ELUTIA INC (ELUT) Stock Technical Analysis
NASDAQ:ELUT - Nasdaq - US05479K1060 - Common Stock - Currency: USD
Overall ELUT gets a technical rating of 1 out of 10. ELUT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
97% of all other stocks performed better in the past year than ELUT.
ELUT is one of the lesser performing stocks in the Biotechnology industry. 79% of 558 stocks in the same industry do better.
ELUT is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so ELUT is lagging the market.
In the last month ELUT has a been trading in the 1.61 - 2.09 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ELUT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately.
More info and screens
1.69
1.97
When analyzing the support we notice one important area.
- Support @1.71 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 1.82 to 1.84. 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 1.94 to 1.95. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for ELUT is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ELUT is neutral. |
| ChartMill Relative Strength | 3.77 | NEGATIVE | ELUT has a low relative strength, it was outperformed by 96.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ELUT is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ELUT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ELUT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.27 | NEUTRAL | The RSI value for ELUT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ELUT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 19.27 | OVERSOLD | The low Stochastics value suggests ELUT may be oversold. |
| Average True Range in percent/ATR (20) | 8.79 | HIGH VOLATILITY | The high ATR as a percentage value for ELUT suggests high volalility. |
| Average Directional Index/ADX (14) | 15.9 | NEGATIVE | The low ADX value for ELUT suggests a weak or negative 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)
NASDAQ:ELUT (6/23/2025, 4:04:16 PM)
1.74
-0.07 (-3.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-3.87%
1 Week-2.25%
2 Weeks-8.42%
1 Month2.35%
3 Month-34.09%
6 Month-55.84%
12 Month-64.92%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%8.79%
ATR Inc40.31%
Range Today0.19
ADR(20)0.15
ADR(20)%8.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.77
Mansfield-4.83
10 Day High2.09
10 Day Low1.72
20 Day High2.09
20 Day Low1.61
52 Week High5.24
52 Week Low1.61
CS1 End1.71
CR1 Start1.82
Volume & EV
DER(3)-8.13%
DER(5)-8.72%
Volume29.83K
Volume Incr21.95%
Vol(5)30.45K
Vol(50)33.90K