ELECTROVAYA INC (ELVA.CA) Stock Technical Analysis
Canada • Toronto Stock Exchange • TSX:ELVA • CA28617B6061
We assign a technical rating of 10 out of 10 to ELVA. Both in the recent history as in the last year, ELVA has proven to be a steady performer, scoring decent points in every aspect analyzed.
- In the last month ELVA has a been trading in the 11.11 - 16.21 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- Looking at the yearly performance, ELVA did better than 93% 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 15 other stocks in this industry. ELVA outperforms 100% of them.
- ELVA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ELVA is lagging the market slightly.
Although ELVA has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
6.90
We found 4 important support areas.
- Support @12.04 from a horizontal line in the weekly time frame.
- A support zone ranging from 11.45 to 11.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 11.20 to 11.25. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 6.97 to 6.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @15.25 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 | NEUTRAL | NEUTRAL | The short term trend for ELVA.CA is neutral. |
| ChartMill Relative Strength | 93.77 | POSITIVE | ELVA.CA has a high relative strength, it outperformed 93.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ELVA.CA is below 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) | 46.54 | NEUTRAL | The RSI value for ELVA.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.47 | NEGATIVE | The MACD value suggests ELVA.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.18 | NEUTRAL | The Stochastics value for ELVA.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 9.3 | HIGH VOLATILITY | The high ATR as a percentage value for ELVA.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 37.93 | POSITIVE | The high ADX value value for ELVA.CA suggests a strong trend. |
TSX:ELVA (2/10/2026, 7:00:00 PM)
12.28
-0.42 (-3.31%)
ELECTROVAYA INC / ELVA.CA FAQ
What is the ChartMill technical rating of ELECTROVAYA INC (ELVA.CA) stock?
ChartMill assigns a technical rating of 10 / 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 46.544. 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 neutral.
What are the support and resistance levels for ELECTROVAYA INC (ELVA.CA) stock?
ELECTROVAYA INC (ELVA.CA) has a support level at 12.04 and a resistance level at 15.25. Check the full technical report for our detailed analysis of ELVA.CA support and resistance levels.