ELECTROMED INC (ELMD) Stock Technical Analysis
NYSEARCA:ELMD - NYSE Arca - US2854091087 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to ELMD. ELMD's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, ELMD is a bad performer in the overall market: 66% of all stocks are doing better.
ELMD is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ELMD is lagging the market.
ELMD is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
ELMD is part of the Health Care Equipment & Supplies industry. There are 187 other stocks in this industry, ELMD did better than 62% of them.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, ELMD does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 18.12, a Stop Loss order could be placed below this zone.
More info and screens
17.94
21.14
We found 1 important support area.
- A support zone ranging from 18.12 to 18.12. 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 18.60 to 19.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @20.93 from a trend line in the daily time frame.
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 | DOWN | NEGATIVE | The short term trend for ELMD is down. |
| ChartMill Relative Strength | 34.92 | NEUTRAL | ELMD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ELMD is below a declining 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) | DOWN | NEGATIVE | The current price of ELMD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.56 | NEUTRAL | The RSI value for ELMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ELMD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 23.36 | NEUTRAL | The Stochastics value for ELMD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.87 | MEDIUM VOLATILITY | The ATR as a percentage value for ELMD suggests some volalility. |
| Average Directional Index/ADX (14) | 15.89 | 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)
18.13
-0.08 (-0.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-0.44%
1 Week-3.67%
2 Weeks-0.55%
1 Month-12.75%
3 Month-21.92%
6 Month-47.3%
12 Month20.39%
2 Year82.76%
3 Year86.91%
5 Year46.45%
10 Year954.07%
15 YearN/A
Volatility
ATR(14)0.66
ATR(20)%3.87%
ATR Inc-15.88%
Range Today0.59
ADR(20)0.69
ADR(20)%3.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS34.92
Mansfield-2.85
10 Day High19.48
10 Day Low17.73
20 Day High21.2
20 Day Low17.73
52 Week High35.56
52 Week Low13.74
CS1 End18.12
CR1 Start18.6
Volume & EV
DER(3)0.88%
DER(5)1.25%
Volume50.50K
Volume Incr-62.02%
Vol(5)45.04K
Vol(50)80.62K