CALLAWAY GOLF COMPANY (ELY) Stock Technical Analysis
NYSE:ELY - New York Stock Exchange, Inc. - US1311931042 - Common Stock - Currency: USD
Taking everything into account, ELY scores 1 out of 10 in our technical rating. ELY's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, ELY is a bad performer in the overall market: 65% of all stocks are doing better.
ELY is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ELY is lagging the market.
In the last month ELY has a been trading in the 21.21 - 25.29 range, which is quite wide. It is currently trading near the lows of this range.
ELY has an average volume of 1576360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ELY is part of the Leisure Products industry. There are 30 other stocks in this industry, ELY did better than 48% of them.
The technical rating of ELY is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
19.96
25.60
2 important support areas can be observed.
- A support zone ranging from 21.08 to 21.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @20.16 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 5 important areas.
- Resistance @21.83 from a horizontal line in the daily time frame.
- A resistance zone ranging from 22.27 to 22.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 23.24 to 23.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 24.30 to 24.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @25.35 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 | DOWN | NEGATIVE | The long term trend for ELY is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ELY is down. |
| ChartMill Relative Strength | 35.02 | NEUTRAL | ELY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ELY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ELY is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ELY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.19 | NEUTRAL | The RSI value for ELY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.31 | NEGATIVE | The MACD value suggests ELY has a negative trend. |
| Stochastics (14,3) | 9.55 | OVERSOLD | The low Stochastics value suggests ELY may be oversold. |
| Average True Range in percent/ATR (20) | 3.7 | MEDIUM VOLATILITY | The ATR as a percentage value for ELY suggests some volalility. |
| Average Directional Index/ADX (14) | 15.69 | NEGATIVE | The low ADX value for ELY suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
21.33
-0.62 (-2.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryLeisure Products
Performance
% Chg-2.82%
1 Week-5.37%
2 Weeks-7.78%
1 Month-6.04%
3 Month-2.38%
6 Month-5.58%
12 Month-24.79%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.74
ATR(20)%3.7%
ATR Inc30.25%
Range Today0.88
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS35.02
Mansfield-0.3
10 Day High23.71
10 Day Low21.21
20 Day High25.29
20 Day Low21.21
52 Week High31.68
52 Week Low17.78
CS1 End21.32
CR1 Start21.83
Volume & EV
DER(3)1.67%
DER(5)1.06%
Volume2.10M
Volume Incr-5.04%
Vol(5)1.60M
Vol(50)1.58M