ELANCO ANIMAL HEALTH INC (ELAN) Stock Technical Analysis
NYSE:ELAN - US28414H1032 - Common Stock
18.45 USD
-0.04 (-0.22%)
18.45 USD
0 (0%)
Overall ELAN gets a technical rating of 9 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.
Both the short term and long term trends are positive. This is a very positive sign.
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.
In the last month ELAN has a been trading in the 13.39 - 18.87 range, which is quite wide. It is currently trading near the high of this range.
ELAN has an average volume of 5944900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that ELAN is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this relatively good performance is mostly due to a recent big move.
ELAN is part of the Pharmaceuticals industry. There are 193 other stocks in this industry, ELAN did better than 69% of them.
Volume is considerably higher in the last couple of days.
Although ELAN has an excellent technical rating, it does not present a decent entry opportunity 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
13.20
18.63
When analyzing the support we can see 4 important areas.
- Support @17.46 from a horizontal line in the daily time frame.
- A support zone ranging from 15.22 to 15.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.12 from a trend line in the daily time frame.
- Support @13.33 from a horizontal 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 | UP | POSITIVE | The short term trend for ELAN is up. |
| ChartMill Relative Strength | 85.05 | POSITIVE | ELAN has a high relative strength, it outperformed 85.05% 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) | 74.63 | OVERBOUGHT | The high RSI value suggests ELAN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests ELAN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.89 | OVERBOUGHT | The high Stochastics value suggests ELAN may be overbought. |
| Average True Range in percent/ATR (20) | 2.99 | MEDIUM VOLATILITY | The ATR as a percentage value for ELAN suggests some volalility. |
| Average Directional Index/ADX (14) | 42.39 | POSITIVE | The high ADX value value for ELAN suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
18.45
-0.04 (-0.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-0.22%
1 Week5.49%
2 Weeks2.5%
1 Month34.87%
3 Month37.28%
6 Month65.17%
12 Month19.26%
2 Year51.23%
3 Year21.94%
5 Year-36.51%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.43
ATR(20)%2.99%
ATR Inc5.57%
Range Today0.25
ADR(20)0.43
ADR(20)%2.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.05
Mansfield3.05
10 Day High18.87
10 Day Low17.33
20 Day High18.87
20 Day Low13.39
52 Week High18.87
52 Week Low8.02
CS1 End17.46
CR1 StartN/A
Volume & EV
DER(3)-0.01%
DER(5)-0.37%
Volume12.74M
Volume Incr47.99%
Vol(5)9.71M
Vol(50)5.94M