ELEVATION ONCOLOGY INC (ELEV) Stock Technical Analysis
USA - NASDAQ:ELEV - US28623U1016 - Common Stock
0.365 USD
-0.01 (-2.12%)
0.377 USD
+0.01 (+3.29%)
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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
97% of all other stocks performed better in the past year than ELEV.
ELEV is part of the Biotechnology industry. There are 534 other stocks in this industry, of which 81% 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 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
0.35
0.40
2 important support areas can be observed.
- 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.
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. |
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)
0.365
-0.01 (-2.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-2.12%
1 Week-3.62%
2 Weeks-3.41%
1 Month-4.85%
3 Month-2.9%
6 Month-44.86%
12 Month-87.54%
2 Year-69.58%
3 Year-71.03%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.01
ATR(20)%2.88%
ATR Inc74.49%
Range Today0.03
ADR(20)0.01
ADR(20)%2.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.99
3 months CRSN/A
6 months CRSN/A
Mansfield-3.92
10 Day High0.39
10 Day Low0.35
20 Day High0.39
20 Day Low0.35
52 Week High3.09
52 Week Low0.22
CS1 End0.36
CR1 Start0.39
Volume & EV
DER(3)-1.64%
DER(5)-1.6%
Volume4.82M
Volume Incr63.8%
Vol(5)1.59M
Vol(50)1.50M
ELEVATION ONCOLOGY INC / ELEV FAQ
Can you provide the ChartMill technical rating for ELEVATION ONCOLOGY INC?
ChartMill assigns a technical rating of 2 / 10 to ELEV.
Can you provide the trend direction for ELEVATION ONCOLOGY INC?
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.
What is the MACD signal for ELEV stock?
The MACD indicator for ELEVATION ONCOLOGY INC (ELEV) has a value of -0.00279245, indicating a bearish trend.
Can you provide the short term momentum for ELEVATION ONCOLOGY INC?
The short term momentum for ELEVATION ONCOLOGY INC (ELEV) is neutral.