ELLIE MAE INC (ELLI) Technical Analysis
NYSE:ELLI
Current stock price
ELLI Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to ELLI. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ELLI is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- ELLI 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.
- ELLI has an average volume of 1742880 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that ELLI is one of the better performing stocks in the market, outperforming 90% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- ELLI is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ELLI is lagging the market slightly.
- In the last month ELLI has a been trading in a tight range between 98.50 and 99.00.
ELLI Weekly and Daily overview Charts
ELLI Setup Rating and Analysis
Besides having an excellent technical rating, ELLI also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 98.91, a Stop Loss order could be placed below this zone.
More info and screens
ELLI Support and Resistance Analysis
96.35
When analyzing the support we notice one important area.
- A support zone ranging from 97.32 to 98.91. 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.
- Strong resistance @99.73 from a horizontal line in the daily time frame.
- A resistance zone ranging from 112.19 to 112.84. This zone is formed by a combination of multiple trend lines in the weekly time frame.
ELLI 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 ELLI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ELLI is up. |
| ChartMill Relative Strength | 90.32 | POSITIVE | ELLI has a high relative strength, it outperformed 90.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ELLI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ELLI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ELLI is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 70.73 | OVERBOUGHT | The high RSI value suggests ELLI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests ELLI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 99.24 | OVERBOUGHT | The high Stochastics value suggests ELLI may be overbought. |
| Average True Range in percent/ATR (20) | 0.12 | LOW VOLATILITY | The low ATR as a percentage value for ELLI suggests low volalility. |
ELLI Chart- and CandleStick Pattern Analysis
ELLI Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 99.01 | 98.79 | 0.22 (0.22%) | 25.00% |
| An entry @99.01. This is a Buy Stop order right above the 10 day high. | An exit @98.79. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.22 points, which is 0.22%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.06%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
ELLI Technicals: Chart, Performance Metrics, Trend & Indicators
98.99
0 (0%)
ELLIE MAE INC / ELLI TA FAQ
Can you provide the ChartMill technical rating for ELLIE MAE INC?
ChartMill assigns a technical rating of 8 / 10 to ELLI.
Can you provide the trend direction for ELLIE MAE INC?
The current trend direction for ELLIE MAE INC (ELLI) is Bullish.
Can you provide the RSI signal for ELLIE MAE INC?
ELLIE MAE INC (ELLI) has an RSI value of 70.7319. This indicates that the stock is currently overbought.
What is the MACD signal for ELLIE MAE INC (ELLI) stock?
The MACD indicator for ELLIE MAE INC (ELLI) has a value of -0.294663, indicating a bearish trend.
Can you provide the support and resistance levels for ELLIE MAE INC?
ELLIE MAE INC (ELLI) has a support level at 98.91 and a resistance level at 99.73. Check the full technical report for our detailed analysis of ELLI support and resistance levels.