ELECTROVAYA INC (ELVA.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:ELVA - CA28617B6061 - Common Stock
Taking everything into account, ELVA scores 10 out of 10 in our technical rating. 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.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that ELVA is one of the better performing stocks in the market, outperforming 93% of all 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.
- 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 8.65 - 13.85 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.
- 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 present a decent entry opportunity 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
11.67
When analyzing the support we can see 2 important areas.
- A support zone ranging from 12.25 to 12.33. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @11.79 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 | 93.72 | POSITIVE | ELVA.CA has a high relative strength, it outperformed 93.72% 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) | 80.89 | OVERBOUGHT | The high RSI value suggests ELVA.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests ELVA.CA has a positive trend. |
| Stochastics (14,3) | 88.5 | OVERBOUGHT | The high Stochastics value suggests ELVA.CA may be overbought. |
| Average True Range in percent/ATR (20) | 5.13 | HIGH VOLATILITY | The high ATR as a percentage value for ELVA.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 55.56 | POSITIVE | The high ADX value value for ELVA.CA suggests a strong trend. |
TSX:ELVA (1/16/2026, 7:00:00 PM)
13.68
+1.11 (+8.83%)
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 80.8891. This indicates that the stock is currently overbought.
What is the short term momentum for ELVA stock?
The short term momentum for ELECTROVAYA INC (ELVA.CA) is positive.
What are the support and resistance levels for ELECTROVAYA INC (ELVA.CA) stock?
ELECTROVAYA INC (ELVA.CA) has a support level at 12.33. Check the full technical report for our detailed analysis of ELVA.CA support and resistance levels.