ELICA SPA (ELC.MI) Stock Technical Analysis
Europe - BIT:ELC - IT0003404214 - Common Stock
Overall ELC gets a technical rating of 7 out of 10. In the last year, ELC was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although ELC has an excellent technical rating, the quality of the presented setup is not ideal 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
1.46
3 important support areas can be observed.
- A support zone ranging from 1.69 to 1.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.53 to 1.55. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @1.47 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @1.78 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 1.82 to 1.83. 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 | UP | POSITIVE | The long term trend for ELC.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ELC.MI is up. |
| ChartMill Relative Strength | 44.96 | NEUTRAL | ELC.MI is not amongst the best or worst performers 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 | MIXED | The current price of ELC.MI is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.1 | 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) | 15.08 | OVERSOLD | The low Stochastics value suggests ELC.MI may be oversold. |
| Average True Range in percent/ATR (20) | 3.01 | MEDIUM VOLATILITY | The ATR as a percentage value for ELC.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 44.09 | POSITIVE | The high ADX value value for ELC.MI suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1.75 | 1.68 | 0.07 (4.16%) | 24.01% |
| An entry @1.75. This is a Buy Stop order right above the 10 day moving average. | An exit @1.68. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.07 points, which is 4.16%. | When investing 24.01% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
BIT:ELC (11/7/2025, 7:00:00 PM)
1.7
-0.01 (-0.58%)
ELICA SPA / ELC.MI FAQ
What is the ChartMill technical rating of ELICA SPA (ELC.MI) stock?
ChartMill assigns a technical rating of 7 / 10 to ELC.MI.
Can you provide the trend direction for ELICA SPA?
The current trend direction for ELICA SPA (ELC.MI) is Bullish.
What is the RSI signal for ELC stock?
ELICA SPA (ELC.MI) has an RSI value of 56.0969. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for ELICA SPA?
The buy/sell signal for ELICA SPA (ELC.MI) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for ELICA SPA?
ELICA SPA (ELC.MI) has a support level at 1.69 and a resistance level at 1.78. Check the full technical report for our detailed analysis of ELC.MI support and resistance levels.