ELECTROMED INC (ELMD) Stock Technical Analysis
USA - NYSEARCA:ELMD - US2854091087 - Common Stock
Overall ELMD gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ELMD is only an average performer.
Besides having an excellent technical rating, ELMD also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 24.10, 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.
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19.09
When analyzing the support we can see 2 important areas.
- A support zone ranging from 23.24 to 24.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @19.28 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 24.27 to 25.07. 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 | UP | POSITIVE | The long term trend for ELMD is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ELMD is neutral. |
| ChartMill Relative Strength | 77.91 | POSITIVE | ELMD has a high relative strength, it outperformed 77.91% 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) | 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) | 49 | NEUTRAL | The RSI value for ELMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests ELMD has a negative trend. |
| Stochastics (14,3) | 38.08 | NEUTRAL | The Stochastics value for ELMD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.18 | MEDIUM VOLATILITY | The ATR as a percentage value for ELMD suggests some volalility. |
| Average Directional Index/ADX (14) | 14.64 | NEGATIVE | The low ADX value for ELMD suggests a weak or negative 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 |
|---|---|---|---|
| 25.08 | 23.83 | 1.25 (4.98%) | 20.06% |
| An entry @25.08. This is a Buy Stop order right above the resistance zone. | An exit @23.83. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.25 points, which is 4.98%. | When investing 20.06% 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.
24.27
-0.42 (-1.7%)
ELECTROMED INC / ELMD FAQ
What is the ChartMill technical rating of ELECTROMED INC (ELMD) stock?
ChartMill assigns a technical rating of 7 / 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 49.004. 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 -0.107665, indicating a bearish trend.
Can you provide the short term momentum for ELECTROMED INC?
The short term momentum for ELECTROMED INC (ELMD) is neutral.