ELEVRA LITHIUM LTD (ELVR) Technical Analysis
NASDAQ:ELVR
Current stock price
ELVR Technical Rating and Analysis
Taking everything into account, ELVR scores 3 out of 10 in our technical rating. ELVR was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
- 100% of all other stocks performed better in the past year than ELVR.
- ELVR is part of the Metals & Mining industry. There are 157 other stocks in this industry, of which 89% are performing better than ELVR.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- In the last month ELVR has a been trading in the 48.16 - 60.61 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ELVR Weekly and Daily overview Charts
ELVR Setup Rating and Analysis
ELVR has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 44.26, a Stop Loss order could be placed below this zone.
More info and screens
ELVR Support and Resistance Analysis
43.82
When analyzing the support we notice one important area.
- A support zone ranging from 44.26 to 44.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 51.41 to 51.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 56.67 to 57.10. This zone is formed by a combination of multiple trend lines in the daily time frame.
ELVR 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 ELVR is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ELVR is neutral. |
| 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) | DOWN | NEGATIVE | The current price of ELVR is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 46.58 | NEUTRAL | The RSI value for ELVR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.24 | NEGATIVE | The MACD value suggests ELVR has a negative trend. |
| Stochastics (14,3) | 43.09 | NEUTRAL | The Stochastics value for ELVR is a neutral value. |
| Average True Range in percent/ATR (20) | 7.59 | HIGH VOLATILITY | The high ATR as a percentage value for ELVR suggests high volalility. |
| Average Directional Index/ADX (14) | 11.42 | NEGATIVE | The low ADX value for ELVR suggests a weak or negative trend. |
ELVR Chart- and CandleStick Pattern Analysis
ELVR Technicals: Chart, Performance Metrics, Trend & Indicators
51.4
-0.68 (-1.31%)
ELEVRA LITHIUM LTD / ELVR TA FAQ
What is the technical rating for ELVR stock?
ChartMill assigns a technical rating of 3 / 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 46.5841. 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 -0.237605, indicating a bearish trend.