SILVER ELEPHANT MINING CORP (ELEF.CA) Stock Technical Analysis
TSX:ELEF - Toronto Stock Exchange - CA82770L3074 - Common Stock - Currency: CAD
Overall ELEF gets a technical rating of 2 out of 10. ELEF scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
92% of all other stocks performed better in the past year than ELEF.
ELEF is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 79% of 209 stocks in the same industry do better.
ELEF 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 ELEF is lagging the market.
In the last month ELEF has a been trading in the 0.18 - 0.26 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
ELEF has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for ELEF in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.15
0.27
When analyzing the support we can see 4 important areas.
- A support zone ranging from 0.21 to 0.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.19 from a horizontal line in the daily time frame.
- Support @0.18 from a trend line in the weekly time frame.
- Support @0.15 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @0.25 from a trend line in the daily time frame.
- Resistance @0.26 from a trend line in the weekly time frame.
- Resistance @0.27 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 ELEF.CA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ELEF.CA is neutral. |
| ChartMill Relative Strength | 8.89 | NEGATIVE | ELEF.CA has a low relative strength, it was outperformed by 91.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ELEF.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ELEF.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ELEF.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.52 | NEUTRAL | The RSI value for ELEF.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ELEF.CA has a positive trend. |
| Stochastics (14,3) | 40.48 | NEUTRAL | The Stochastics value for ELEF.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 8.07 | HIGH VOLATILITY | The high ATR as a percentage value for ELEF.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 22.87 | NEUTRAL | The ADX value for ELEF.CA suggests a possible start of a new 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)
TSX:ELEF (6/6/2025, 7:00:00 PM)
0.22
-0.01 (-4.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-4.35%
1 Week0%
2 Weeks0%
1 Month0%
3 Month-6.38%
6 Month-48.84%
12 Month-52.17%
2 Year-31.25%
3 Year-57.69%
5 Year-92.41%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%8.07%
ATR Inc68%
Range Today0.02
ADR(20)0.02
ADR(20)%7.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.89
Mansfield-4.32
10 Day High0.26
10 Day Low0.19
20 Day High0.26
20 Day Low0.19
52 Week High0.85
52 Week Low0.14
CS1 End0.21
CR1 Start0.25
Volume & EV
DER(3)9.75%
DER(5)19%
Volume72.74K
Volume Incr101.45%
Vol(5)88.47K
Vol(50)51.67K