EL.EN. SPA (ELN.MI) Stock Technical Analysis
Europe - BIT:ELN - IT0005453250 - Common Stock
Taking everything into account, ELN scores 0 out of 10 in our technical rating. ELN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of ELN is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
10.75
When analyzing the support we notice one important area.
- A support zone ranging from 10.86 to 10.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 11.26 to 11.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 11.69 to 11.85. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 12.12 to 12.39. 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 | NEUTRAL | NEUTRAL | The long term trend for ELN.MI is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ELN.MI is down. |
| ChartMill Relative Strength | 31.13 | NEUTRAL | ELN.MI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ELN.MI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ELN.MI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ELN.MI is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.75 | NEUTRAL | The RSI value for ELN.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests ELN.MI has a negative trend. |
| Stochastics (14,3) | 9.66 | OVERSOLD | The low Stochastics value suggests ELN.MI may be oversold. |
| Average True Range in percent/ATR (20) | 2.53 | MEDIUM VOLATILITY | The ATR as a percentage value for ELN.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 14.34 | NEGATIVE | The low ADX value for ELN.MI suggests a weak or negative trend. |
BIT:ELN (11/7/2025, 5:35:30 PM)
10.88
+0.01 (+0.09%)
EL.EN. SPA / ELN.MI FAQ
What is the technical rating for ELN stock?
ChartMill assigns a technical rating of 0 / 10 to ELN.MI.
What is the current trend direction of EL.EN. SPA (ELN.MI) stock?
The current trend direction for EL.EN. SPA (ELN.MI) is Bearish.
What is the RSI signal for ELN stock?
EL.EN. SPA (ELN.MI) has an RSI value of 34.7549. This indicates that the stock is currently neutral.
What are the support and resistance levels for EL.EN. SPA (ELN.MI) stock?
EL.EN. SPA (ELN.MI) has a support level at 10.87 and a resistance level at 11.26. Check the full technical report for our detailed analysis of ELN.MI support and resistance levels.