ELECTROVAYA INC (ELVA.CA) Technical Analysis
TSX:ELVA • CA28617B6061
Taking everything into account, ELVA scores 6 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- Looking at the yearly performance, ELVA did better than 89% of all other stocks. We also observe that the gains produced by ELVA over the past year are nicely spread over this period.
- ELVA is part of the Electrical Equipment industry. There are 14 other stocks in this industry. ELVA outperforms 84% of them.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- ELVA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ELVA is lagging the market.
- In the last month ELVA has a been trading in the 9.72 - 12.87 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ELVA has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 10.86. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for ELVA 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
7.21
We found 4 important support areas.
- A support zone ranging from 10.48 to 10.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.25 to 10.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 10.00 to 10.03. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 7.28 to 7.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @11.10 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 | DOWN | NEGATIVE | The short term trend for ELVA.CA is down. |
| ChartMill Relative Strength | 89.76 | POSITIVE | ELVA.CA has a high relative strength, it outperformed 89.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ELVA.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ELVA.CA is below a declining 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) | 44.06 | NEUTRAL | The RSI value for ELVA.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ELVA.CA has a positive trend. |
| Stochastics (14,3) | 55.92 | NEUTRAL | The Stochastics value for ELVA.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.52 | HIGH VOLATILITY | The high ATR as a percentage value for ELVA.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 23.68 | NEUTRAL | The ADX value for ELVA.CA suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 11.11 | 10.47 | 0.64 (5.76%) | 17.36% |
| An entry @11.11. This is a Buy Stop order right above the resistance zone. | An exit @10.47. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.64 points, which is 5.76%. | For a 1.00% total portfolio risk, you can invest 17.36% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ELVA. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
ELVA.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:ELVA (3/10/2026, 7:00:00 PM)
11.07
+0.47 (+4.43%)
ELECTROVAYA INC / ELVA.CA FAQ
What is the ChartMill technical rating of ELECTROVAYA INC (ELVA.CA) stock?
ChartMill assigns a technical rating of 6 / 10 to ELVA.CA.
What is the trend direction for ELVA stock?
The current trend direction for ELECTROVAYA INC (ELVA.CA) is Bullish.
What is the RSI signal for ELECTROVAYA INC (ELVA.CA) stock?
ELECTROVAYA INC (ELVA.CA) has an RSI value of 44.0592. This indicates that the stock is currently neutral.
What is the short term momentum for ELVA stock?
The short term momentum for ELECTROVAYA INC (ELVA.CA) is negative.
What are the support and resistance levels for ELECTROVAYA INC (ELVA.CA) stock?
ELECTROVAYA INC (ELVA.CA) has a support level at 10.48 and a resistance level at 10.86. Check the full technical report for our detailed analysis of ELVA.CA support and resistance levels.