ELANCO ANIMAL HEALTH INC (ELAN) Stock Technical Analysis
NYSE:ELAN • US28414H1032
Overall ELAN gets a technical rating of 10 out of 10. 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 term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- 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. 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 193 stocks in the same industry.
- ELAN is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ELAN is performing more or less in line with the market.
- ELAN has an average volume of 4894750 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 23.53 - 27.72 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although ELAN has an excellent technical rating, the quality of the presented setup is not ideal 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.
More info and screens
22.74
When analyzing the support we can see 2 important areas.
- A support zone ranging from 24.08 to 24.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.97 from a trend line in the daily time frame.
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 | 94.34 | POSITIVE | ELAN has a high relative strength, it outperformed 94.34% 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) | 48.37 | NEUTRAL | The RSI value for ELAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ELAN has a negative trend. |
| Stochastics (14,3) | 53.94 | NEUTRAL | The Stochastics value for ELAN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.92 | MEDIUM VOLATILITY | The ATR as a percentage value for ELAN suggests some volalility. |
| Average Directional Index/ADX (14) | 19.68 | 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 |
|---|---|---|---|
| 25.66 | 24.07 | 1.59 (6.19%) | 16.15% |
| An entry @25.66. This is a Buy Stop order right above the 10 day moving average. | An exit @24.07. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.59 points, which is 6.19%. | When investing 16.15% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
24.88
-1.21 (-4.64%)
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 48.3696. 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 -0.0288164, indicating a bearish trend.
What is the short term momentum for ELAN stock?
The short term momentum for ELANCO ANIMAL HEALTH INC (ELAN) is neutral.