ELECTRA BATTERY MATERIALS CO (ELBM) Stock Technical Analysis
USA - NASDAQ:ELBM - CA28474P7065 - Common Stock
Overall ELBM gets a technical rating of 1 out of 10. 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 technical rating of ELBM 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
0.93
We found 1 important support area.
- Support @0.94 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @1.10 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 | NEUTRAL | NEUTRAL | The long term trend for ELBM is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ELBM is down. |
| ChartMill Relative Strength | 7.59 | NEGATIVE | ELBM has a low relative strength, it was outperformed by 92.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ELBM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ELBM is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ELBM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.49 | NEUTRAL | The RSI value for ELBM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests ELBM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 6.22 | OVERSOLD | The low Stochastics value suggests ELBM may be oversold. |
| Average True Range in percent/ATR (20) | 86.27 | HIGH VOLATILITY | The high ATR as a percentage value for ELBM suggests high volalility. |
| Average Directional Index/ADX (14) | 35.17 | POSITIVE | The high ADX value value for ELBM suggests a strong trend. |
1.04
+0.09 (+9.67%)
ELECTRA BATTERY MATERIALS CO / ELBM FAQ
What is the technical rating for ELBM stock?
ChartMill assigns a technical rating of 1 / 10 to ELBM.
What is the trend direction for ELBM stock?
The current trend direction for ELECTRA BATTERY MATERIALS CO (ELBM) is Bearish.
What is the RSI signal for ELECTRA BATTERY MATERIALS CO (ELBM) stock?
ELECTRA BATTERY MATERIALS CO (ELBM) has an RSI value of 44.4887. This indicates that the stock is currently neutral.
What are the support and resistance levels for ELECTRA BATTERY MATERIALS CO (ELBM) stock?
ELECTRA BATTERY MATERIALS CO (ELBM) has a support level at 0.94 and a resistance level at 1.1. Check the full technical report for our detailed analysis of ELBM support and resistance levels.