ELECTROMED INC (ELMD) Technical Analysis
NYSEARCA:ELMD • US2854091087
Current stock price
ELMD Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to ELMD. ELMD scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, ELMD is a bad performer in the overall market: 76% of all stocks are doing better.
- 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 188 other stocks in this industry, ELMD did better than 59% of them.
- ELMD 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 ELMD is lagging the market slightly.
ELMD Weekly and Daily overview Charts
ELMD Setup Rating and Analysis
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 very little resistance above the current price. There is a support zone below the current price at 23.28, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ELMD in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
ELMD Support and Resistance Analysis
20.37
When analyzing the support we can see 2 important areas.
- A support zone ranging from 23.15 to 23.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @20.58 from a trend line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @23.52 from a trend line in the daily time frame.
- A resistance zone ranging from 24.55 to 24.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @29.09 from a trend line in the weekly time frame.
- A resistance zone ranging from 29.85 to 29.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
ELMD 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 | 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 | 24.48 | NEGATIVE | ELMD has a low relative strength, it was outperformed by 75.52% off all stocks 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) | UP | MIXED | The current price of ELMD is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.1 | NEUTRAL | The RSI value for ELMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests ELMD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 22.22 | NEUTRAL | The Stochastics value for ELMD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.85 | MEDIUM VOLATILITY | The ATR as a percentage value for ELMD suggests some volalility. |
| Average Directional Index/ADX (14) | 16.09 | NEGATIVE | The low ADX value for ELMD suggests a weak or negative trend. |
ELMD Chart- and CandleStick Pattern Analysis
ELMD Technicals: Chart, Performance Metrics, Trend & Indicators
23.29
-0.36 (-1.52%)
ELECTROMED INC / ELMD TA FAQ
What is the ChartMill technical rating of ELECTROMED INC (ELMD) stock?
ChartMill assigns a technical rating of 0 / 10 to ELMD.
What is the trend direction for ELMD stock?
The current trend direction for ELECTROMED INC (ELMD) is Bearish.
Can you provide the RSI signal for ELECTROMED INC?
ELECTROMED INC (ELMD) has an RSI value of 41.1002. This indicates that the stock is currently neutral.
What is the MACD signal for ELMD stock?
The MACD indicator for ELECTROMED INC (ELMD) has a value of 0.0518343, indicating a bearish trend.
Can you provide the support and resistance levels for ELECTROMED INC?
ELECTROMED INC (ELMD) has a support level at 23.28 and a resistance level at 23.52. Check the full technical report for our detailed analysis of ELMD support and resistance levels.