ELECTROVAYA INC (ELVA.CA) Stock Technical Analysis
TSX:ELVA - CA28617B6061 - Common Stock
8.36 CAD
+0.11 (+1.33%)
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 96% of all stocks. On top of that, ELVA also shows a nice and consistent pattern of rising prices.
ELVA is part of the Electrical Equipment industry. There are 16 other stocks in this industry. ELVA outperforms 93% 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 5.86 - 8.47 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
4.15
8.44
When analyzing the support we can see 3 important areas.
- Support @6.69 from a trend line in the daily time frame.
- Support @4.91 from a trend line in the daily time frame.
- Support @4.19 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 | 96.13 | POSITIVE | ELVA.CA has a high relative strength, it outperformed 96.13% 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) | 77.52 | OVERBOUGHT | The high RSI value suggests ELVA.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests ELVA.CA has a positive trend. |
| Stochastics (14,3) | 88.8 | OVERBOUGHT | The high Stochastics value suggests ELVA.CA may be overbought. |
| Average True Range in percent/ATR (20) | 5.33 | HIGH VOLATILITY | The high ATR as a percentage value for ELVA.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 31.78 | 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 (8/29/2025, 7:00:00 PM)
8.36
+0.11 (+1.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg1.33%
1 Week28.22%
2 Weeks29.01%
1 Month25.53%
3 Month97.17%
6 Month169.68%
12 Month206.23%
2 Year91.3%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.5
ATR(20)%5.33%
ATR Inc52.44%
Range Today0.36
ADR(20)0.43
ADR(20)%5.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.13
Mansfield9.21
10 Day High8.47
10 Day Low6.13
20 Day High8.47
20 Day Low5.86
52 Week High8.47
52 Week Low2.54
CS1 End6.69
CR1 StartN/A
Volume & EV
DER(3)0.16%
DER(5)0.11%
Volume81.69K
Volume Incr134.71%
Vol(5)123.93K
Vol(50)54.09K