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 5 out of 10. In the last year, ELAN was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
- In the last month ELAN has a been trading in the 22.10 - 25.68 range, which is quite wide. It is currently trading near the lows of this range.
- 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 part of the Pharmaceuticals industry. There are 192 other stocks in this industry. ELAN outperforms 83% of them.
- 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 5033020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
ELAN Weekly and Daily overview Charts
ELAN Setup Rating and Analysis
ELAN has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 22.81, a Stop Loss order could be placed below this zone.
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 22.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 23.89 to 23.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @25.03 from a trend line 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 | DOWN | NEGATIVE | The short term trend for ELAN is down. |
| ChartMill Relative Strength | 94.89 | POSITIVE | ELAN has a high relative strength, it outperformed 94.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ELAN is below a declining 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) | 41.5 | NEUTRAL | The RSI value for ELAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests ELAN has a negative trend. |
| Stochastics (14,3) | 22.99 | NEUTRAL | The Stochastics value for ELAN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.63 | MEDIUM VOLATILITY | The ATR as a percentage value for ELAN suggests some volalility. |
| Average Directional Index/ADX (14) | 14.67 | NEGATIVE | The low ADX value for ELAN suggests a weak or negative trend. |
ELAN Chart- and CandleStick Pattern Analysis
ELAN Technicals: Chart, Performance Metrics, Trend & Indicators
22.82
-0.26 (-1.13%)
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 5 / 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 41.5014. 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 -0.15229, indicating a bearish trend.
What is the support and resistance level for ELAN stock?
ELANCO ANIMAL HEALTH INC (ELAN) has a support level at 22.81 and a resistance level at 23.89. Check the full technical report for our detailed analysis of ELAN support and resistance levels.