ELEVATION ONCOLOGY INC (ELEV) Technical Analysis
NASDAQ:ELEV • US28623U1016
Current stock price
ELEV Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to ELEV. ELEV 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 short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, ELEV is a bad performer in the overall market: 97% of all stocks are doing better.
- ELEV is part of the Biotechnology industry. There are 519 other stocks in this industry, of which 83% are performing better than ELEV.
- 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 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.
- ELEV has an average volume of 1499020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ELEV Weekly and Daily overview Charts
ELEV Setup Rating and Analysis
ELEV has a poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately.
More info and screens
ELEV Support and Resistance Analysis
0.35
When analyzing the support we can see 2 important areas.
- Support @0.36 from a trend line in the daily time frame.
- A support zone ranging from 0.35 to 0.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- Resistance @0.39 from a horizontal line in the daily time frame.
- 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.
ELEV Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for ELEV is neutral. |
| ChartMill Relative Strength | 3.99 | NEGATIVE | ELEV has a low relative strength, it was outperformed by 96.01% 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) | 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) | 45.81 | 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) | 37.7 | NEUTRAL | The Stochastics value for ELEV is a neutral value. |
| Average True Range in percent/ATR (20) | 2.88 | MEDIUM VOLATILITY | The ATR as a percentage value for ELEV suggests some volalility. |
| Average Directional Index/ADX (14) | 21.79 | NEUTRAL | The ADX value for ELEV suggests a possible start of a new trend. |
ELEV Chart- and CandleStick Pattern Analysis
ELEV Technicals: Chart, Performance Metrics, Trend & Indicators
0.365
-0.01 (-2.12%)
ELEVATION ONCOLOGY INC / ELEV TA FAQ
Can you provide the ChartMill technical rating for ELEVATION ONCOLOGY INC?
ChartMill assigns a technical rating of 2 / 10 to ELEV.
What is the current trend direction of ELEVATION ONCOLOGY INC (ELEV) stock?
The current trend direction for ELEVATION ONCOLOGY INC (ELEV) is Bearish.
What is the RSI signal for ELEV stock?
ELEVATION ONCOLOGY INC (ELEV) has an RSI value of 45.8119. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ELEVATION ONCOLOGY INC?
The MACD indicator for ELEVATION ONCOLOGY INC (ELEV) has a value of -0.00279245, indicating a bearish trend.
What is the support and resistance level for ELEV stock?
ELEVATION ONCOLOGY INC (ELEV) has a support level at 0.36 and a resistance level at 0.39. Check the full technical report for our detailed analysis of ELEV support and resistance levels.