Taking everything into account, ELBM scores 1 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.
- 95% of all other stocks performed better in the past year than ELBM.
- ELBM is part of the Metals & Mining industry. There are 156 other stocks in this industry, of which 89% are performing better than ELBM.
- ELBM is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- ELBM has an average volume of 1322800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month ELBM has a been trading in the 0.79 - 0.97 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
ELBM has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 0.93. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for ELBM in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.84
We found 1 important support area.
- Support @0.85 from a horizontal line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 0.93 to 0.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.95 from a horizontal line in the daily time frame.
- Resistance @0.98 from a trend line in the daily time frame.
- A resistance zone ranging from 1.09 to 1.10. This zone is formed by a combination of multiple trend lines 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 is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ELBM is neutral. |
| ChartMill Relative Strength | 5.26 | NEGATIVE | ELBM has a low relative strength, it was outperformed by 94.74% 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) | DOWN | NEGATIVE | The current price of ELBM is below a declining 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) | 49.14 | NEUTRAL | The RSI value for ELBM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ELBM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.52 | NEUTRAL | The Stochastics value for ELBM is a neutral value. |
| Average True Range in percent/ATR (20) | 6.23 | HIGH VOLATILITY | The high ATR as a percentage value for ELBM suggests high volalility. |
| Average Directional Index/ADX (14) | 8.04 | NEGATIVE | The low ADX value for ELBM suggests a weak or negative trend. |
0.9174
+0.03 (+3.06%)
ELECTRA BATTERY MATERIALS CO / ELBM FAQ
What is the technical rating for ELBM stock?
ChartMill assigns a technical rating of 1 / 10 to ELBM.
Can you provide the trend direction for ELECTRA BATTERY MATERIALS CO?
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 49.1425. This indicates that the stock is currently neutral.
What is the MACD signal for ELBM stock?
The MACD indicator for ELECTRA BATTERY MATERIALS CO (ELBM) has a value of 0.0120019, indicating a bearish trend.