Taking everything into account, ELVA scores 2 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.
The technical rating of ELVA is bad and it also does not present a 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
2.37
We found 2 important support areas.
- A support zone ranging from 4.22 to 4.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.39 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 4.74 to 4.74. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The long term trend for ELVA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ELVA is down. |
| ChartMill Relative Strength | 88.64 | POSITIVE | ELVA has a high relative strength, it outperformed 88.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ELVA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ELVA is below a declining 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) | 39.6 | NEUTRAL | The RSI value for ELVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ELVA has a positive trend. |
| Stochastics (14,3) | 36.24 | NEUTRAL | The Stochastics value for ELVA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.12 | HIGH VOLATILITY | The high ATR as a percentage value for ELVA suggests high volalility. |
| Average Directional Index/ADX (14) | 29.36 | POSITIVE | The high ADX value value for ELVA suggests a strong trend. |
4.73
+0.06 (+1.28%)
ELECTROVAYA INC / ELVA FAQ
What is the ChartMill technical rating of ELECTROVAYA INC (ELVA) stock?
ChartMill assigns a technical rating of 2 / 10 to ELVA.
Can you provide the trend direction for ELECTROVAYA INC?
The current trend direction for ELECTROVAYA INC (ELVA) is Bearish.
What is the RSI signal for ELECTROVAYA INC (ELVA) stock?
ELECTROVAYA INC (ELVA) has an RSI value of 39.6008. 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) is negative.
What is the buy/sell signal for ELVA stock?
The buy/sell signal for ELECTROVAYA INC (ELVA) is sell as both the short term and long term trends are negative.