ELECTROMED INC (ELMD) Stock Technical Analysis
NYSEARCA:ELMD - NYSE Arca - US2854091087 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to ELMD. Although ELMD is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
Looking at the yearly performance, ELMD did better than 71% of all other stocks.
ELMD is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 77% of 187 stocks in the same industry.
ELMD is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ELMD is lagging the market.
In the last month ELMD has a been trading in the 19.60 - 22.35 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, ELMD does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 22.00. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
19.15
22.21
We found 2 important support areas.
- Support @20.43 from a trend line in the weekly time frame.
- A support zone ranging from 19.34 to 19.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 21.30 to 21.47. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 21.88 to 21.99. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for ELMD is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ELMD is neutral. |
| ChartMill Relative Strength | 71.32 | POSITIVE | ELMD has a high relative strength, it outperformed 71.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ELMD is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ELMD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ELMD is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.25 | NEUTRAL | The RSI value for ELMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests ELMD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 47.09 | NEUTRAL | The Stochastics value for ELMD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.68 | MEDIUM VOLATILITY | The ATR as a percentage value for ELMD suggests some volalility. |
| Average Directional Index/ADX (14) | 16.72 | NEGATIVE | The low ADX value for ELMD suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NYSEARCA:ELMD (7/3/2025, 5:04:00 PM)
20.78
+0.46 (+2.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg2.26%
1 Week-4.11%
2 Weeks0.19%
1 Month3.13%
3 Month-7.19%
6 Month-32.29%
12 Month46.24%
2 Year103.73%
3 Year130.38%
5 Year25.26%
10 Year1054.44%
15 YearN/A
Volatility
ATR(14)0.82
ATR(20)%3.68%
ATR Inc80.3%
Range Today0.71
ADR(20)0.76
ADR(20)%3.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.32
Mansfield-1.82
10 Day High22.35
10 Day Low20.12
20 Day High22.35
20 Day Low19.6
52 Week High35.56
52 Week Low13.74
CS1 End20.3
CR1 Start22
Volume & EV
DER(3)-2.79%
DER(5)-1.34%
Volume75.09K
Volume Incr411.37%
Vol(5)285.96K
Vol(50)87.49K