ELAUWIT CONNECTION INC (ELWT) Technical Analysis
NASDAQ:ELWT • US28417M1099
Current stock price
ELWT Technical Rating and Analysis
Taking everything into account, ELWT scores 7 out of 10 in our technical rating. Although ELWT is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- 100% of all other stocks performed better in the past year than ELWT.
- ELWT is one of the lesser performing stocks in the Diversified Telecommunication Services industry. 91% of 37 stocks in the same industry do better.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- Both the short term and long term trends are positive. This is a very positive sign.
- In the last month ELWT has a been trading in the 5.49 - 7.77 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ELWT Weekly and Daily overview Charts
ELWT Setup Rating and Analysis
ELWT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 7.65. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.59, a Stop Loss order could be placed below this zone.
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ELWT Support and Resistance Analysis
6.06
When analyzing the support we can see 3 important areas.
- A support zone ranging from 6.45 to 6.59. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 6.26 to 6.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.12 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 7.65 to 7.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
ELWT 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 | UP | POSITIVE | The long term trend for ELWT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ELWT is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | ELWT has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ELWT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ELWT is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 60.19 | NEUTRAL | The RSI value for ELWT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests ELWT has a positive trend. |
| Stochastics (14,3) | 69.38 | NEUTRAL | The Stochastics value for ELWT is a neutral value. |
| Average True Range in percent/ATR (20) | 9.44 | HIGH VOLATILITY | The high ATR as a percentage value for ELWT suggests high volalility. |
| Average Directional Index/ADX (14) | 14.93 | NEGATIVE | The low ADX value for ELWT suggests a weak or negative trend. |
ELWT Chart- and CandleStick Pattern Analysis
ELWT Example Setup
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 |
|---|---|---|---|
| 7.70 | 6.44 | 1.26 (16.36%) | 6.11% |
| An entry @7.70. This is a Buy Stop order right above the resistance zone. | An exit @6.44. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.26 points, which is 16.36%. | When investing 6.11% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
ELWT Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:ELWT (4/23/2026, 12:33:51 PM)
7.02
-0.06 (-0.85%)
ELAUWIT CONNECTION INC / ELWT TA FAQ
What is the ChartMill technical rating of ELAUWIT CONNECTION INC (ELWT) stock?
ChartMill assigns a technical rating of 7 / 10 to ELWT.
What is the trend direction for ELWT stock?
The current trend direction for ELAUWIT CONNECTION INC (ELWT) is Bullish.
Can you provide the RSI signal for ELAUWIT CONNECTION INC?
ELAUWIT CONNECTION INC (ELWT) has an RSI value of 60.1853. This indicates that the stock is currently neutral.
What is the buy/sell signal for ELAUWIT CONNECTION INC (ELWT) stock?
The buy/sell signal for ELAUWIT CONNECTION INC (ELWT) is buy as both the short term and long term trends are positive.
What is the support and resistance level for ELWT stock?
ELAUWIT CONNECTION INC (ELWT) has a support level at 6.59 and a resistance level at 7.65. Check the full technical report for our detailed analysis of ELWT support and resistance levels.