Taking everything into account, ELMD scores 8 out of 10 in our technical rating. Although ELMD is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, ELMD also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 26.61. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.78, a Stop Loss order could be placed below this zone.
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19.46
We found 3 important support areas.
- A support zone ranging from 24.64 to 24.78. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 23.65 to 24.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @19.66 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 26.61 to 26.61. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for ELMD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ELMD is up. |
| ChartMill Relative Strength | 74.48 | POSITIVE | ELMD has a high relative strength, it outperformed 74.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ELMD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ELMD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ELMD is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.99 | 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. |
| Stochastics (14,3) | 56.22 | NEUTRAL | The Stochastics value for ELMD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.43 | MEDIUM VOLATILITY | The ATR as a percentage value for ELMD suggests some volalility. |
| Average Directional Index/ADX (14) | 23.57 | NEUTRAL | The ADX value for ELMD suggests a possible start of a new 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 |
|---|---|---|---|
| 26.62 | 24.63 | 1.99 (7.48%) | 13.38% |
| An entry @26.62. This is a Buy Stop order right above the resistance zone. | An exit @24.63. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.99 points, which is 7.48%. | When investing 13.38% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
25.91
+0.81 (+3.23%)
ELECTROMED INC / ELMD FAQ
What is the ChartMill technical rating of ELECTROMED INC (ELMD) stock?
ChartMill assigns a technical rating of 8 / 10 to ELMD.
What is the current trend direction of ELECTROMED INC (ELMD) stock?
The current trend direction for ELECTROMED INC (ELMD) is Bullish.
What is the RSI signal for ELECTROMED INC (ELMD) stock?
ELECTROMED INC (ELMD) has an RSI value of 58.9917. 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 0.058743, indicating a bearish trend.
Can you provide the short term momentum for ELECTROMED INC?
The short term momentum for ELECTROMED INC (ELMD) is positive.