ENLIVEN THERAPEUTICS INC (ELVN) Stock Technical Analysis
NASDAQ:ELVN - Nasdaq - US29337E1029 - Common Stock - Currency: USD
Taking everything into account, ELVN scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ELVN is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the performance of all stocks over the past year, ELVN turns out to be only a medium performer in the overall market: it outperformed 43% of all stocks.
ELVN is an average performer in the Pharmaceuticals industry, it outperforms 65% of 195 stocks in the same industry.
ELVN 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 ELVN is lagging the market slightly.
In the last month ELVN has a been trading in the 15.81 - 24.11 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although ELVN has an excellent technical rating, the quality of the presented setup is not ideal 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
16.34
23.32
When analyzing the support we can see 2 important areas.
- A support zone ranging from 19.60 to 19.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 16.51 to 16.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @21.91 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 22.75 to 23.09. This zone is formed by a combination of multiple trend lines 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 ELVN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ELVN is up. |
| ChartMill Relative Strength | 43.72 | NEUTRAL | ELVN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ELVN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ELVN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ELVN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.53 | NEUTRAL | The RSI value for ELVN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests ELVN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.84 | NEUTRAL | The Stochastics value for ELVN is a neutral value. |
| Average True Range in percent/ATR (20) | 7.74 | HIGH VOLATILITY | The high ATR as a percentage value for ELVN suggests high volalility. |
| Average Directional Index/ADX (14) | 23.9 | NEUTRAL | The ADX value for ELVN suggests a possible start of a new 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)
21.3
-0.27 (-1.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-1.25%
1 Week8.34%
2 Weeks-0.33%
1 Month25.81%
3 Month1.04%
6 Month-5.21%
12 Month-0.65%
2 Year4.36%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.99
ATR(20)%7.74%
ATR Inc-45.95%
Range Today0.98
ADR(20)1.63
ADR(20)%7.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS43.72
Mansfield-0.83
10 Day High24.11
10 Day Low18.53
20 Day High24.11
20 Day Low15.81
52 Week High30.03
52 Week Low13.3
CS1 End19.86
CR1 Start21.91
Volume & EV
DER(3)-5.44%
DER(5)-1.96%
Volume518.50K
Volume Incr196.49%
Vol(5)1.22M
Vol(50)445.48K