ELES SEMICONDUCTOR EQUIPMENT (ELES.MI) Stock Technical Analysis
Europe - Euronext Milan - BIT:ELES - IT0005373417 - Common Stock
We assign a technical rating of 10 out of 10 to ELES. Both in the recent history as in the last year, ELES has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that ELES is one of the better performing stocks in the market, outperforming 96% of all stocks. On top of that, ELES also shows a nice and consistent pattern of rising prices.
- ELES is part of the Semiconductors & Semiconductor Equipment industry. There are 71 other stocks in this industry. ELES outperforms 94% of them.
- ELES is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month ELES has a been trading in the 2.25 - 3.34 range, which is quite wide. It is currently trading near the high of this range.
- Considerably lower volume is observed in the last couple of days.
Although ELES has an excellent technical rating, it does not offer a high quality setup 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
1.38
4 important support areas can be observed.
- Support @2.62 from a trend line in the daily time frame.
- Support @1.66 from a trend line in the daily time frame.
- Support @1.62 from a trend line in the weekly time frame.
- Support @1.39 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 3.20 to 3.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 ELES.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ELES.MI is up. |
| ChartMill Relative Strength | 96.94 | POSITIVE | ELES.MI has a high relative strength, it outperformed 96.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ELES.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ELES.MI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ELES.MI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 78 | OVERBOUGHT | The high RSI value suggests ELES.MI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ELES.MI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.19 | OVERBOUGHT | The high Stochastics value suggests ELES.MI may be overbought. |
| Average True Range in percent/ATR (20) | 3.23 | MEDIUM VOLATILITY | The ATR as a percentage value for ELES.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 61.53 | POSITIVE | The high ADX value value for ELES.MI suggests a strong trend. |
BIT:ELES (1/12/2026, 7:00:00 PM)
3.19
0 (0%)
ELES SEMICONDUCTOR EQUIPMENT / ELES.MI FAQ
What is the technical rating for ELES stock?
ChartMill assigns a technical rating of 10 / 10 to ELES.MI.
What is the current trend direction of ELES SEMICONDUCTOR EQUIPMENT (ELES.MI) stock?
The current trend direction for ELES SEMICONDUCTOR EQUIPMENT (ELES.MI) is Bullish.
Can you provide the RSI signal for ELES SEMICONDUCTOR EQUIPMENT?
ELES SEMICONDUCTOR EQUIPMENT (ELES.MI) has an RSI value of 77.9982. This indicates that the stock is currently overbought.
Can you provide the buy/sell signal for ELES SEMICONDUCTOR EQUIPMENT?
The buy/sell signal for ELES SEMICONDUCTOR EQUIPMENT (ELES.MI) is buy as both the short term and long term trends are positive.
What is the support and resistance level for ELES stock?
ELES SEMICONDUCTOR EQUIPMENT (ELES.MI) has a support level at 2.62 and a resistance level at 3.2. Check the full technical report for our detailed analysis of ELES.MI support and resistance levels.