ELANCO ANIMAL HEALTH INC (ELAN) Stock Technical Analysis
USA • New York Stock Exchange • 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 93% 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 one of the better performing stocks in the Pharmaceuticals industry, it outperforms 85% of 191 stocks in the same industry.
- 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 is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
- ELAN has an average volume of 5106790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ELAN has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 24.07, a Stop Loss order could be placed below this zone.
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20.88
We found 4 important support areas.
- A support zone ranging from 23.99 to 24.07. 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 22.72 to 23.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.02 from a trend line in the daily time frame.
- Support @21.09 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 24.40 to 24.91. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 93.7 | POSITIVE | ELAN has a high relative strength, it outperformed 93.7% 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) | 54.69 | NEUTRAL | The RSI value for ELAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests ELAN has a negative trend. |
| Stochastics (14,3) | 49.85 | NEUTRAL | The Stochastics value for ELAN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.01 | MEDIUM VOLATILITY | The ATR as a percentage value for ELAN suggests some volalility. |
| Average Directional Index/ADX (14) | 13.12 | NEGATIVE | The low ADX value for ELAN suggests a weak or negative 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 |
|---|---|---|---|
| 24.92 | 23.98 | 0.94 (3.77%) | 25.00% |
| An entry @24.92. This is a Buy Stop order right above the resistance zone. | An exit @23.98. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.94 points, which is 3.77%. | For a 0.94% 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.
24.08
-0.12 (-0.5%)
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 54.6873. 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 -0.0750103, 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.