EL.EN. SPA (ELN.MI) Stock Technical Analysis
Europe - Euronext Milan - BIT:ELN - IT0005453250 - Common Stock
We assign a technical rating of 9 out of 10 to ELN. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ELN is showing a nice and steady performance.
Although ELN has an excellent technical rating, it does not offer a high 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
10.79
3 important support areas can be observed.
- A support zone ranging from 12.56 to 12.65. 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 11.82 to 11.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 10.90 to 10.91. 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 | 82.75 | POSITIVE | ELN.MI has a high relative strength, it outperformed 82.75% off all stocks 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) | 83.86 | OVERBOUGHT | The high RSI value suggests ELN.MI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests ELN.MI has a positive trend. |
| Stochastics (14,3) | 95.62 | OVERBOUGHT | The high Stochastics value suggests ELN.MI may be overbought. |
| Average True Range in percent/ATR (20) | 1.89 | LOW VOLATILITY | The low ATR as a percentage value for ELN.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 56.92 | POSITIVE | The high ADX value value for ELN.MI suggests a strong trend. |
BIT:ELN (1/9/2026, 7:00:00 PM)
14.63
+0.21 (+1.46%)
EL.EN. SPA / ELN.MI FAQ
What is the technical rating for ELN stock?
ChartMill assigns a technical rating of 9 / 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 83.8606. This indicates that the stock is currently overbought.
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 12.65. Check the full technical report for our detailed analysis of ELN.MI support and resistance levels.