ELECTROVAYA INC (ELVA) Technical Analysis
NASDAQ:ELVA • CA28617B6061
Current stock price
ELVA Technical Rating and Analysis
We assign a technical rating of 5 out of 10 to ELVA. ELVA was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- In the last month ELVA has a been trading in the 7.05 - 8.84 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that ELVA is one of the better performing stocks in the market, outperforming 97% of all stocks. On top of that, ELVA also shows a nice and consistent pattern of rising prices.
- ELVA is one of the better performing stocks in the Electrical Equipment industry, it outperforms 86% of 92 stocks in the same industry.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- ELVA is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ELVA is lagging the market slightly.
- Considerably lower volume is observed in the last couple of days.
ELVA Weekly and Daily overview Charts
ELVA Setup Rating and Analysis
Although the technical rating is only medium, ELVA does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 7.30, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ELVA in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
ELVA Support and Resistance Analysis
5.07
3 important support areas can be observed.
- A support zone ranging from 7.23 to 7.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.34 from a trend line in the weekly time frame.
- Support @5.12 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @7.43 from a trend line in the daily time frame.
- A resistance zone ranging from 7.56 to 7.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @7.99 from a horizontal line in the weekly time frame.
ELVA Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for ELVA is down. |
| ChartMill Relative Strength | 97.28 | POSITIVE | ELVA has a high relative strength, it outperformed 97.28% 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) | 43.08 | NEUTRAL | The RSI value for ELVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ELVA has a negative trend. |
| Stochastics (14,3) | 22.22 | NEUTRAL | The Stochastics value for ELVA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.86 | HIGH VOLATILITY | The high ATR as a percentage value for ELVA suggests high volalility. |
| Average Directional Index/ADX (14) | 15.06 | NEGATIVE | The low ADX value for ELVA suggests a weak or negative trend. |
ELVA Chart- and CandleStick Pattern Analysis
ELVA Technicals: Chart, Performance Metrics, Trend & Indicators
7.4
+0.05 (+0.68%)
ELECTROVAYA INC / ELVA TA FAQ
What is the ChartMill technical rating of ELECTROVAYA INC (ELVA) stock?
ChartMill assigns a technical rating of 5 / 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 43.0781. This indicates that the stock is currently neutral.
What is the short term momentum for ELVA stock?
The short term momentum for ELECTROVAYA INC (ELVA) is negative.
What are the support and resistance levels for ELECTROVAYA INC (ELVA) stock?
ELECTROVAYA INC (ELVA) has a support level at 7.3 and a resistance level at 7.43. Check the full technical report for our detailed analysis of ELVA support and resistance levels.