Taking everything into account, ELTX scores 3 out of 10 in our technical rating. ELTX has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- In the last month ELTX has a been trading in the 7.48 - 9.00 range, which is quite wide. It is currently trading near the high of this range.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When comparing the performance of all stocks over the past year, ELTX turns out to be only a medium performer in the overall market: it outperformed 67% of all stocks.
- ELTX is an average performer in the Biotechnology industry, it outperforms 61% of 525 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.
Although the technical rating is bad, ELTX does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 8.02, 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.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
4.99
We found 4 important support areas.
- A support zone ranging from 7.81 to 8.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.53 to 7.60. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @5.89 from a trend line in the weekly time frame.
- Support @5.04 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 8.26 to 8.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @9.37 from a horizontal line 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 | 67.06 | 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 | NEGATIVE | The current price of ELTX is below 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) | 52.11 | NEUTRAL | The RSI value for ELTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests ELTX has a positive trend. |
| Stochastics (14,3) | 42.15 | NEUTRAL | The Stochastics value for ELTX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.27 | HIGH VOLATILITY | The high ATR as a percentage value for ELTX suggests high volalility. |
| Average Directional Index/ADX (14) | 15.04 | NEGATIVE | The low ADX value for ELTX suggests a weak or negative trend. |
8.25
+0.44 (+5.63%)
ELICIO THERAPEUTICS INC / ELTX FAQ
Can you provide the ChartMill technical rating for ELICIO THERAPEUTICS INC?
ChartMill assigns a technical rating of 3 / 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 52.1125. 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 8.02 and a resistance level at 8.26. Check the full technical report for our detailed analysis of ELTX support and resistance levels.