EL.EN. SPA (ELN.MI) Stock Technical Analysis
BIT:ELN • IT0005453250
Overall ELN gets a technical rating of 8 out of 10. 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 and short term trends are both positive. This is looking good!
- ELN is part of the Health Care Equipment & Supplies industry. There are 65 other stocks in this industry. ELN outperforms 81% of them.
- ELN is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month ELN has a been trading in the 13.61 - 14.64 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- When compared to the yearly performance of all other stocks, ELN outperforms 65% of them, which is more or less in line with the market.
- Considerably lower volume is observed in the last couple of days.
ELN has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 14.63. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 14.14, a Stop Loss order could be placed below this zone.
More info and screens
10.79
We found 5 important support areas.
- A support zone ranging from 14.04 to 14.14. 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 13.70 to 13.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.66 from a trend line in the weekly time frame.
- Support @11.11 from a trend line in the daily time frame.
- Support @10.90 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 14.63 to 14.64. 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 | UP | POSITIVE | The short term trend for ELN.MI is up. |
| ChartMill Relative Strength | 65.25 | NEUTRAL | ELN.MI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ELN.MI is above 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) | 51.92 | NEUTRAL | The RSI value for ELN.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ELN.MI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67 | NEUTRAL | The Stochastics value for ELN.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.55 | MEDIUM VOLATILITY | The ATR as a percentage value for ELN.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 19.51 | NEGATIVE | The low ADX value for ELN.MI 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 |
|---|---|---|---|
| 14.65 | 14.03 | 0.62 (4.23%) | 23.63% |
| An entry @14.65. This is a Buy Stop order right above the resistance zone. | An exit @14.03. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.62 points, which is 4.23%. | For a 1.00% total portfolio risk, you can invest 23.63% of your capital in this trade. |
- 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 (2/27/2026, 5:35:15 PM)
14.2
-0.22 (-1.53%)
EL.EN. SPA / ELN.MI FAQ
What is the technical rating for ELN stock?
ChartMill assigns a technical rating of 8 / 10 to ELN.MI.
What is the trend direction for ELN stock?
The current trend direction for EL.EN. SPA (ELN.MI) is Bullish.
What is the RSI signal for ELN stock?
EL.EN. SPA (ELN.MI) has an RSI value of 51.92. This indicates that the stock is currently neutral.
What is the buy/sell signal for ELN stock?
The buy/sell signal for EL.EN. SPA (ELN.MI) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for EL.EN. SPA?
EL.EN. SPA (ELN.MI) has a support level at 14.14 and a resistance level at 14.63. Check the full technical report for our detailed analysis of ELN.MI support and resistance levels.