ENVELA CORP (ELA) Stock Technical Analysis
NYSEARCA:ELA - NYSE Arca - US29402E1029 - Common Stock - Currency: USD
Taking everything into account, ELA scores 6 out of 10 in our technical rating. In the last year, ELA was one of the better performers, but we do observe some doubts in the very recent evolution.
Warning: ELA has an average volume of 17956 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
When comparing the yearly performance of all stocks, we notice that ELA is one of the better performing stocks in the market, outperforming 87% of all stocks. We also observe that the gains produced by ELA over the past year are nicely spread over this period.
ELA is one of the better performing stocks in the Specialty Retail industry, it outperforms 82% of 120 stocks in the same industry.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
ELA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ELA is lagging the market.
In the last month ELA has a been trading in the 6.04 - 7.48 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, ELA does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 6.59, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ELA 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.
More info and screens
5.14
7.56
We found 4 important support areas.
- A support zone ranging from 6.59 to 6.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.28 from a trend line in the daily time frame.
- Support @5.80 from a trend line in the weekly time frame.
- Support @5.19 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- Resistance @6.63 from a trend line in the daily time frame.
- A resistance zone ranging from 6.75 to 6.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 7.09 to 7.15. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 7.37 to 7.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.89
Mansfield1.33
10 Day High7.05
10 Day Low6.45
20 Day High7.48
20 Day Low6.04
52 Week High7.88
52 Week Low4.2
Performance
1 Week-2.8%
2 Weeks-3.93%
1 Month-11.76%
3 Month1.54%
6 Month27.91%
12 Month46.67%
2 Year-9.59%
3 Year58.27%
5 Year148.12%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.02
RSI(14)40.78
LBB6.57
UBB6.96
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 6.64 | 6.58 | 0.06 (0.90%) | 25.00% |
| An entry @6.64. This is a Buy Stop order right above the resistance zone. | An exit @6.58. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.06 points, which is 0.90%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.23%. |
- The distance between exit and entry is rather small compared to the average daily movement of ELA. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NYSEARCA:ELA (2/21/2025, 8:15:32 PM)
6.6
-0.09 (-1.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg-1.35%
1 Week-2.8%
2 Weeks-3.93%
1 Month-11.76%
3 Month1.54%
6 Month27.91%
12 Month46.67%
2 Year-9.59%
3 Year58.27%
5 Year148.12%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.35
ATR(20)%5.09%
ATR Inc-44.91%
Range Today0.2
ADR(20)0.33
ADR(20)%4.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.89
Mansfield1.33
10 Day High7.05
10 Day Low6.45
20 Day High7.48
20 Day Low6.04
52 Week High7.88
52 Week Low4.2
CS1 End6.59
CR1 Start6.63
Volume & EV
DER(3)14.35%
DER(5)7.92%
Volume12.30K
Volume Incr-9.17%
Vol(5)15.26K
Vol(50)17.96K