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 7 out of 10. ELAN was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- 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 one of the better performing stocks in the Pharmaceuticals industry, it outperforms 83% of 192 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 5079760 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 22.10 - 25.68 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ELAN Weekly and Daily overview Charts
ELAN Setup Rating and Analysis
ELAN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 22.96, 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
22.45
We found 1 important support area.
- A support zone ranging from 22.68 to 22.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 23.25 to 23.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 24.43 to 24.76. 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 | 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 | 94.51 | POSITIVE | ELAN has a high relative strength, it outperformed 94.51% 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) | 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) | 44.44 | NEUTRAL | The RSI value for ELAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests ELAN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.22 | NEUTRAL | The Stochastics value for ELAN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.78 | MEDIUM VOLATILITY | The ATR as a percentage value for ELAN suggests some volalility. |
| Average Directional Index/ADX (14) | 14.37 | NEGATIVE | The low ADX value for ELAN suggests a weak or negative trend. |
ELAN Chart- and CandleStick Pattern Analysis
ELAN Example Setup
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 |
|---|---|---|---|
| 23.88 | 22.67 | 1.21 (5.07%) | 19.74% |
| An entry @23.88. This is a Buy Stop order right above the resistance zone. | An exit @22.67. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.21 points, which is 5.07%. | For a 1.00% total portfolio risk, you can invest 19.74% 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.
ELAN Technicals: Chart, Performance Metrics, Trend & Indicators
23.13
-0.33 (-1.41%)
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 7 / 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 Bullish.
What is the RSI signal for ELANCO ANIMAL HEALTH INC (ELAN) stock?
ELANCO ANIMAL HEALTH INC (ELAN) has an RSI value of 44.4374. 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 -0.0597315, indicating a bearish trend.
What is the support and resistance level for ELAN stock?
ELANCO ANIMAL HEALTH INC (ELAN) has a support level at 22.96 and a resistance level at 23.25. Check the full technical report for our detailed analysis of ELAN support and resistance levels.