ELANCO ANIMAL HEALTH INC (ELAN) Stock Technical Analysis
NYSE:ELAN • US28414H1032
We assign a technical rating of 10 out of 10 to ELAN. Both in the recent history as in the last year, ELAN has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, ELAN did better than 95% 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 part of the Pharmaceuticals industry. There are 191 other stocks in this industry. ELAN outperforms 86% of them.
- ELAN is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- ELAN has an average volume of 5170920 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month ELAN has a been trading in the 23.67 - 26.07 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ELAN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 25.12, a Stop Loss order could be placed below this zone.
More info and screens
23.53
We found 2 important support areas.
- A support zone ranging from 24.65 to 25.12. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 23.77 to 24.08. 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 | 95.1 | POSITIVE | ELAN has a high relative strength, it outperformed 95.1% 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) | 57.48 | NEUTRAL | The RSI value for ELAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ELAN has a negative trend. |
| Stochastics (14,3) | 61.32 | NEUTRAL | The Stochastics value for ELAN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.04 | MEDIUM VOLATILITY | The ATR as a percentage value for ELAN suggests some volalility. |
| Average Directional Index/ADX (14) | 21.39 | NEUTRAL | The ADX value for ELAN suggests a possible start of a new 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 |
|---|---|---|---|
| 26.09 | 24.64 | 1.45 (5.54%) | 18.05% |
| An entry @26.09. This is a Buy Stop order right above the 10 day high. | An exit @24.64. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.45 points, which is 5.54%. | For a 1.00% total portfolio risk, you can invest 18.05% of your capital in this trade. |
- 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.
25.13
+0.34 (+1.37%)
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 10 / 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 57.478. 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 -0.000872933, indicating a bearish trend.
What is the short term momentum for ELAN stock?
The short term momentum for ELANCO ANIMAL HEALTH INC (ELAN) is positive.