BME:ELE - Bolsa De Madrid - ES0130670112 - Common Stock - Currency: EUR
Taking everything into account, ELE scores 7 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ELE is showing a nice and steady performance.
Although ELE 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.
22.19
We found 3 important support areas.
When analyzing the resistance we notice 2 important 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 | UP | POSITIVE | The long term trend for ELE.MC is up. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ELE.MC is up. |
ChartMill Relative Strength | 77.54 | POSITIVE | ELE.MC has a high relative strength, it outperformed 77.54% off all stocks on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ELE.MC is above the rising SMA(20). |
Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ELE.MC is above a declining SMA(50). |
Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ELE.MC is above the rising SMA(200). |
Relative Strength Index/RSI (14) | 63.26 | NEUTRAL | The RSI value for ELE.MC is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests ELE.MC has a positive trend. |
Stochastics (14,3) | 89.65 | OVERBOUGHT | The high Stochastics value suggests ELE.MC may be overbought. |
Average True Range in percent/ATR (20) | 1.57 | LOW VOLATILITY | The low ATR as a percentage value for ELE.MC suggests low volalility. |
Average Directional Index/ADX (14) | 21.69 | NEUTRAL | The ADX value for ELE.MC suggests a possible start of a new trend. |
BME:ELE (8/21/2025, 5:35:15 PM)
26.75
+0.09 (+0.34%)