EL.EN. SPA (ELN.MI) Stock Technical Analysis
BIT:ELN - IT0005453250 - Common Stock
11.72 EUR
+0.02 (+0.13%)
We assign a technical rating of 7 out of 10 to ELN. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ELN is only an average performer.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
ELN is part of the Health Care Equipment & Supplies industry. There are 57 other stocks in this industry. ELN outperforms 75% of them.
ELN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ELN is lagging the market slightly.
Looking at the yearly performance, ELN did better than 74% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
In the last month ELN has a been trading in a tight range between 11.63 and 12.26.
Considerably lower volume is observed in the last couple of days.
ELN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 11.70, a Stop Loss order could be placed below this zone.
More info and screens
11.56
12.50
When analyzing the support we notice one important area.
- A support zone ranging from 11.68 to 11.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 12.26 to 12.38. 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 | UP | POSITIVE | The long term trend for ELN.MI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ELN.MI is neutral. |
| ChartMill Relative Strength | 74.6 | POSITIVE | ELN.MI has a high relative strength, it outperformed 74.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ELN.MI is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ELN.MI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ELN.MI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.04 | NEUTRAL | The RSI value for ELN.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ELN.MI has a negative trend. |
| Stochastics (14,3) | 34.29 | NEUTRAL | The Stochastics value for ELN.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.17 | MEDIUM VOLATILITY | The ATR as a percentage value for ELN.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 18.54 | NEGATIVE | The low ADX value for ELN.MI suggests a weak or negative 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 |
|---|---|---|---|
| 11.91 | 11.67 | 0.24 (2.05%) | 25.00% |
| An entry @11.91. This is a Buy Stop order right above the 10 day moving average. | An exit @11.67. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.24 points, which is 2.05%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.51%. |
- The distance between exit and entry is rather small compared to the average daily movement of ELN. 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.
BIT:ELN (9/3/2025, 12:34:27 PM)
11.72
+0.02 (+0.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0.13%
1 Week-2.38%
2 Weeks-1.22%
1 Month1.69%
3 Month8.68%
6 Month3.95%
12 Month24.26%
2 Year34.46%
3 Year0.73%
5 Year-46.06%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%2.17%
ATR Inc2.7%
Range Today0.11
ADR(20)0.24
ADR(20)%2.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.6
Mansfield0.06
10 Day High12.15
10 Day Low11.65
20 Day High12.26
20 Day Low11.63
52 Week High12.59
52 Week Low7.01
CS1 End11.7
CR1 Start12.26
Volume & EV
DER(3)-5.54%
DER(5)-4.05%
Volume6.37K
Volume Incr-46.68%
Vol(5)28.73K
Vol(50)64.91K