ELEVATION GOLD MINING CORP (ELVT.CA) Stock Technical Analysis
Canada - TSX-V:ELVT - CA28623W1077 - Common Stock
Overall ELVT gets a technical rating of 0 out of 10. ELVT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
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
0.07
When analyzing the resistance we notice 4 important 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.
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. |
TSX-V:ELVT (7/29/2024, 7:00:00 PM)
0.075
+0 (+7.14%)
ELEVATION GOLD MINING CORP / ELVT.CA 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 trend direction for ELVT stock?
The current trend direction for ELEVATION GOLD MINING CORP (ELVT.CA) is Bearish.
Can you provide the RSI signal for ELEVATION GOLD MINING CORP?
ELEVATION GOLD MINING CORP (ELVT.CA) has an RSI value of 41.292. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ELEVATION GOLD MINING CORP?
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.