ELANCO ANIMAL HEALTH INC (ELAN) Stock Technical Analysis
NYSE:ELAN - New York Stock Exchange, Inc. - US28414H1032 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to ELAN. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ELAN is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
ELAN is part of the Pharmaceuticals industry. There are 194 other stocks in this industry. ELAN outperforms 81% of them.
ELAN 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 ELAN is lagging the market slightly.
ELAN is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
ELAN has an average volume of 5244810 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, ELAN did better than 88% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
ELAN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 14.93. Right above this resistance zone may be a good entry point.
More info and screens
13.19
15.20
2 important support areas can be observed.
- Support @14.26 from a trend line in the daily time frame.
- A support zone ranging from 13.32 to 13.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 14.93 to 15.05. 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 ELAN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ELAN is up. |
| ChartMill Relative Strength | 88.59 | POSITIVE | ELAN has a high relative strength, it outperformed 88.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ELAN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ELAN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ELAN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.42 | NEUTRAL | The RSI value for ELAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests ELAN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 62.71 | NEUTRAL | The Stochastics value for ELAN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.46 | MEDIUM VOLATILITY | The ATR as a percentage value for ELAN suggests some volalility. |
| Average Directional Index/ADX (14) | 30.41 | POSITIVE | The high ADX value value for ELAN 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)
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 |
|---|---|---|---|
| 15.06 | 14.37 | 0.70 (4.61%) | 21.67% |
| An entry @15.06. This is a Buy Stop order right above the resistance zone. | An exit @14.37. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.70 points, which is 4.61%. | When investing 21.67% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
14.92
+0.23 (+1.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg1.57%
1 Week0.95%
2 Weeks0.13%
1 Month4.34%
3 Month57.72%
6 Month23.51%
12 Month15.66%
2 Year23.61%
3 Year-26.36%
5 Year-36.86%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.36
ATR(20)%2.46%
ATR Inc21.25%
Range Today0.35
ADR(20)0.35
ADR(20)%2.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.59
Mansfield0.8
10 Day High15.18
10 Day Low14.38
20 Day High15.18
20 Day Low14.01
52 Week High15.78
52 Week Low8.02
CS1 End14.26
CR1 Start14.93
Volume & EV
DER(3)-1.78%
DER(5)-0.96%
Volume4.61M
Volume Incr-4.1%
Vol(5)4.45M
Vol(50)5.24M