ELECTRA BATTERY MATERIALS CO (ELBM) Stock Technical Analysis
USA - NASDAQ:ELBM - CA28474P7065 - Common Stock
2.22 USD
+0.58 (+35.37%)
2.21 USD
-0.01 (-0.45%)
Taking everything into account, ELBM scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ELBM is showing a nice and steady performance.
ELBM is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month ELBM has a been trading in the 0.98 - 8.70 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
ELBM has an average volume of 8272950 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 ELBM is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this relatively good performance is mostly due to a recent big move.
ELBM is part of the Metals & Mining industry. There are 156 other stocks in this industry, ELBM did better than 42% of them.
ELBM has an excellent technical rating, but the quality of the setup is only medium 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
1.09
2.24
We found 1 important support area.
- Support @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 | UP | POSITIVE | The long term trend for ELBM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ELBM is neutral. |
| ChartMill Relative Strength | 88.6 | POSITIVE | ELBM has a high relative strength, it outperformed 88.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ELBM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ELBM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ELBM is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.4 | NEUTRAL | The RSI value for ELBM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests ELBM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 13.08 | OVERSOLD | The low Stochastics value suggests ELBM may be oversold. |
| Average True Range in percent/ATR (20) | 41.62 | HIGH VOLATILITY | The high ATR as a percentage value for ELBM suggests high volalility. |
| Average Directional Index/ADX (14) | 56.51 | POSITIVE | The high ADX value value for ELBM 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)
2.22
+0.58 (+35.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg35.37%
1 Week34.55%
2 Weeks86.55%
1 Month107.48%
3 Month74.8%
6 Month106.07%
12 Month-8.29%
2 Year4.74%
3 Year-80.99%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.26
ATR(20)%41.62%
ATR Inc-19.51%
Range Today0.8
ADR(20)0.77
ADR(20)%34.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.6
Mansfield4.45
10 Day High8.7
10 Day Low1.27
20 Day High8.7
20 Day Low0.98
52 Week High8.7
52 Week Low0.77
CS1 End1.1
CR1 StartN/A
Volume & EV
DER(3)-7.33%
DER(5)-3.95%
Volume61.09M
Volume Incr1983.93%
Vol(5)66.32M
Vol(50)8.27M