ELEVATION ONCOLOGY INC (ELEV) Stock Technical Analysis
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'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.
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.
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 one of the lesser performing stocks in the Biotechnology industry. 79% of 542 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. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
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 only medium 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
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