ELPW Technical Analysis - ELONG POWER HOLDING-A

Technical Rating and Analysis

Overall ELPW gets a technical rating of 1 out of 10. ELPW'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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, ELPW is a bad performer in the overall market: 100% of all stocks are doing better.

ELPW is part of the Electrical Equipment industry. There are 93 other stocks in this industry, of which 93% are performing better than ELPW.

In the last month ELPW has a been trading in the 0.30 - 0.74 range, which is quite wide. It is currently trading near the lows of this range.

ELPW has an average volume of 5213770 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ELONG POWER HOLDING-A / ELPW Weekly stock chart

ELONG POWER HOLDING-A / ELPW Daily stock chart

Setup Rating and Analysis

ELPW has a poor technical rating and the quality of the setup is also only medium 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.31

0.37

When analyzing the support we can see 2 important areas.

Support @0.33 from a horizontal line in the daily time frame.
A support zone ranging from 0.31 to 0.31. This zone is formed by a combination of multiple trend lines in the daily time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The long term trend for ELPW is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for ELPW is down.
ChartMill Relative Strength	0	NEGATIVE	ELPW has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of ELPW is below the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ELPW is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of ELPW is below a declining SMA(200).
Relative Strength Index/RSI (14)	39.72	NEUTRAL	The RSI value for ELPW is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.04	POSITIVE	The MACD value suggests ELPW has a positive trend, although the MACD value is declining.
Stochastics (14,3)	12.72	OVERSOLD	The low Stochastics value suggests ELPW may be oversold.
Average True Range in percent/ATR (20)	22.83	HIGH VOLATILITY	The high ATR as a percentage value for ELPW suggests high volalility.
Average Directional Index/ADX (14)	19.76	NEGATIVE	The low ADX value for ELPW suggests a weak or negative trend.