ELECTROVAYA INC (ELVA.CA) Stock Technical Analysis
TSX:ELVA - Toronto Stock Exchange - CA28617B6061 - Common Stock - Currency: CAD
Overall ELVA gets a technical rating of 10 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.
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 94% 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 16 other stocks in this industry. ELVA outperforms 73% of them.
ELVA is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month ELVA has a been trading in the 4.95 - 7.15 range, which is quite wide. It is currently trading near the high of this range.
Although ELVA has an excellent technical rating, the quality of the presented setup is not ideal 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
3.41
7.00
We found 5 important support areas.
- Support @6.39 from a horizontal line in the daily time frame.
- Support @4.70 from a trend line in the daily time frame.
- Support @4.19 from a horizontal line in the daily time frame.
- Support @3.56 from a trend line in the weekly time frame.
- Support @3.44 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @6.93 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 | 94.23 | POSITIVE | ELVA.CA has a high relative strength, it outperformed 94.23% 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) | 66.34 | NEUTRAL | The RSI value for ELVA.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ELVA.CA has a negative trend. |
| Stochastics (14,3) | 78.92 | NEUTRAL | The Stochastics value for ELVA.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.92 | HIGH VOLATILITY | The high ATR as a percentage value for ELVA.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 40.35 | 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 (8/13/2025, 7:00:00 PM)
6.77
-0.15 (-2.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-2.17%
1 Week5.78%
2 Weeks-1.46%
1 Month27.02%
3 Month61.58%
6 Month90.7%
12 Month142.65%
2 Year54.92%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.37
ATR(20)%5.92%
ATR Inc4.33%
Range Today0.38
ADR(20)0.39
ADR(20)%5.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.23
Mansfield6.15
10 Day High7.15
10 Day Low6.11
20 Day High7.15
20 Day Low4.95
52 Week High7.15
52 Week Low2.54
CS1 End6.39
CR1 Start6.93
Volume & EV
DER(3)0.17%
DER(5)0.29%
Volume66.31K
Volume Incr-19.32%
Vol(5)44.28K
Vol(50)40.17K