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.
ELBM has a poor technical rating and the quality of the setup is also not perfect 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.
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0.84
We found 2 important support areas.
- Support @0.93 from a horizontal line in the daily time frame.
- Support @0.85 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- 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 | DOWN | NEGATIVE | The short term trend for ELBM is down. |
| ChartMill Relative Strength | 22.9 | NEGATIVE | ELBM has a low relative strength, it was outperformed by 77.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ELBM is above 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) | 47.98 | 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. |
| Stochastics (14,3) | 74.49 | NEUTRAL | The Stochastics value for ELBM is a neutral value. |
| Average True Range in percent/ATR (20) | 7.91 | HIGH VOLATILITY | The high ATR as a percentage value for ELBM suggests high volalility. |
| Average Directional Index/ADX (14) | 21.87 | NEUTRAL | The ADX value for ELBM suggests a possible start of a new trend. |
1.04
+0.04 (+4.14%)
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 47.9776. This indicates that the stock is currently neutral.
What is the buy/sell signal for ELECTRA BATTERY MATERIALS CO (ELBM) stock?
The buy/sell signal for ELECTRA BATTERY MATERIALS CO (ELBM) is sell as both the short term and long term trends are negative.
What is the support and resistance level for ELBM stock?
ELECTRA BATTERY MATERIALS CO (ELBM) has a support level at 0.93 and a resistance level at 1.09. Check the full technical report for our detailed analysis of ELBM support and resistance levels.