EDGELAB SPA (ELB.MI) Stock Technical Analysis
Europe • Euronext Milan • BIT:ELB • IT0005627762
Taking everything into account, ELB scores 3 out of 10 in our technical rating. ELB performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
- 100% of all other stocks performed better in the past year than ELB.
- ELB is one of the lesser performing stocks in the Electronic Equipment, Instruments & Components industry. 86% of 54 stocks in the same industry do better.
- The long and short term trends are both positive. This is looking good!
- In the last month ELB has a been trading in the 3.92 - 7.32 range, which is quite wide. It is currently trading near the high of this range.
The technical rating of ELB is bad and it also does not present a quality setup 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
6.26
When analyzing the resistance we notice one important area.
- Resistance @6.99 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 ELB.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ELB.MI is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | ELB.MI has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Relative Strength Index/RSI (14) | 52.43 | NEUTRAL | The RSI value for ELB.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests ELB.MI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 47.25 | NEUTRAL | The Stochastics value for ELB.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 10.21 | HIGH VOLATILITY | The high ATR as a percentage value for ELB.MI suggests high volalility. |
| Average Directional Index/ADX (14) | 26.59 | POSITIVE | The high ADX value value for ELB.MI suggests a strong trend. |
BIT:ELB (1/2/2026, 7:00:00 PM)
6.32
+1.06 (+20.15%)
EDGELAB SPA / ELB.MI FAQ
What is the ChartMill technical rating of EDGELAB SPA (ELB.MI) stock?
ChartMill assigns a technical rating of 3 / 10 to ELB.MI.
Can you provide the trend direction for EDGELAB SPA?
The current trend direction for EDGELAB SPA (ELB.MI) is Bullish.
What is the RSI signal for EDGELAB SPA (ELB.MI) stock?
EDGELAB SPA (ELB.MI) has an RSI value of 52.4291. This indicates that the stock is currently neutral.
Can you provide the short term momentum for EDGELAB SPA?
The short term momentum for EDGELAB SPA (ELB.MI) is positive.
What is the support and resistance level for ELB stock?
EDGELAB SPA (ELB.MI) has a resistance level at 6.99. Check the full technical report for our detailed analysis of ELB.MI support and resistance levels.