ELECTROMED INC (ELMD) Technical Analysis
NYSEARCA:ELMD • US2854091087
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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 78% of all other stocks performed better in the past year than ELMD.
- 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 an average performer in the Health Care Equipment & Supplies industry, it outperforms 53% of 184 stocks in the same industry.
- 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.
ELMD has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 24.03, 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
20.10
2 important support areas can be observed.
- A support zone ranging from 23.15 to 24.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @20.30 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 24.39 to 24.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 29.43 to 29.93. This zone is formed by a combination of multiple trend lines 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 | 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 | 22.87 | NEGATIVE | ELMD has a low relative strength, it was outperformed by 77.13% 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 | POSITIVE | The current price of ELMD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.11 | 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) | 36.82 | NEUTRAL | The Stochastics value for ELMD is a neutral value. |
| Average True Range in percent/ATR (20) | 6.02 | HIGH VOLATILITY | The high ATR as a percentage value for ELMD suggests high volalility. |
| Average Directional Index/ADX (14) | 27.45 | POSITIVE | The high ADX value value for ELMD suggests a strong trend. |
ELMD Technicals: Chart, Performance Metrics, Trend & Indicators
24.38
+0.09 (+0.37%)
ELECTROMED INC / ELMD 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.
What is the RSI signal for ELECTROMED INC (ELMD) stock?
ELECTROMED INC (ELMD) has an RSI value of 42.11. This indicates that the stock is currently neutral.
What is the MACD signal for ELECTROMED INC (ELMD) stock?
The MACD indicator for ELECTROMED INC (ELMD) has a value of 0.0609828, indicating a bearish trend.
What is the short term momentum for ELECTROMED INC (ELMD) stock?
The short term momentum for ELECTROMED INC (ELMD) is negative.