforming 77% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
ELA is an average performer in the Specialty Retail industry, it outperforms 68% of 120 stocks in the same industry.
ELA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ELA is lagging the market.
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.
Volume is considerably higher in the last couple of days.
The technical rating of ELA is bad and it also does not present a quality setup 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
5.18
7.04
3 important support areas can be observed.
- A support zone ranging from 5.62 to 5.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.48 from a trend line in the daily time frame.
- 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 6.29 to 6.30. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 6.68 to 6.75. 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 | DOWN | NEGATIVE | The short term trend for ELA is down. |
| ChartMill Relative Strength | 77.3 | POSITIVE | ELA has a high relative strength, it outperformed 77.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ELA is below 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) | 37.9 | NEUTRAL | The RSI value for ELA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests ELA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.02 | NEUTRAL | The Stochastics value for ELA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.39 | HIGH VOLATILITY | The high ATR as a percentage value for ELA suggests high volalility. |
| Average Directional Index/ADX (14) | 28.39 | 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)
NYSEARCA:ELA (6/10/2025, 10:46:39 AM)
5.834
+0.18 (+3.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg3.26%
1 Week-2.75%
2 Weeks-9.6%
1 Month-14.39%
3 Month2.91%
6 Month-23.65%
12 Month23.36%
2 Year-23.23%
3 Year-20.76%
5 Year-7.38%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.27
ATR(20)%5.39%
ATR Inc-29.3%
Range Today0.26
ADR(20)0.3
ADR(20)%5.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.3
Mansfield-0.94
10 Day High6.32
10 Day Low5.33
20 Day High6.81
20 Day Low5.33
52 Week High7.88
52 Week Low4.2
CS1 End5.62
CR1 Start6.29
Volume & EV
DER(3)-5.9%
DER(5)0.64%
Volume4.18K
Volume Incr137.37%
Vol(5)52.34K
Vol(50)23.65K