We assign a technical rating of 6 out of 10 to ELVR. Although ELVR is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- When comparing the yearly performance of all stocks, ELVR is a bad performer in the overall market: 100% of all stocks are doing better.
- ELVR is one of the lesser performing stocks in the Metals & Mining industry. 90% of 157 stocks in the same industry do better.
- Both the short term and long term trends are positive. This is a very positive sign.
- In the last month ELVR has a been trading in the 44.12 - 68.78 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ELVR has an average technical rating and it also does not offer a high 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
38.88
We found 2 important support areas.
- A support zone ranging from 47.04 to 47.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @39.27 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 55.42 to 56.00. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for ELVR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ELVR is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | ELVR has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ELVR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ELVR is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 53.46 | NEUTRAL | The RSI value for ELVR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.6 | NEGATIVE | The MACD value suggests ELVR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 41.7 | NEUTRAL | The Stochastics value for ELVR is a neutral value. |
| Average True Range in percent/ATR (20) | 7.31 | HIGH VOLATILITY | The high ATR as a percentage value for ELVR suggests high volalility. |
| Average Directional Index/ADX (14) | 24.7 | NEUTRAL | The ADX value for ELVR suggests a possible start of a new trend. |
55.41
+2.07 (+3.88%)
ELEVRA LITHIUM LTD / ELVR FAQ
What is the technical rating for ELVR stock?
ChartMill assigns a technical rating of 6 / 10 to ELVR.
What is the trend direction for ELVR stock?
The current trend direction for ELEVRA LITHIUM LTD (ELVR) is Bullish.
Can you provide the RSI signal for ELEVRA LITHIUM LTD?
ELEVRA LITHIUM LTD (ELVR) has an RSI value of 53.4625. This indicates that the stock is currently neutral.
What is the MACD signal for ELVR stock?
The MACD indicator for ELEVRA LITHIUM LTD (ELVR) has a value of -0.597597, indicating a bearish trend.
Can you provide the buy/sell signal for ELEVRA LITHIUM LTD?
The buy/sell signal for ELEVRA LITHIUM LTD (ELVR) is buy as both the short term and long term trends are positive.