ELICIO THERAPEUTICS INC (ELTX) Stock Technical Analysis
NASDAQ:ELTX - Nasdaq - US28657F1030 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to ELTX. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month ELTX has a been trading in the 8.51 - 10.75 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, ELTX did better than 95% of all other stocks.
ELTX is part of the Biotechnology industry. There are 550 other stocks in this industry. ELTX outperforms 92% of them.
ELTX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ELTX is lagging the market slightly.
Besides having an excellent technical rating, ELTX also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
4.83
8.74
3 important support areas can be observed.
- A support zone ranging from 8.59 to 8.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.17 to 5.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 4.88 to 4.88. 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 ELTX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ELTX is neutral. |
| ChartMill Relative Strength | 95.98 | POSITIVE | ELTX has a high relative strength, it outperformed 95.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ELTX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ELTX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ELTX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.54 | NEUTRAL | The RSI value for ELTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests ELTX has a negative trend. |
| Stochastics (14,3) | 12.67 | OVERSOLD | The low Stochastics value suggests ELTX may be oversold. |
| Average True Range in percent/ATR (20) | 7.87 | HIGH VOLATILITY | The high ATR as a percentage value for ELTX suggests high volalility. |
| Average Directional Index/ADX (14) | 37.25 | POSITIVE | The high ADX value value for ELTX suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
8.65
-0.55 (-5.98%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-5.98%
1 Week-12.89%
2 Weeks-14.69%
1 Month-3.89%
3 Month62.29%
6 Month5.88%
12 Month96.59%
2 Year4.72%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.74
ATR(20)%7.87%
ATR Inc-6.74%
Range Today0.84
ADR(20)0.67
ADR(20)%7.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.98
Mansfield2.4
10 Day High10.75
10 Day Low8.51
20 Day High10.75
20 Day Low8.51
52 Week High10.75
52 Week Low3.7
CS1 End8.64
CR1 StartN/A
Volume & EV
DER(3)-1.28%
DER(5)-5.88%
Volume94.80K
Volume Incr29%
Vol(5)47.18K
Vol(50)45.98K