EARLYWORKS CO LTD-ADR (ELWS) Stock Technical Analysis
USA - NASDAQ:ELWS - US27030F2020 - ADR
Overall ELWS gets a technical rating of 8 out of 10. 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.
Besides having an excellent technical rating, ELWS also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. We notice that large players showed an interest for ELWS in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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1.82
3 important support areas can be observed.
- Support @4.16 from a horizontal line in the daily time frame.
- Support @2.25 from a trend line in the weekly time frame.
- Support @1.84 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @4.63 from a horizontal line in the weekly time frame.
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 | 77.48 | POSITIVE | ELWS has a high relative strength, it outperformed 77.48% off all stocks 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) | 58.77 | NEUTRAL | The RSI value for ELWS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ELWS has a negative trend. |
| Stochastics (14,3) | 22.69 | NEUTRAL | The Stochastics value for ELWS is a neutral value. |
| Average True Range in percent/ATR (20) | 19.34 | HIGH VOLATILITY | The high ATR as a percentage value for ELWS suggests high volalility. |
| Average Directional Index/ADX (14) | 51.77 | POSITIVE | The high ADX value value for ELWS 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 |
|---|---|---|---|
| 4.64 | 4.15 | 0.49 (10.56%) | 9.47% |
| An entry @4.64. This is a Buy Stop order right above the resistance zone. | An exit @4.15. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.49 points, which is 10.56%. | For a 1.00% total portfolio risk, you can invest 9.47% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ELWS. Please evaluate whether better entry and exit points can be found.
- 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.
4.37
+0.12 (+2.82%)
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 58.7712. 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 -0.0160225, 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.