We assign a technical rating of 10 out of 10 to ELA. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that ELA is one of the better performing stocks in the market, outperforming 95% of all stocks. We also observe that the gains produced by ELA over the past year are nicely spread over this period.
- ELA is one of the better performing stocks in the Specialty Retail industry, it outperforms 97% of 122 stocks in the same industry.
- ELA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ELA is lagging the market slightly.
- In the last month ELA has a been trading in the 11.00 - 14.75 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ELA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 14.57. Right above this resistance zone may be a good entry point.
More info and screens
5.30
We found 5 important support areas.
- Support @13.15 from a trend line in the daily time frame.
- A support zone ranging from 12.26 to 12.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.98 from a horizontal line in the weekly time frame.
- Support @11.69 from a horizontal 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 14.57 to 14.58. This zone is formed by a combination of multiple trend lines 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 | 95.14 | POSITIVE | ELA has a high relative strength, it outperformed 95.14% 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) | 53.22 | NEUTRAL | The RSI value for ELA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests ELA has a negative trend. |
| Stochastics (14,3) | 71.87 | NEUTRAL | The Stochastics value for ELA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.44 | HIGH VOLATILITY | The high ATR as a percentage value for ELA suggests high volalility. |
| Average Directional Index/ADX (14) | 22.18 | NEUTRAL | The ADX value for ELA suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 14.59 | 13.14 | 1.45 (9.94%) | 10.06% |
| An entry @14.59. This is a Buy Stop order right above the resistance zone. | An exit @13.14. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.45 points, which is 9.94%. | When investing 10.06% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of ELA. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
13.72
+0.05 (+0.37%)
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 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 53.2185. 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 -0.0422801, indicating a bearish trend.
Can you provide the support and resistance levels for ENVELA CORP?
ENVELA CORP (ELA) has a support level at 13.15 and a resistance level at 14.57. Check the full technical report for our detailed analysis of ELA support and resistance levels.