ELECTROVAYA INC (ELVA.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:ELVA - CA28617B6061 - Common Stock
Taking everything into account, ELVA scores 6 out of 10 in our technical rating. In the past year, ELVA was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
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
3.85
When analyzing the support we can see 4 important areas.
- Support @6.42 from a horizontal line in the daily time frame.
- Support @6.27 from a trend line in the weekly time frame.
- Support @6.09 from a trend line in the daily time frame.
- Support @3.89 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 7.45 to 7.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | UP | POSITIVE | The short term trend for ELVA.CA is up. |
| ChartMill Relative Strength | 83.03 | POSITIVE | ELVA.CA has a high relative strength, it outperformed 83.03% 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) | 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) | 55.85 | NEUTRAL | The RSI value for ELVA.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests ELVA.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.7 | OVERBOUGHT | The high Stochastics value suggests ELVA.CA may be overbought. |
| Average True Range in percent/ATR (20) | 4.92 | MEDIUM VOLATILITY | The ATR as a percentage value for ELVA.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 20.58 | NEUTRAL | The ADX value for ELVA.CA suggests a possible start of a new trend. |
TSX:ELVA (12/10/2025, 7:00:00 PM)
7.44
+0.03 (+0.4%)
ELECTROVAYA INC / ELVA.CA FAQ
What is the ChartMill technical rating of ELECTROVAYA INC (ELVA.CA) stock?
ChartMill assigns a technical rating of 6 / 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 55.8541. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ELECTROVAYA INC?
The short term momentum for ELECTROVAYA INC (ELVA.CA) is positive.