ELECTROMED INC (ELMD) Stock Technical Analysis
USA - NYSEARCA:ELMD - US2854091087 - Common Stock
24.77 USD
-0.22 (-0.88%)
24.57 USD
-0.2 (-0.81%)
Overall ELMD gets a technical rating of 8 out of 10. 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.
The long and short term trends are both positive. This is looking good!
ELMD is part of the Health Care Equipment & Supplies industry. There are 191 other stocks in this industry. ELMD outperforms 83% of them.
In the last month ELMD has a been trading in the 19.15 - 26.95 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, ELMD did better than 79% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
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.
Besides having an excellent technical rating, ELMD also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 23.98, 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
18.61
26.41
2 important support areas can be observed.
- A support zone ranging from 23.65 to 23.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @18.80 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @24.78 from a horizontal line in the weekly time frame.
- Resistance @26.15 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 | 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 | 79.06 | POSITIVE | ELMD has a high relative strength, it outperformed 79.06% 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) | 58.13 | NEUTRAL | The RSI value for ELMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests ELMD has a negative trend. |
| Stochastics (14,3) | 33.72 | NEUTRAL | The Stochastics value for ELMD is a neutral value. |
| Average True Range in percent/ATR (20) | 5.2 | HIGH VOLATILITY | The high ATR as a percentage value for ELMD suggests high volalility. |
| Average Directional Index/ADX (14) | 37.05 | POSITIVE | The high ADX value value for ELMD suggests a strong 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)
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 |
|---|---|---|---|
| 24.79 | 23.64 | 1.15 (4.64%) | 21.56% |
| An entry @24.79. This is a Buy Stop order right above the resistance zone. | An exit @23.64. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.15 points, which is 4.64%. | When investing 21.56% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of ELMD. Please evaluate whether better entry and exit points can be found.
- 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.
24.77
-0.22 (-0.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-0.88%
1 Week3.73%
2 Weeks1.23%
1 Month30.23%
3 Month20.65%
6 Month0.16%
12 Month22.08%
2 Year138.4%
3 Year141.66%
5 Year137.94%
10 Year1276.11%
15 Year580.5%
Volatility
ATR(14)1.17
ATR(20)%5.2%
ATR Inc-47.28%
Range Today0.44
ADR(20)1.13
ADR(20)%4.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.06
Mansfield-0.96
10 Day High26.95
10 Day Low23.47
20 Day High26.95
20 Day Low19.15
52 Week High35.56
52 Week Low17.73
CS1 End23.98
CR1 Start24.78
Volume & EV
DER(3)3.76%
DER(5)3.18%
Volume124.90K
Volume Incr-12.3%
Vol(5)89.12K
Vol(50)74.18K