We assign a technical rating of 6 out of 10 to ELM. Although ELM is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although the technical rating is only medium, ELM does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 27.90. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 27.78, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
26.15
2 important support areas can be observed.
- A support zone ranging from 26.94 to 27.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @26.41 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 27.90 to 28.00. 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 | UP | POSITIVE | The long term trend for ELM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ELM is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | ELM has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ELM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ELM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ELM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.08 | NEUTRAL | The RSI value for ELM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ELM has a positive trend. |
| Stochastics (14,3) | 52.72 | NEUTRAL | The Stochastics value for ELM is a neutral value. |
| Average True Range in percent/ATR (20) | 0.6 | LOW VOLATILITY | The low ATR as a percentage value for ELM suggests low volalility. |
| Average Directional Index/ADX (14) | 16.9 | NEGATIVE | The low ADX value for ELM suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 28.01 | 27.50 | 0.51 (1.82%) | 25.00% |
| An entry @28.01. This is a Buy Stop order right above the resistance zone. | An exit @27.50. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.51 points, which is 1.82%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.46%. |
- 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.
NYSEARCA:ELM (12/22/2025, 8:04:00 PM)
27.89
+0.1 (+0.36%)
ELM MARKET NAVIGATOR ETF / ELM FAQ
Can you provide the ChartMill technical rating for ELM MARKET NAVIGATOR ETF?
ChartMill assigns a technical rating of 6 / 10 to ELM.
Can you provide the trend direction for ELM MARKET NAVIGATOR ETF?
The current trend direction for ELM MARKET NAVIGATOR ETF (ELM) is Bullish.
Can you provide the RSI signal for ELM MARKET NAVIGATOR ETF?
ELM MARKET NAVIGATOR ETF (ELM) has an RSI value of 58.0831. This indicates that the stock is currently neutral.
What is the buy/sell signal for ELM stock?
The buy/sell signal for ELM MARKET NAVIGATOR ETF (ELM) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for ELM MARKET NAVIGATOR ETF (ELM) stock?
ELM MARKET NAVIGATOR ETF (ELM) has a support level at 27.78 and a resistance level at 27.9. Check the full technical report for our detailed analysis of ELM support and resistance levels.