ELEVRA LITHIUM LTD (ELVR) Technical Analysis
NASDAQ:ELVR
Current stock price
ELVR Technical Rating and Analysis
We assign a technical rating of 7 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. 86% of 163 stocks in the same industry do better.
- The long and short term trends are both positive. This is looking good!
- In the last month ELVR has a been trading in the 53.23 - 87.79 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ELVR Weekly and Daily overview Charts
ELVR Setup Rating and Analysis
Although ELVR has an excellent technical rating, it 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
ELVR Support and Resistance Analysis
43.83
3 important support areas can be observed.
- Support @48.95 from a trend line in the daily time frame.
- Support @46.20 from a trend line in the daily time frame.
- A support zone ranging from 44.27 to 44.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 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) | 79.2 | OVERBOUGHT | The high RSI value suggests ELVR may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.85 | POSITIVE | The MACD value suggests ELVR has a positive trend. |
| Stochastics (14,3) | 93.92 | OVERBOUGHT | The high Stochastics value suggests ELVR may be overbought. |
| Average True Range in percent/ATR (20) | 4.39 | MEDIUM VOLATILITY | The ATR as a percentage value for ELVR suggests some volalility. |
| Average Directional Index/ADX (14) | 27.9 | POSITIVE | The high ADX value value for ELVR suggests a strong trend. |
ELVR Chart- and CandleStick Pattern Analysis
ELVR Technicals: Chart, Performance Metrics, Trend & Indicators
86.24
+8.95 (+11.58%)
ELEVRA LITHIUM LTD / ELVR TA FAQ
What is the technical rating for ELVR stock?
ChartMill assigns a technical rating of 7 / 10 to ELVR.
What is the trend direction for ELVR stock?
The current trend direction for ELEVRA LITHIUM LTD (ELVR) is Bullish.
What is the RSI signal for ELEVRA LITHIUM LTD (ELVR) stock?
ELEVRA LITHIUM LTD (ELVR) has an RSI value of 79.197. This indicates that the stock is currently overbought.
Can you provide the MACD signal for ELEVRA LITHIUM LTD?
The MACD indicator for ELEVRA LITHIUM LTD (ELVR) has a value of 1.8469, indicating a bullish trend.
Can you provide the support and resistance levels for ELEVRA LITHIUM LTD?
ELEVRA LITHIUM LTD (ELVR) has a support level at 48.95. Check the full technical report for our detailed analysis of ELVR support and resistance levels.