ELL Technical Analysis - EVERYBODY LOVES LANGUAGES CO

Technical Rating and Analysis

We assign a technical rating of 9 out of 10 to ELL. In the last year, ELL was one of the better performers, but we do observe some doubts in the very recent evolution.

Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.

Looking at the yearly performance, ELL did better than 92% of all other stocks. We also observe that the gains produced by ELL over the past year are nicely spread over this period.

ELL is one of the better performing stocks in the Media industry, it outperforms 100% of 15 stocks in the same industry.

ELL 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 ELL is lagging the market slightly.

In the last month ELL has a been trading in the 0.06 - 0.07 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

EVERYBODY LOVES LANGUAGES CO / ELL Weekly stock chart

EVERYBODY LOVES LANGUAGES CO / ELL Daily stock chart

Setup Rating and Analysis

Although ELL has an excellent technical rating, it does not offer a high quality setup 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

0.03

0.06

When analyzing the support we can see 2 important areas.

A support zone ranging from 0.04 to 0.04. This zone is formed by a combination of multiple trend lines in the daily time frame.
A support zone ranging from 0.03 to 0.03. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 0.06 to 0.06. This zone is formed by a combination of multiple trend lines and important moving averages 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 ELL.CA is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for ELL.CA is neutral.
ChartMill Relative Strength	92	POSITIVE	ELL.CA has a high relative strength, it outperformed 92% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ELL.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ELL.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ELL.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	54.13	NEUTRAL	The RSI value for ELL.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests ELL.CA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	33.33	NEUTRAL	The Stochastics value for ELL.CA is a neutral value.
Average True Range in percent/ATR (20)	4.17	MEDIUM VOLATILITY	The ATR as a percentage value for ELL.CA suggests some volalility.
Average Directional Index/ADX (14)	13.95	NEGATIVE	The low ADX value for ELL.CA suggests a weak or negative trend.