ELECTROVAYA INC (ELVA.CA) Stock Technical Analysis
Canada - TSX:ELVA - CA28617B6061 - Common Stock
Taking everything into account, ELVA scores 4 out of 10 in our technical rating. Although ELVA is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
ELVA has an average technical rating and it also does not offer a high quality setup 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
3.79
3 important support areas can be observed.
- A support zone ranging from 6.38 to 6.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.84 from a trend line in the daily time frame.
- Support @3.83 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for ELVA.CA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ELVA.CA is down. |
| ChartMill Relative Strength | 83.33 | POSITIVE | ELVA.CA has a high relative strength, it outperformed 83.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ELVA.CA is below 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) | 28.53 | OVERSOLD | The low RSI value suggests ELVA.CA may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests ELVA.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 4.92 | OVERSOLD | The low Stochastics value suggests ELVA.CA may be oversold. |
| Average True Range in percent/ATR (20) | 8.25 | HIGH VOLATILITY | The high ATR as a percentage value for ELVA.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 25.65 | POSITIVE | The high ADX value value for ELVA.CA suggests a strong trend. |
TSX:ELVA (11/19/2025, 7:00:00 PM)
6.39
-0.05 (-0.78%)
ELECTROVAYA INC / ELVA.CA FAQ
What is the ChartMill technical rating of ELECTROVAYA INC (ELVA.CA) stock?
ChartMill assigns a technical rating of 4 / 10 to ELVA.CA.
Can you provide the trend direction for ELECTROVAYA INC?
The current trend direction for ELECTROVAYA INC (ELVA.CA) is Bearish.
What is the RSI signal for ELECTROVAYA INC (ELVA.CA) stock?
ELECTROVAYA INC (ELVA.CA) has an RSI value of 28.5342. This indicates that the stock is currently oversold.
Can you provide the short term momentum for ELECTROVAYA INC?
The short term momentum for ELECTROVAYA INC (ELVA.CA) is negative.