CALLAWAY GOLF COMPANY (ELY) Stock Technical Analysis
USA - NYSE:ELY - US1311931042 - Common Stock
We assign a technical rating of 1 out of 10 to ELY. 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.
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
We found 2 important support areas.
- 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. |
21.33
-0.62 (-2.82%)
CALLAWAY GOLF COMPANY / ELY FAQ
What is the ChartMill technical rating of CALLAWAY GOLF COMPANY (ELY) stock?
ChartMill assigns a technical rating of 1 / 10 to ELY.
What is the current trend direction of CALLAWAY GOLF COMPANY (ELY) stock?
The current trend direction for CALLAWAY GOLF COMPANY (ELY) is Bearish.
What is the RSI signal for CALLAWAY GOLF COMPANY (ELY) stock?
CALLAWAY GOLF COMPANY (ELY) has an RSI value of 36.1923. This indicates that the stock is currently neutral.
What is the short term momentum for ELY stock?
The short term momentum for CALLAWAY GOLF COMPANY (ELY) is negative.
Can you provide the buy/sell signal for CALLAWAY GOLF COMPANY?
The buy/sell signal for CALLAWAY GOLF COMPANY (ELY) is sell as both the short term and long term trends are negative.