EARLYWORKS CO LTD-ADR (ELWS) Stock Technical Analysis
USA - NASDAQ:ELWS - US27030F2020 - ADR
Taking everything into account, ELWS scores 8 out of 10 in our technical rating. Although ELWS is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
ELWS has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
1.82
2 important support areas can be observed.
- Support @2.25 from a trend line in the weekly time frame.
- Support @1.84 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @4.26 from a trend line in the daily time frame.
- A resistance zone ranging from 4.57 to 4.63. 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 ELWS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ELWS is up. |
| ChartMill Relative Strength | 68.6 | NEUTRAL | ELWS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ELWS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ELWS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ELWS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.52 | NEUTRAL | The RSI value for ELWS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ELWS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 24.95 | NEUTRAL | The Stochastics value for ELWS is a neutral value. |
| Average True Range in percent/ATR (20) | 20.04 | HIGH VOLATILITY | The high ATR as a percentage value for ELWS suggests high volalility. |
| Average Directional Index/ADX (14) | 49.64 | POSITIVE | The high ADX value value for ELWS suggests a strong trend. |
4.17
-0.06 (-1.42%)
EARLYWORKS CO LTD-ADR / ELWS FAQ
What is the technical rating for ELWS stock?
ChartMill assigns a technical rating of 8 / 10 to ELWS.
What is the trend direction for ELWS stock?
The current trend direction for EARLYWORKS CO LTD-ADR (ELWS) is Bullish.
What is the RSI signal for ELWS stock?
EARLYWORKS CO LTD-ADR (ELWS) has an RSI value of 56.5171. This indicates that the stock is currently neutral.
What is the MACD signal for ELWS stock?
The MACD indicator for EARLYWORKS CO LTD-ADR (ELWS) has a value of 0.00306173, indicating a bearish trend.
What is the buy/sell signal for EARLYWORKS CO LTD-ADR (ELWS) stock?
The buy/sell signal for EARLYWORKS CO LTD-ADR (ELWS) is buy as both the short term and long term trends are positive.