Taking everything into account, ELOG scores 1 out of 10 in our technical rating. ELOG performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
The technical rating of ELOG 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
1.91
When analyzing the support we notice one important area.
- Support @1.93 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 2.24 to 2.26. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
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 ELOG is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ELOG is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | ELOG has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ELOG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ELOG is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 40.1 | NEUTRAL | The RSI value for ELOG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ELOG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.66 | NEUTRAL | The Stochastics value for ELOG is a neutral value. |
| Average True Range in percent/ATR (20) | 10.2 | HIGH VOLATILITY | The high ATR as a percentage value for ELOG suggests high volalility. |
| Average Directional Index/ADX (14) | 13.89 | NEGATIVE | The low ADX value for ELOG suggests a weak or negative trend. |
2.03
-0.07 (-3.33%)
EASTERN INTERNATIONAL LTD / / ELOG FAQ
Can you provide the ChartMill technical rating for EASTERN INTERNATIONAL LTD /?
ChartMill assigns a technical rating of 1 / 10 to ELOG.
What is the current trend direction of EASTERN INTERNATIONAL LTD / (ELOG) stock?
The current trend direction for EASTERN INTERNATIONAL LTD / (ELOG) is Bullish.
What is the RSI signal for EASTERN INTERNATIONAL LTD / (ELOG) stock?
EASTERN INTERNATIONAL LTD / (ELOG) has an RSI value of 40.1041. This indicates that the stock is currently neutral.
What is the MACD signal for EASTERN INTERNATIONAL LTD / (ELOG) stock?
The MACD indicator for EASTERN INTERNATIONAL LTD / (ELOG) has a value of -0.0311202, indicating a bearish trend.
Can you provide the support and resistance levels for EASTERN INTERNATIONAL LTD /?
EASTERN INTERNATIONAL LTD / (ELOG) has a support level at 1.93 and a resistance level at 2.24. Check the full technical report for our detailed analysis of ELOG support and resistance levels.