BIT:ELC - Euronext Milan - IT0003404214 - Common Stock - Currency: EUR
Taking everything into account, ELC scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. ELC was also a bad performer in the overall market in the last year.
ELC has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 1.36, a Stop Loss order could be placed below this zone.
1.35
We found 1 important support area.
We can see 4 important resistance areas.
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 ELC.MI is down. |
ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ELC.MI is neutral. |
ChartMill Relative Strength | 18.47 | NEGATIVE | ELC.MI has a low relative strength, it was outperformed by 81.53% off all stocks on the market. |
Simple Moving Average/SMA (20) | UP | MIXED | The current price of ELC.MI is below the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ELC.MI is above the rising SMA(50). |
Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ELC.MI is below a declining SMA(200). |
Relative Strength Index/RSI (14) | 50.95 | NEUTRAL | The RSI value for ELC.MI is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ELC.MI has a negative trend. |
Stochastics (14,3) | 22.84 | NEUTRAL | The Stochastics value for ELC.MI is a neutral value. |
Average True Range in percent/ATR (20) | 3.98 | MEDIUM VOLATILITY | The ATR as a percentage value for ELC.MI suggests some volalility. |
Average Directional Index/ADX (14) | 16.98 | NEGATIVE | The low ADX value for ELC.MI suggests a weak or negative trend. |
BIT:ELC (7/22/2025, 7:00:00 PM)
1.405
+0.01 (+0.36%)