Overall ELUT gets a technical rating of 2 out of 10. 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.
Although the technical rating is bad, ELUT does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price.
0.72
When analyzing the resistance we notice one important area.
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 | 5.74 | NEGATIVE | ELUT has a low relative strength, it was outperformed by 94.26% 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) | DOWN | MIXED | The current price of ELUT is above 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) | 58.92 | NEUTRAL | The RSI value for ELUT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ELUT has a positive trend. |
| Stochastics (14,3) | 75.27 | NEUTRAL | The Stochastics value for ELUT is a neutral value. |
| Average True Range in percent/ATR (20) | 10.66 | HIGH VOLATILITY | The high ATR as a percentage value for ELUT suggests high volalility. |
| Average Directional Index/ADX (14) | 20.27 | NEUTRAL | The ADX value for ELUT suggests a possible start of a new trend. |
0.723
+0.03 (+4.71%)
ChartMill assigns a technical rating of 2 / 10 to ELUT.
The current trend direction for ELUTIA INC (ELUT) is Bearish.
ELUTIA INC (ELUT) has an RSI value of 58.9246. This indicates that the stock is currently neutral.
The short term momentum for ELUTIA INC (ELUT) is positive.
The buy/sell signal for ELUTIA INC (ELUT) is hold as the short term and long term trends are mixed.