ELEVATION GOLD MINING CORP (ELVT.CA) Technical Analysis
TSX-V:ELVT • CA28623W1077
Current stock price
ELVT.CA Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to ELVT. ELVT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 87% of all other stocks performed better in the past year than ELVT.
- ELVT is part of the Metals & Mining industry. There are 801 other stocks in this industry, of which 80% are performing better than ELVT.
- ELVT is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month ELVT has a been trading in the 0.07 - 0.10 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
ELVT.CA Weekly and Daily overview Charts
ELVT.CA Setup Rating and Analysis
The technical rating of ELVT is bad and it also does not present a 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
ELVT.CA Support and Resistance Analysis
0.07
We can see 4 important resistance areas.
- A resistance zone ranging from 0.08 to 0.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.09 to 0.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.10 from a trend line in the daily time frame.
- A resistance zone ranging from 0.11 to 0.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
ELVT.CA 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 | DOWN | NEGATIVE | The long term trend for ELVT.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ELVT.CA is down. |
| ChartMill Relative Strength | 13.21 | NEGATIVE | ELVT.CA has a low relative strength, it was outperformed by 86.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ELVT.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ELVT.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ELVT.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.29 | NEUTRAL | The RSI value for ELVT.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ELVT.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 6.67 | OVERSOLD | The low Stochastics value suggests ELVT.CA may be oversold. |
| Average True Range in percent/ATR (20) | 8 | HIGH VOLATILITY | The high ATR as a percentage value for ELVT.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 16.04 | NEGATIVE | The low ADX value for ELVT.CA suggests a weak or negative trend. |
ELVT.CA Chart- and CandleStick Pattern Analysis
ELVT.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX-V:ELVT (7/29/2024, 7:00:00 PM)
0.075
+0 (+7.14%)
ELEVATION GOLD MINING CORP / ELVT.CA TA FAQ
What is the ChartMill technical rating of ELEVATION GOLD MINING CORP (ELVT.CA) stock?
ChartMill assigns a technical rating of 0 / 10 to ELVT.CA.
What is the current trend direction of ELEVATION GOLD MINING CORP (ELVT.CA) stock?
The current trend direction for ELEVATION GOLD MINING CORP (ELVT.CA) is Bearish.
What is the RSI signal for ELVT stock?
ELEVATION GOLD MINING CORP (ELVT.CA) has an RSI value of 41.292. This indicates that the stock is currently neutral.
What is the short term momentum for ELEVATION GOLD MINING CORP (ELVT.CA) stock?
The short term momentum for ELEVATION GOLD MINING CORP (ELVT.CA) is negative.
Can you provide the support and resistance levels for ELEVATION GOLD MINING CORP?
ELEVATION GOLD MINING CORP (ELVT.CA) has a resistance level at 0.08. Check the full technical report for our detailed analysis of ELVT.CA support and resistance levels.