ELECTROVAYA INC (ELVA.CA) Technical Analysis
TSX:ELVA • CA28617B6061
Current stock price
ELVA.CA Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to ELVA. 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.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, ELVA did better than 92% of all other stocks. On top of that, ELVA also shows a nice and consistent pattern of rising prices.
- ELVA is part of the Electrical Equipment industry. There are 15 other stocks in this industry. ELVA outperforms 100% of them.
- In the last month ELVA has a been trading in the 9.79 - 12.07 range, which is quite wide. It is currently trading near the high of this range.
- 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.
- Considerably lower volume is observed in the last couple of days.
ELVA.CA Weekly and Daily overview Charts
ELVA.CA Setup Rating and Analysis
Besides having an excellent technical rating, ELVA also presents 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 11.47. Right above this resistance zone may be a good entry point.
More info and screens
ELVA.CA Support and Resistance Analysis
7.51
6 important support areas can be observed.
- A support zone ranging from 10.79 to 10.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.41 to 10.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.03 from a horizontal line in the daily time frame.
- A support zone ranging from 9.86 to 9.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.72 from a trend line in the daily time frame.
- Support @7.59 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 11.47 to 11.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
ELVA.CA Technical Indicator Signal Analysis
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 | 92.82 | POSITIVE | ELVA.CA has a high relative strength, it outperformed 92.82% 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 | MIXED | The current price of ELVA.CA is above 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) | 55.03 | NEUTRAL | The RSI value for ELVA.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests ELVA.CA has a positive trend. |
| Stochastics (14,3) | 82.43 | OVERBOUGHT | The high Stochastics value suggests ELVA.CA may be overbought. |
| Average True Range in percent/ATR (20) | 6.34 | HIGH VOLATILITY | The high ATR as a percentage value for ELVA.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 11.2 | NEGATIVE | The low ADX value for ELVA.CA suggests a weak or negative trend. |
ELVA.CA Chart- and CandleStick Pattern Analysis
ELVA.CA Example Setup
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 |
|---|---|---|---|
| 11.48 | 10.78 | 0.70 (6.10%) | 16.40% |
| An entry @11.48. This is a Buy Stop order right above the resistance zone. | An exit @10.78. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.70 points, which is 6.10%. | For a 1.00% total portfolio risk, you can invest 16.40% 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 (4/10/2026, 7:00:00 PM)
11.46
+0.09 (+0.79%)
ELECTROVAYA INC / ELVA.CA TA FAQ
What is the ChartMill technical rating of ELECTROVAYA INC (ELVA.CA) stock?
ChartMill assigns a technical rating of 8 / 10 to ELVA.CA.
What is the trend direction for ELVA stock?
The current trend direction for ELECTROVAYA INC (ELVA.CA) is Bullish.
Can you provide the RSI signal for ELECTROVAYA INC?
ELECTROVAYA INC (ELVA.CA) has an RSI value of 55.0328. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ELECTROVAYA INC?
The MACD indicator for ELECTROVAYA INC (ELVA.CA) has a value of 0.131932, indicating a bearish trend.
Can you provide the buy/sell signal for ELECTROVAYA INC?
The buy/sell signal for ELECTROVAYA INC (ELVA.CA) is buy as both the short term and long term trends are positive.