ELAUWIT CONNECTION INC (ELWT) Stock Technical Analysis
NASDAQ:ELWT • US28417M1099
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.
- When comparing the yearly performance of all stocks, ELWT is a bad performer in the overall market: 100% of all stocks are doing better.
- ELWT is one of the lesser performing stocks in the Diversified Telecommunication Services industry. 88% of 36 stocks in the same industry do better.
- 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 4.12 - 6.77 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.
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. We notice that large players showed an interest for ELWT 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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4.51
When analyzing the support we can see 2 important areas.
- A support zone ranging from 5.43 to 5.49. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @4.56 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @6.23 from a horizontal line in the daily 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 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) | DOWN | MIXED | The current price of ELWT is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ELWT is above a declining SMA(50). |
| Relative Strength Index/RSI (14) | 56.37 | 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) | 69.83 | NEUTRAL | The Stochastics value for ELWT is a neutral value. |
| Average True Range in percent/ATR (20) | 12.81 | HIGH VOLATILITY | The high ATR as a percentage value for ELWT suggests high volalility. |
| Average Directional Index/ADX (14) | 13.7 | NEGATIVE | The low ADX value for ELWT suggests a weak or negative trend. |
5.88
+0.07 (+1.2%)
ELAUWIT CONNECTION INC / ELWT 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 56.3734. 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 0.0698071, indicating a bearish trend.
What is the support and resistance level for ELWT stock?
ELAUWIT CONNECTION INC (ELWT) has a support level at 5.49 and a resistance level at 6.23. Check the full technical report for our detailed analysis of ELWT support and resistance levels.