Taking everything into account, ELUT scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. ELUT was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, ELUT is a bad performer in the overall market: 88% of all stocks are doing better.
- ELUT is part of the Biotechnology industry. There are 524 other stocks in this industry, of which 64% are performing better than ELUT.
- ELUT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month ELUT has a been trading in the 0.68 - 1.15 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, ELUT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 1.06. Right above this resistance zone may be a good entry point.
More info and screens
0.93
When analyzing the support we notice one important area.
- Support @0.94 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 1.06 to 1.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.40 from a trend line in the weekly 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 | UP | POSITIVE | The short term trend for ELUT is up. |
| ChartMill Relative Strength | 12.95 | NEGATIVE | ELUT has a low relative strength, it was outperformed by 87.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ELUT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ELUT is above the rising 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) | 60.48 | NEUTRAL | The RSI value for ELUT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ELUT has a negative trend. |
| Stochastics (14,3) | 54.8 | NEUTRAL | The Stochastics value for ELUT is a neutral value. |
| Average True Range in percent/ATR (20) | 11.3 | HIGH VOLATILITY | The high ATR as a percentage value for ELUT suggests high volalility. |
| Average Directional Index/ADX (14) | 43.34 | POSITIVE | The high ADX value value for ELUT suggests a strong trend. |
0.9871
+0.04 (+4.73%)
ELUTIA INC / ELUT FAQ
Can you provide the ChartMill technical rating for ELUTIA INC?
ChartMill assigns a technical rating of 4 / 10 to ELUT.
Can you provide the trend direction for ELUTIA INC?
The current trend direction for ELUTIA INC (ELUT) is Bearish.
Can you provide the RSI signal for ELUTIA INC?
ELUTIA INC (ELUT) has an RSI value of 60.4843. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ELUTIA INC?
The short term momentum for ELUTIA INC (ELUT) is positive.
Can you provide the buy/sell signal for ELUTIA INC?
The buy/sell signal for ELUTIA INC (ELUT) is hold as the short term and long term trends are mixed.