ELECTROVAYA INC (ELVA.CA) Stock Technical Analysis
TSX:ELVA - Toronto Stock Exchange - CA28617B6061 - Common Stock - Currency: CAD
Overall ELVA gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ELVA is showing a nice and steady performance.
Warning: ELVA has an average volume of 17317 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
ELVA is part of the Electrical Equipment industry. There are 503 other stocks in this industry. ELVA outperforms 99% of them.
A new 52 week high is currently being made by ELVA, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month ELVA has a been trading in the 3.76 - 4.94 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When comparing the yearly performance of all stocks, we notice that ELVA is one of the better performing stocks in the market, outperforming 83% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although ELVA has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
2.82
4.95
We found 7 important support areas.
- A support zone ranging from 4.34 to 4.35. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @4.18 from a horizontal line in the daily time frame.
- Support @3.82 from a trend line in the daily time frame.
- Support @3.39 from a trend line in the weekly time frame.
- Support @3.16 from a horizontal line in the weekly time frame.
- Support @2.91 from a horizontal line in the daily time frame.
- Support @2.85 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 | UP | POSITIVE | The long term trend for ELVA.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ELVA.CA is up. |
| ChartMill Relative Strength | 83.95 | POSITIVE | ELVA.CA has a high relative strength, it outperformed 83.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ELVA.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ELVA.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ELVA.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.69 | OVERBOUGHT | The high RSI value suggests ELVA.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests ELVA.CA has a positive trend. |
| Stochastics (14,3) | 90.59 | OVERBOUGHT | The high Stochastics value suggests ELVA.CA may be overbought. |
| Average True Range in percent/ATR (20) | 4.22 | MEDIUM VOLATILITY | The ATR as a percentage value for ELVA.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 35 | POSITIVE | The high ADX value value for ELVA.CA suggests a strong 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)
TSX:ELVA (6/10/2025, 7:00:00 PM)
4.9
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg0%
1 Week7.46%
2 Weeks14.75%
1 Month28.95%
3 Month36.49%
6 Month36.11%
12 Month21.29%
2 Year2.73%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%4.22%
ATR Inc62.73%
Range Today0.17
ADR(20)0.19
ADR(20)%3.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.95
Mansfield3.56
10 Day High4.94
10 Day Low4.09
20 Day High4.94
20 Day Low3.76
52 Week High4.94
52 Week Low2.54
CS1 End4.35
CR1 StartN/A
Volume & EV
DER(3)8.33%
DER(5)4.2%
Volume36.83K
Volume Incr94.98%
Vol(5)41.67K
Vol(50)17.32K