ELEVATION ONCOLOGY INC (ELEV) Stock Technical Analysis
NASDAQ:ELEV - Nasdaq - US28623U1016 - Common Stock - Currency: USD
Overall ELEV gets a technical rating of 0 out of 10. ELEV's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
99% of all other stocks performed better in the past year than ELEV.
ELEV is one of the lesser performing stocks in the Biotechnology industry. 85% of 561 stocks in the same industry do better.
ELEV is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so ELEV is lagging the market.
ELEV has an average volume of 1516060 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month ELEV has a been trading in the 0.27 - 0.39 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, ELEV does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
0.28
0.34
We found 2 important support areas.
- Support @0.29 from a trend line in the daily time frame.
- A support zone ranging from 0.28 to 0.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 0.34 to 0.34. This zone is formed by a combination of multiple trend lines and important moving averages 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 ELEV is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ELEV is down. |
| ChartMill Relative Strength | 1.93 | NEGATIVE | ELEV has a low relative strength, it was outperformed by 98.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ELEV is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ELEV is below a declining 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) | 45.67 | NEUTRAL | The RSI value for ELEV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ELEV has a negative trend. |
| Stochastics (14,3) | 53.05 | NEUTRAL | The Stochastics value for ELEV is a neutral value. |
| Average True Range in percent/ATR (20) | 10.27 | HIGH VOLATILITY | The high ATR as a percentage value for ELEV suggests high volalility. |
| Average Directional Index/ADX (14) | 16.61 | NEGATIVE | The low ADX value for ELEV suggests a weak or negative 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)
NASDAQ:ELEV (5/22/2025, 2:17:26 PM)
0.3214
+0 (+1.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.42%
1 Week-7.23%
2 Weeks-4.69%
1 Month-16.34%
3 Month-47.83%
6 Month-47.48%
12 Month-91.75%
2 Year-92.49%
3 Year-85.98%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%10.27%
ATR Inc-47.31%
Range Today0.02
ADR(20)0.03
ADR(20)%9.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.93
Mansfield-7.01
10 Day High0.37
10 Day Low0.27
20 Day High0.39
20 Day Low0.27
52 Week High4.33
52 Week Low0.22
CS1 End0.29
CR1 Start0.34
Volume & EV
DER(3)-12.23%
DER(5)-20.44%
Volume532.77K
Volume Incr51.84%
Vol(5)1.48M
Vol(50)1.52M