ELANCO ANIMAL HEALTH INC (ELAN) Stock Technical Analysis
USA - NYSE:ELAN - US28414H1032 - Common Stock
Taking everything into account, ELAN scores 9 out of 10 in our technical rating. 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.
ELAN has an excellent technical rating, but 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.
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18.59
When analyzing the support we can see 2 important areas.
- A support zone ranging from 21.46 to 21.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 18.78 to 19.03. 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 | NEUTRAL | NEUTRAL | The short term trend for ELAN is neutral. |
| ChartMill Relative Strength | 91.53 | POSITIVE | ELAN has a high relative strength, it outperformed 91.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ELAN is below 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) | 53.23 | NEUTRAL | The RSI value for ELAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests ELAN has a negative trend. |
| Stochastics (14,3) | 52.41 | NEUTRAL | The Stochastics value for ELAN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.33 | MEDIUM VOLATILITY | The ATR as a percentage value for ELAN suggests some volalility. |
| Average Directional Index/ADX (14) | 30.88 | POSITIVE | The high ADX value value for ELAN suggests a strong 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 |
|---|---|---|---|
| 22.23 | 21.45 | 0.78 (3.52%) | 25.00% |
| An entry @22.23. This is a Buy Stop order right above the 10 day moving average. | An exit @21.45. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.78 points, which is 3.52%. | For a 0.88% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ELAN. 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.
21.52
-0.08 (-0.37%)
ELANCO ANIMAL HEALTH INC / ELAN FAQ
What is the ChartMill technical rating of ELANCO ANIMAL HEALTH INC (ELAN) stock?
ChartMill assigns a technical rating of 9 / 10 to ELAN.
What is the trend direction for ELAN stock?
The current trend direction for ELANCO ANIMAL HEALTH INC (ELAN) is Bullish.
What is the RSI signal for ELAN stock?
ELANCO ANIMAL HEALTH INC (ELAN) has an RSI value of 53.225. This indicates that the stock is currently neutral.
What is the MACD signal for ELANCO ANIMAL HEALTH INC (ELAN) stock?
The MACD indicator for ELANCO ANIMAL HEALTH INC (ELAN) has a value of -0.12299, indicating a bearish trend.
Can you provide the short term momentum for ELANCO ANIMAL HEALTH INC?
The short term momentum for ELANCO ANIMAL HEALTH INC (ELAN) is neutral.