ELEVATE CREDIT INC (ELVT) Stock Technical Analysis
NYSE:ELVT • US28621V1017
We assign a technical rating of 6 out of 10 to ELVT. Although ELVT 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, ELVT is a bad performer in the overall market: 79% of all stocks are doing better.
- The long and short term trends are both positive. This is looking good!
- ELVT is part of the Consumer Finance industry. There are 54 other stocks in this industry, ELVT did better than 47% of them.
- ELVT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ELVT is lagging the market.
- In the last month ELVT has a been trading in a tight range between 1.77 and 1.87.
- Volume is considerably higher in the last couple of days.
ELVT has an average technical rating and the quality of the presented setup is also not ideal 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
1.72
We found 1 important support area.
- A support zone ranging from 1.74 to 1.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 1.88 to 1.88. 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 | UP | POSITIVE | The long term trend for ELVT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ELVT is up. |
| ChartMill Relative Strength | 21.69 | NEGATIVE | ELVT has a low relative strength, it was outperformed by 78.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ELVT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ELVT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ELVT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 69.2 | NEUTRAL | The RSI value for ELVT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ELVT has a positive trend. |
| Stochastics (14,3) | 94.54 | OVERBOUGHT | The high Stochastics value suggests ELVT may be overbought. |
| Average True Range in percent/ATR (20) | 1.16 | LOW VOLATILITY | The low ATR as a percentage value for ELVT suggests low volalility. |
| Average Directional Index/ADX (14) | 37.62 | POSITIVE | The high ADX value value for ELVT suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1.89 | 1.81 | 0.08 (4.23%) | 23.63% |
| An entry @1.89. This is a Buy Stop order right above the resistance zone. | An exit @1.81. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.08 points, which is 4.23%. | For a 1.00% total portfolio risk, you can invest 23.63% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NYSE:ELVT (2/27/2023, 8:04:00 PM)
1.87
+0.01 (+0.54%)
ELEVATE CREDIT INC / ELVT FAQ
What is the ChartMill technical rating of ELEVATE CREDIT INC (ELVT) stock?
ChartMill assigns a technical rating of 6 / 10 to ELVT.
What is the current trend direction of ELEVATE CREDIT INC (ELVT) stock?
The current trend direction for ELEVATE CREDIT INC (ELVT) is Bullish.
Can you provide the RSI signal for ELEVATE CREDIT INC?
ELEVATE CREDIT INC (ELVT) has an RSI value of 69.1977. This indicates that the stock is currently neutral.
What is the buy/sell signal for ELEVATE CREDIT INC (ELVT) stock?
The buy/sell signal for ELEVATE CREDIT INC (ELVT) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for ELEVATE CREDIT INC (ELVT) stock?
ELEVATE CREDIT INC (ELVT) has a support level at 1.84 and a resistance level at 1.88. Check the full technical report for our detailed analysis of ELVT support and resistance levels.