ELSE Technical Analysis - ELECTRO-SENSORS INC

Technical Rating and Analysis

Overall ELSE gets a technical rating of 5 out of 10. ELSE has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.

Warning: ELSE has an average volume of 4369 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.

In the last month ELSE has a been trading in the 4.61 - 5.00 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.

Looking at the yearly performance, ELSE did better than 74% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.

ELSE is an average performer in the Electronic Equipment, Instruments & Components industry, it outperforms 45% of 124 stocks in the same industry.

ELSE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ELSE is lagging the market.

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

ELECTRO-SENSORS INC / ELSE Weekly stock chart

ELECTRO-SENSORS INC / ELSE Daily stock chart

Setup Rating and Analysis

ELSE has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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 4.81. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.73, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ELSE in the last couple of days, which is a good sign.

Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.68

5.06

We found 5 important support areas.

A support zone ranging from 4.64 to 4.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 4.55 to 4.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 4.17 to 4.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @3.80 from a horizontal line in the weekly time frame.
Support @3.72 from a horizontal line in the weekly time frame.

We can see 2 important resistance areas.

A resistance zone ranging from 4.81 to 4.87. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 4.96 to 5.01. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	UP	POSITIVE	The long term trend for ELSE is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for ELSE is neutral.
ChartMill Relative Strength	74.36	POSITIVE	ELSE has a high relative strength, it outperformed 74.36% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of ELSE is below the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of ELSE is above a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ELSE is above the rising SMA(200).
Relative Strength Index/RSI (14)	48.52	NEUTRAL	The RSI value for ELSE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests ELSE has a negative trend.
Stochastics (14,3)	30.77	NEUTRAL	The Stochastics value for ELSE is a neutral value.
Average True Range in percent/ATR (20)	2.66	MEDIUM VOLATILITY	The ATR as a percentage value for ELSE suggests some volalility.
Average Directional Index/ADX (14)	28.75	POSITIVE	The high ADX value value for ELSE suggests a strong trend.