ELECTRA BATTERY MATERIALS CO (ELBM.CA) Stock Technical Analysis
TSX-V:ELBM - TSX Venture Exchange - CA28474P7065 - Common Stock - Currency: CAD
Taking everything into account, ELBM scores 0 out of 10 in our technical rating. ELBM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, ELBM is a bad performer in the overall market: 95% of all stocks are doing better.
ELBM is part of the Metals & Mining industry. There are 805 other stocks in this industry, of which 86% are performing better than ELBM.
ELBM is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so ELBM is lagging the market.
Warning: ELBM has an average volume of 28180 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month ELBM has a been trading in the 1.33 - 1.51 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ELBM has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 1.40, a Stop Loss order could be placed below this zone.
More info and screens
1.36
2.31
When analyzing the support we notice one important area.
- A support zone ranging from 1.37 to 1.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 1.41 to 1.41. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 1.59 to 1.60. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Resistance @2.29 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 | DOWN | NEGATIVE | The long term trend for ELBM.CA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ELBM.CA is neutral. |
| ChartMill Relative Strength | 5.73 | NEGATIVE | ELBM.CA has a low relative strength, it was outperformed by 94.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ELBM.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ELBM.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ELBM.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.03 | NEUTRAL | The RSI value for ELBM.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ELBM.CA has a positive trend. |
| Stochastics (14,3) | 27.78 | NEUTRAL | The Stochastics value for ELBM.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.61 | MEDIUM VOLATILITY | The ATR as a percentage value for ELBM.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 12.26 | NEGATIVE | The low ADX value for ELBM.CA suggests a weak or negative 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)
TSX-V:ELBM (6/5/2025, 7:00:00 PM)
1.4
+0.02 (+1.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.45%
1 Week0%
2 Weeks-4.76%
1 Month-4.76%
3 Month-34.88%
6 Month-46.15%
12 Month-44.44%
2 Year-72.66%
3 Year-90.28%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%3.61%
ATR Inc16.67%
Range Today0.05
ADR(20)0.05
ADR(20)%3.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.73
Mansfield-4.23
10 Day High1.48
10 Day Low1.33
20 Day High1.51
20 Day Low1.33
52 Week High3.8
52 Week Low1.26
CS1 End1.4
CR1 Start1.41
Volume & EV
DER(3)-1.59%
DER(5)-2.64%
Volume22.68K
Volume Incr56.15%
Vol(5)21.12K
Vol(50)28.18K