ELES SEMICONDUCTOR EQUIPMENT (ELES.MI) Stock Technical Analysis
BIT:ELES • IT0005373417
Taking everything into account, ELES scores 10 out of 10 in our technical rating. 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.
- Looking at the yearly performance, ELES did better than 94% of all other stocks. On top of that, ELES also shows a nice and consistent pattern of rising prices.
- 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.
- ELES is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
- ELES is part of the Semiconductors & Semiconductor Equipment industry. There are 61 other stocks in this industry, ELES did better than 70% of them.
Besides having an excellent technical rating, ELES also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 3.19. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.16, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.64
When analyzing the support we can see 4 important areas.
- A support zone ranging from 3.16 to 3.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.81 from a trend line in the daily time frame.
- Support @1.69 from a trend line in the daily time frame.
- Support @1.66 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 3.19 to 3.24. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 94.03 | POSITIVE | ELES.MI has a high relative strength, it outperformed 94.03% 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) | 72.4 | OVERBOUGHT | The high RSI value suggests ELES.MI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ELES.MI has a negative trend. |
| Stochastics (14,3) | 28.86 | NEUTRAL | The Stochastics value for ELES.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.78 | LOW VOLATILITY | The low ATR as a percentage value for ELES.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 67.51 | POSITIVE | The high ADX value value for ELES.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 |
|---|---|---|---|
| 3.20 | 3.15 | 0.04 (1.41%) | 25.00% |
| An entry @3.19. This is a Buy Stop order right above the 10 day moving average. | An exit @3.15. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.04 points, which is 1.41%. | For a 0.35% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ELES. Please evaluate whether better entry and exit points can be found.
- 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:ELES (2/18/2026, 7:00:00 PM)
3.18
+0.01 (+0.32%)
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 72.3985. 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 3.16 and a resistance level at 3.19. Check the full technical report for our detailed analysis of ELES.MI support and resistance levels.