Overall ELVR gets a technical rating of 6 out of 10. ELVR has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
ELVR has an average technical rating and the quality of the presented setup is also 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
28.86
3 important support areas can be observed.
- A support zone ranging from 35.96 to 36.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @34.85 from a trend line in the daily time frame.
- A support zone ranging from 29.15 to 29.25. This zone is formed by a combination of multiple trend lines and important moving averages 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 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) | UP | POSITIVE | The current price of ELVR is above the rising 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) | 59.1 | NEUTRAL | The RSI value for ELVR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests ELVR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.04 | OVERBOUGHT | The high Stochastics value suggests ELVR may be overbought. |
| Average True Range in percent/ATR (20) | 7.27 | HIGH VOLATILITY | The high ATR as a percentage value for ELVR suggests high volalility. |
| Average Directional Index/ADX (14) | 29.33 | POSITIVE | The high ADX value value for ELVR suggests a strong trend. |
36.25
-0.79 (-2.13%)
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 current trend direction of ELEVRA LITHIUM LTD (ELVR) stock?
The current trend direction for ELEVRA LITHIUM LTD (ELVR) is Bullish.
What is the RSI signal for ELVR stock?
ELEVRA LITHIUM LTD (ELVR) has an RSI value of 59.1048. This indicates that the stock is currently neutral.
What is the MACD signal for ELEVRA LITHIUM LTD (ELVR) stock?
The MACD indicator for ELEVRA LITHIUM LTD (ELVR) has a value of 0.041784, indicating a bearish trend.
What is the support and resistance level for ELVR stock?
ELEVRA LITHIUM LTD (ELVR) has a support level at 36.24. Check the full technical report for our detailed analysis of ELVR support and resistance levels.