ELANCO ANIMAL HEALTH INC (ELAN)       13.2  +0.01 (+0.08%)

13.2  +0.01 (+0.08%)

US28414H1032 - Common Stock - After market: 13.2 0 (0%)

Technical Rating

2

We assign a technical rating of 2 out of 10 to ELAN. Recently some decent action could be observed, but in the medium term time frame this is still negative. ELAN was also a bad performer in the overall market in the last year.



ELAN has an average volume of 6962960 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
ELAN is an average performer in the Pharmaceuticals industry, it outperforms 44% of 256 stocks in the same industry.
In the last month ELAN has a been trading in the 11.71 - 13.84 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
When comparing the yearly performance of all stocks, ELAN is a bad performer in the overall market: 83% of all stocks are doing better.
ELAN is currently trading near the lower end of its 52 week range, which is not a good sign. ELAN is lagging the S&P500 Index which is trading in the middle of its 52 week range.

Statistics

1 Month 3 Months 6 Months 12 Months 2.64% -14.12% -45.43% -53.14% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 17.73 11.335 - 29.755
ELAN Weekly chart
ELAN Daily chart

Support/Resistance Analysis


11.62

14.00
2 important support areas can be observed.
  • A support zone ranging from 12.49 to 12.61. 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 11.74 to 11.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
  • A resistance zone ranging from 13.52 to 13.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

Setup Analysis

Setup Rating

3

The technical rating of ELAN is bad and it also does not present a quality setup 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.


ELAN Daily chart

ELANCO ANIMAL HEALTH INC13.2

NYSE:ELAN (12/2/2022, 7:04:00 PM)+0.01 (+0.08%)

After market: 13.2 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Health Care
GICS Industry Pharmaceuticals
Performance
Today 0.08% 1 Week 5.01%
2 Weeks 11.49% 1 Month 2.64%
3 Month -14.12% 6 Month -45.43%
Volatility
ATR(14) 0.52 ATR(20)% 5.14%
ATR Inc -21.88% Range Today 0.5
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 17.73 Mansfield -3.59
10 Day High 13.34 10 Day Low 11.72
20 Day High 13.84 20 Day Low 11.72
52 Week High 29.76 52 Week Low 11.34
CS1 End 12.61 CR1 Start 13.52
Volume & EV
DER(3) 3.1% DER(5) 2.35%
Volume 4.90M Volume Incr -21.95%
Vol(5) 6.13M Vol(50) 6.96M

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