ELANCO ANIMAL HEALTH INC (ELAN) Technical Analysis
NYSE:ELAN • US28414H1032
Current stock price
ELAN Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to ELAN. In the last year, ELAN was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
- In the last month ELAN has a been trading in the 22.42 - 27.72 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that ELAN is one of the better performing stocks in the market, outperforming 94% of all stocks. On top of that, ELAN also shows a nice and consistent pattern of rising prices.
- ELAN is part of the Pharmaceuticals industry. There are 193 other stocks in this industry. ELAN outperforms 84% of them.
- ELAN is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ELAN is performing more or less in line with the market.
- ELAN has an average volume of 4537070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
ELAN Weekly and Daily overview Charts
ELAN Setup Rating and Analysis
ELAN has an average technical rating and also the quality of the setup is only medium 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
ELAN Support and Resistance Analysis
21.27
When analyzing the support we can see 2 important areas.
- A support zone ranging from 22.68 to 22.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @21.48 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 23.77 to 23.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | UP | POSITIVE | The long term trend for ELAN is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ELAN is down. |
| ChartMill Relative Strength | 94.49 | POSITIVE | ELAN has a high relative strength, it outperformed 94.49% 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) | UP | MIXED | The current price of ELAN is below 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) | 38.28 | NEUTRAL | The RSI value for ELAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.34 | NEGATIVE | The MACD value suggests ELAN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.79 | OVERSOLD | The low Stochastics value suggests ELAN may be oversold. |
| Average True Range in percent/ATR (20) | 4.16 | MEDIUM VOLATILITY | The ATR as a percentage value for ELAN suggests some volalility. |
| Average Directional Index/ADX (14) | 18.37 | 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
22.94
+0.26 (+1.15%)
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 6 / 10 to ELAN.
Can you provide the trend direction for ELANCO ANIMAL HEALTH INC?
The current trend direction for ELANCO ANIMAL HEALTH INC (ELAN) is Bullish.
Can you provide the RSI signal for ELANCO ANIMAL HEALTH INC?
ELANCO ANIMAL HEALTH INC (ELAN) has an RSI value of 38.2815. This indicates that the stock is currently neutral.
What is the MACD signal for ELAN stock?
The MACD indicator for ELANCO ANIMAL HEALTH INC (ELAN) has a value of -0.336113, indicating a bearish trend.
What is the short term momentum for ELAN stock?
The short term momentum for ELANCO ANIMAL HEALTH INC (ELAN) is negative.