ELICIO THERAPEUTICS INC (ELTX) Stock Technical Analysis
NASDAQ:ELTX • US28657F1030
We assign a technical rating of 2 out of 10 to ELTX. ELTX'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.
- When comparing the yearly performance of all stocks, ELTX is a bad performer in the overall market: 67% of all stocks are doing better.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- ELTX is an average performer in the Biotechnology industry, it outperforms 53% of 523 stocks in the same industry.
- ELTX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ELTX is lagging the market.
- In the last month ELTX has a been trading in the 7.37 - 9.82 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, ELTX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 8.37, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ELTX in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
5.01
5 important support areas can be observed.
- A support zone ranging from 8.11 to 8.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.73 from a trend line in the daily time frame.
- A support zone ranging from 7.53 to 7.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.01 from a trend line in the weekly time frame.
- Support @5.06 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @8.42 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 9.36 to 9.52. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for ELTX is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ELTX is neutral. |
| ChartMill Relative Strength | 33.13 | NEUTRAL | ELTX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ELTX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ELTX is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ELTX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.74 | NEUTRAL | The RSI value for ELTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests ELTX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 45.85 | NEUTRAL | The Stochastics value for ELTX is a neutral value. |
| Average True Range in percent/ATR (20) | 7.7 | HIGH VOLATILITY | The high ATR as a percentage value for ELTX suggests high volalility. |
| Average Directional Index/ADX (14) | 22.88 | NEUTRAL | The ADX value for ELTX suggests a possible start of a new trend. |
8.41
+0.01 (+0.12%)
ELICIO THERAPEUTICS INC / ELTX FAQ
Can you provide the ChartMill technical rating for ELICIO THERAPEUTICS INC?
ChartMill assigns a technical rating of 2 / 10 to ELTX.
Can you provide the trend direction for ELICIO THERAPEUTICS INC?
The current trend direction for ELICIO THERAPEUTICS INC (ELTX) is Bearish.
Can you provide the RSI signal for ELICIO THERAPEUTICS INC?
ELICIO THERAPEUTICS INC (ELTX) has an RSI value of 51.7364. This indicates that the stock is currently neutral.
What is the support and resistance level for ELTX stock?
ELICIO THERAPEUTICS INC (ELTX) has a support level at 8.37 and a resistance level at 8.42. Check the full technical report for our detailed analysis of ELTX support and resistance levels.