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.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that ELVA is one of the better performing stocks in the market, outperforming 98% 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 91 other stocks in this industry. ELVA outperforms 95% 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 6.47 - 9.96 range, which is quite wide. It is currently trading near the high of this range.
- 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
8.46
We found 2 important support areas.
- A support zone ranging from 8.86 to 8.95. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @8.55 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 is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ELVA is up. |
| ChartMill Relative Strength | 98.68 | POSITIVE | ELVA has a high relative strength, it outperformed 98.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ELVA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ELVA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ELVA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 80.01 | OVERBOUGHT | The high RSI value suggests ELVA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests ELVA has a positive trend. |
| Stochastics (14,3) | 85.74 | OVERBOUGHT | The high Stochastics value suggests ELVA may be overbought. |
| Average True Range in percent/ATR (20) | 5.55 | HIGH VOLATILITY | The high ATR as a percentage value for ELVA suggests high volalility. |
| Average Directional Index/ADX (14) | 52.93 | POSITIVE | The high ADX value value for ELVA suggests a strong trend. |
9.82
+0.76 (+8.39%)
ELECTROVAYA INC / ELVA FAQ
What is the ChartMill technical rating of ELECTROVAYA INC (ELVA) stock?
ChartMill assigns a technical rating of 10 / 10 to ELVA.
What is the trend direction for ELVA stock?
The current trend direction for ELECTROVAYA INC (ELVA) is Bullish.
What is the RSI signal for ELECTROVAYA INC (ELVA) stock?
ELECTROVAYA INC (ELVA) has an RSI value of 80.0093. 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) is positive.
What are the support and resistance levels for ELECTROVAYA INC (ELVA) stock?
ELECTROVAYA INC (ELVA) has a support level at 8.95. Check the full technical report for our detailed analysis of ELVA support and resistance levels.