Overall ELVR gets a technical rating of 6 out of 10. In the last year, ELVR was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
ELVR has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
34.20
When analyzing the support we notice one important area.
- Support @34.55 from a trend line 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) | 75.14 | OVERBOUGHT | The high RSI value suggests ELVR may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.4 | POSITIVE | The MACD value suggests ELVR has a positive trend. |
| Stochastics (14,3) | 88.34 | OVERBOUGHT | The high Stochastics value suggests ELVR may be overbought. |
| Average True Range in percent/ATR (20) | 5.04 | HIGH VOLATILITY | The high ATR as a percentage value for ELVR suggests high volalility. |
| Average Directional Index/ADX (14) | 39.03 | POSITIVE | The high ADX value value for ELVR suggests a strong trend. |
62.29
+4.43 (+7.66%)
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 75.144. This indicates that the stock is currently overbought.
What is the MACD signal for ELVR stock?
The MACD indicator for ELEVRA LITHIUM LTD (ELVR) has a value of 0.400877, 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.