ELANCO ANIMAL HEALTH INC (ELAN) Technical Analysis
NYSE:ELAN • US28414H1032
Current stock price
ELAN Technical Rating and Analysis
Overall ELAN gets a technical rating of 4 out of 10. Although ELAN is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month ELAN has a been trading in the 21.76 - 24.77 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, ELAN did better than 92% of all other stocks. We also observe that the gains produced by ELAN over the past year are nicely spread over this period.
- ELAN is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 83% of 191 stocks in the same industry.
- 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 has an average volume of 5031490 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
ELAN Weekly and Daily overview Charts
ELAN Setup Rating and Analysis
Although the technical rating is only medium, ELAN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 22.74, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ELAN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
ELAN Support and Resistance Analysis
22.17
We found 1 important support area.
- A support zone ranging from 22.39 to 22.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 22.85 to 23.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 24.09 to 24.12. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @25.50 from a horizontal line in the daily time frame.
ELAN Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for ELAN is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ELAN is down. |
| ChartMill Relative Strength | 92.72 | POSITIVE | ELAN has a high relative strength, it outperformed 92.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ELAN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ELAN is below a declining 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) | 43.92 | NEUTRAL | The RSI value for ELAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests ELAN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.42 | NEUTRAL | The Stochastics value for ELAN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.22 | MEDIUM VOLATILITY | The ATR as a percentage value for ELAN suggests some volalility. |
| Average Directional Index/ADX (14) | 16.05 | NEGATIVE | The low ADX value for ELAN suggests a weak or negative trend. |
ELAN Chart- and CandleStick Pattern Analysis
ELAN Technicals: Chart, Performance Metrics, Trend & Indicators
22.75
+0.36 (+1.61%)
ELANCO ANIMAL HEALTH INC / ELAN TA FAQ
What is the ChartMill technical rating of ELANCO ANIMAL HEALTH INC (ELAN) stock?
ChartMill assigns a technical rating of 4 / 10 to ELAN.
What is the current trend direction of ELANCO ANIMAL HEALTH INC (ELAN) stock?
The current trend direction for ELANCO ANIMAL HEALTH INC (ELAN) is Bearish.
What is the RSI signal for ELANCO ANIMAL HEALTH INC (ELAN) stock?
ELANCO ANIMAL HEALTH INC (ELAN) has an RSI value of 43.9184. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ELANCO ANIMAL HEALTH INC?
The MACD indicator for ELANCO ANIMAL HEALTH INC (ELAN) has a value of -0.0651004, indicating a bearish trend.
What is the support and resistance level for ELAN stock?
ELANCO ANIMAL HEALTH INC (ELAN) has a support level at 22.74 and a resistance level at 22.85. Check the full technical report for our detailed analysis of ELAN support and resistance levels.