ELEVATION ONCOLOGY INC (ELEV) Stock Technical Analysis
NASDAQ:ELEV - Nasdaq - US28623U1016 - Common Stock - Currency: USD
Overall ELEV gets a technical rating of 4 out of 10. In the past year, ELEV was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, ELEV is a bad performer in the overall market: 91% of all stocks are doing better.
ELEV is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month ELEV has a been trading in the 0.28 - 0.40 range, which is quite wide. It is currently trading near the high of this range.
ELEV has an average volume of 1448720 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
ELEV is an average performer in the Biotechnology industry, it outperforms 41% of 557 stocks in the same industry.
ELEV has an average technical rating and it also 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
0.32
0.40
We found 2 important support areas.
- A support zone ranging from 0.38 to 0.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.32 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.40 to 0.40. 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 | DOWN | NEGATIVE | The long term trend for ELEV is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ELEV is up. |
| ChartMill Relative Strength | 9.8 | NEGATIVE | ELEV has a low relative strength, it was outperformed by 90.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ELEV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ELEV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ELEV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.94 | NEUTRAL | The RSI value for ELEV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ELEV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.41 | OVERBOUGHT | The high Stochastics value suggests ELEV may be overbought. |
| Average True Range in percent/ATR (20) | 5.54 | HIGH VOLATILITY | The high ATR as a percentage value for ELEV suggests high volalility. |
| Average Directional Index/ADX (14) | 21.62 | NEUTRAL | The ADX value for ELEV 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)
0.3854
+0 (+0.97%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.97%
1 Week0.29%
2 Weeks23.8%
1 Month36.42%
3 Month28.42%
6 Month-33.55%
12 Month-84.95%
2 Year-74.64%
3 Year-72.47%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%5.54%
ATR Inc-46.71%
Range Today0.01
ADR(20)0.02
ADR(20)%4.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.8
Mansfield-5.39
10 Day High0.4
10 Day Low0.3
20 Day High0.4
20 Day Low0.28
52 Week High3.28
52 Week Low0.22
CS1 End0.38
CR1 Start0.4
Volume & EV
DER(3)3.38%
DER(5)2.83%
Volume843.70K
Volume Incr-33.35%
Vol(5)1.37M
Vol(50)1.45M