ENVELA CORP (ELA) Stock Technical Analysis
NYSEARCA:ELA - NYSE Arca - US29402E1029 - Common Stock - Currency: USD
Overall ELA gets a technical rating of 1 out of 10. 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.
In the last month ELA has a been trading in the 5.33 - 6.80 range, which is quite wide. It is currently trading near the lows of this range.
Warning: ELA has an average volume of 22878 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
When compared to the yearly performance of all other stocks, ELA outperforms 68% of them, which is more or less in line with the market.
ELA is part of the Specialty Retail industry. There are 120 other stocks in this industry, ELA did better than 69% 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.
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
We found 2 important support areas.
- 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.
4 important resistance areas can be observed.
- A resistance zone ranging from 5.64 to 5.68. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 6.14 to 6.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 6.71 to 6.76. 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 | 68.51 | NEUTRAL | ELA is not amongst the best or worst performers 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) | 37.22 | NEUTRAL | The RSI value for ELA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests ELA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.18 | OVERSOLD | The low Stochastics value suggests ELA may be oversold. |
| Average True Range in percent/ATR (20) | 5.51 | HIGH VOLATILITY | The high ATR as a percentage value for ELA suggests high volalility. |
| Average Directional Index/ADX (14) | 27.33 | 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)
5.63
-0.01 (-0.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg-0.18%
1 Week-2.93%
2 Weeks-10.49%
1 Month-12.44%
3 Month-5.06%
6 Month-20.03%
12 Month20.56%
2 Year-23.51%
3 Year-21.04%
5 Year-7.7%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.28
ATR(20)%5.51%
ATR Inc-24.54%
Range Today0.19
ADR(20)0.31
ADR(20)%5.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.51
Mansfield-0.95
10 Day High6.4
10 Day Low5.33
20 Day High6.81
20 Day Low5.33
52 Week High7.88
52 Week Low4.2
CS1 End5.48
CR1 Start5.64
Volume & EV
DER(3)5.25%
DER(5)3.04%
Volume48.00K
Volume Incr106.35%
Vol(5)45.18K
Vol(50)22.88K