ELICA SPA (ELC.MI) Stock Technical Analysis
BIT:ELC - Euronext Milan - IT0003404214 - Common Stock - Currency: EUR
Taking everything into account, ELC scores 2 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.
When comparing the yearly performance of all stocks, ELC is a bad performer in the overall market: 89% of all stocks are doing better.
ELC is one of the lesser performing stocks in the Household Durables industry. 65% of 33 stocks in the same industry do better.
ELC is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ELC is lagging the market.
Warning: ELC has an average volume of 29174 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month ELC has a been trading in the 1.27 - 1.46 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of ELC is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
1.26
1.97
We found 3 important support areas.
- Support @1.43 from a trend line in the weekly time frame.
- A support zone ranging from 1.34 to 1.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.27 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 1.45 to 1.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.57 from a trend line in the daily time frame.
- Resistance @1.75 from a trend line in the daily time frame.
- Resistance @1.95 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 | DOWN | NEGATIVE | The long term trend for ELC.MI is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ELC.MI is up. |
| ChartMill Relative Strength | 11.16 | NEGATIVE | ELC.MI has a low relative strength, it was outperformed by 88.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ELC.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ELC.MI is above a declining 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) | 63.44 | NEUTRAL | The RSI value for ELC.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ELC.MI has a positive trend. |
| Stochastics (14,3) | 96.08 | OVERBOUGHT | The high Stochastics value suggests ELC.MI may be overbought. |
| Average True Range in percent/ATR (20) | 2.19 | MEDIUM VOLATILITY | The ATR as a percentage value for ELC.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 16.57 | NEGATIVE | The low ADX value for ELC.MI suggests a weak or negative 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)
BIT:ELC (5/30/2025, 12:28:18 PM)
1.438
-0.02 (-1.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg-1.51%
1 Week8.94%
2 Weeks10.19%
1 Month11.91%
3 Month-7.23%
6 Month-16.78%
12 Month-37.48%
2 Year-46.14%
3 Year-53.24%
5 Year-50.33%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%2.19%
ATR Inc-1.81%
Range Today0
ADR(20)0.02
ADR(20)%1.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.16
Mansfield-2.32
10 Day High1.46
10 Day Low1.29
20 Day High1.46
20 Day Low1.27
52 Week High2.34
52 Week Low1.08
CS1 End1.43
CR1 Start1.45
Volume & EV
DER(3)0%
DER(5)0%
Volume1.24K
Volume Incr48.91%
Vol(5)44.14K
Vol(50)29.17K