ELI Technical Analysis - ELIA GROUP SA/NV

Technical Rating and Analysis

Taking everything into account, ELI scores 4 out of 10 in our technical rating. ELI was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.

78% of all other stocks performed better in the past year than ELI.

ELI is part of the Electric Utilities industry. There are 17 other stocks in this industry, of which 81% are performing better than ELI.

The long and short term trends are both positive. This is looking good!

ELI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ELI is lagging the market slightly.

In the last month ELI has a been trading in the 92.35 - 99.95 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ELIA GROUP SA/NV / ELI Weekly stock chart

ELIA GROUP SA/NV / ELI Daily stock chart

Setup Rating and Analysis

ELI has an average technical rating and the quality of the presented setup is also not ideal 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

90.78

106.35

We found 1 important support area.

A support zone ranging from 91.70 to 97.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 101.81 to 105.30. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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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	UP	POSITIVE	The long term trend for ELI.BR is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for ELI.BR is up.
ChartMill Relative Strength	22.68	NEGATIVE	ELI.BR has a low relative strength, it was outperformed by 77.32% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of ELI.BR is above a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ELI.BR is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ELI.BR is above the rising SMA(200).
Relative Strength Index/RSI (14)	54.13	NEUTRAL	The RSI value for ELI.BR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.46	POSITIVE	The MACD value suggests ELI.BR has a positive trend, although the MACD value is declining.
Stochastics (14,3)	68.37	NEUTRAL	The Stochastics value for ELI.BR is a neutral value.
Average True Range in percent/ATR (20)	1.87	LOW VOLATILITY	The low ATR as a percentage value for ELI.BR suggests low volalility.
Average Directional Index/ADX (14)	17.27	NEGATIVE	The low ADX value for ELI.BR suggests a weak or negative trend.