ELM MARKET NAVIGATOR ETF (ELM) Stock Technical Analysis
NYSEARCA:ELM - NYSE Arca - US81752T4296 - ETF - Currency: USD
Overall ELM gets a technical rating of 4 out of 10. ELM has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
ELM has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 24.86. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for ELM in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
24.17
When analyzing the support we notice one important area.
- A support zone ranging from 24.41 to 24.73. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 24.86 to 25.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
NYSEARCA:ELM (5/9/2025, 8:04:00 PM)
24.83
+0.11 (+0.45%)