Overall ELA gets a technical rating of 10 out of 10. 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.
Although ELA has an excellent technical rating, the quality of the presented setup is not ideal 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
5.24
We found 4 important support areas.
- Support @12.05 from a trend line in the daily time frame.
- Support @11.69 from a horizontal line in the daily time frame.
- Support @9.48 from a trend line in the daily time frame.
- A support zone ranging from 5.29 to 5.35. 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 | 95.31 | POSITIVE | ELA has a high relative strength, it outperformed 95.31% 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) | 55.1 | NEUTRAL | The RSI value for ELA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests ELA has a negative trend. |
| Stochastics (14,3) | 54.99 | NEUTRAL | The Stochastics value for ELA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.15 | HIGH VOLATILITY | The high ATR as a percentage value for ELA suggests high volalility. |
| Average Directional Index/ADX (14) | 46.06 | POSITIVE | The high ADX value value for ELA suggests a strong trend. |
12.71
-0.52 (-3.93%)
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 current trend direction of ENVELA CORP (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 55.1036. This indicates that the stock is currently neutral.
What is the MACD signal for ENVELA CORP (ELA) stock?
The MACD indicator for ENVELA CORP (ELA) has a value of -0.0456365, indicating a bearish trend.
What is the short term momentum for ENVELA CORP (ELA) stock?
The short term momentum for ENVELA CORP (ELA) is positive.