ELAUWIT CONNECTION INC (ELWT) Technical Analysis
NASDAQ:ELWT • US28417M1099
Current stock price
ELWT Technical Rating and Analysis
Overall ELWT gets a technical rating of 3 out of 10. ELWT performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
- 100% of all other stocks performed better in the past year than ELWT.
- ELWT is part of the Diversified Telecommunication Services industry. There are 37 other stocks in this industry, of which 88% are performing better than ELWT.
- In the last month ELWT has a been trading in the 5.49 - 7.89 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
ELWT Weekly and Daily overview Charts
ELWT Setup Rating and Analysis
Although the technical rating is bad, ELWT does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
ELWT Support and Resistance Analysis
4.99
We found 1 important support area.
- Support @5.04 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @7.69 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for ELWT is neutral. |
| 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) | DOWN | NEGATIVE | The current price of ELWT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ELWT is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 37.89 | NEUTRAL | The RSI value for ELWT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests ELWT has a negative trend. |
| Stochastics (14,3) | 33.42 | NEUTRAL | The Stochastics value for ELWT is a neutral value. |
| Average True Range in percent/ATR (20) | 12.5 | HIGH VOLATILITY | The high ATR as a percentage value for ELWT suggests high volalility. |
| Average Directional Index/ADX (14) | 18.31 | NEGATIVE | The low ADX value for ELWT suggests a weak or negative trend. |
ELWT Chart- and CandleStick Pattern Analysis
ELWT Technicals: Chart, Performance Metrics, Trend & Indicators
5.91
-0.7 (-10.59%)
ELAUWIT CONNECTION INC / ELWT TA FAQ
What is the ChartMill technical rating of ELAUWIT CONNECTION INC (ELWT) stock?
ChartMill assigns a technical rating of 3 / 10 to ELWT.
What is the current trend direction of ELAUWIT CONNECTION INC (ELWT) stock?
The current trend direction for ELAUWIT CONNECTION INC (ELWT) is Bullish.
What is the RSI signal for ELAUWIT CONNECTION INC (ELWT) stock?
ELAUWIT CONNECTION INC (ELWT) has an RSI value of 37.8902. This indicates that the stock is currently neutral.
What is the MACD signal for ELWT stock?
The MACD indicator for ELAUWIT CONNECTION INC (ELWT) has a value of -0.113625, indicating a bearish trend.
What is the support and resistance level for ELWT stock?
ELAUWIT CONNECTION INC (ELWT) has a support level at 5.04 and a resistance level at 7.69. Check the full technical report for our detailed analysis of ELWT support and resistance levels.