CALLAWAY GOLF COMPANY (ELY) Technical Analysis
NYSE:ELY • US1311931042
Current stock price
ELY Technical Rating and Analysis
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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 65% of all other stocks performed better in the past year than ELY.
- ELY is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- 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 31 other stocks in this industry, ELY did better than 60% of them.
ELY Weekly and Daily overview Charts
ELY Setup Rating and Analysis
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
ELY Support and Resistance Analysis
19.96
When analyzing the support we can see 2 important 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.
5 important resistance areas can be observed.
- 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.
ELY 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 | 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. |
ELY Chart- and CandleStick Pattern Analysis
ELY Technicals: Chart, Performance Metrics, Trend & Indicators
21.33
-0.62 (-2.82%)
CALLAWAY GOLF COMPANY / ELY TA FAQ
What is the ChartMill technical rating of CALLAWAY GOLF COMPANY (ELY) stock?
ChartMill assigns a technical rating of 1 / 10 to ELY.
Can you provide the trend direction for CALLAWAY GOLF COMPANY?
The current trend direction for CALLAWAY GOLF COMPANY (ELY) is Bearish.
Can you provide the RSI signal for CALLAWAY GOLF COMPANY?
CALLAWAY GOLF COMPANY (ELY) has an RSI value of 36.1923. This indicates that the stock is currently neutral.
What is the MACD signal for ELY stock?
The MACD indicator for CALLAWAY GOLF COMPANY (ELY) has a value of -0.313254, indicating a bearish trend.
What is the short term momentum for CALLAWAY GOLF COMPANY (ELY) stock?
The short term momentum for CALLAWAY GOLF COMPANY (ELY) is negative.