ELEMENTAL ALTUS ROYALTIES CO (ELE.CA) Stock Technical Analysis
TSX-V:ELE - TSX Venture Exchange - CA28619K1093 - Common Stock - Currency: CAD
We assign a technical rating of 7 out of 10 to ELE. ELE has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
ELE is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so ELE slightly outperforms the market at the moment.
In the last month ELE has a been trading in the 1.13 - 1.25 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, ELE outperforms 65% of them, which is more or less in line with the market.
ELE is part of the Metals & Mining industry. There are 822 other stocks in this industry, ELE did better than 57% of them.
Besides having an excellent technical rating, ELE also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.28. Right above this resistance zone may be a good entry point.
More info and screens
1.10
1.30
When analyzing the support we can see 4 important areas.
- Support @1.25 from a trend line in the weekly time frame.
- A support zone ranging from 1.19 to 1.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.15 from a trend line in the daily time frame.
- A support zone ranging from 1.11 to 1.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.28 to 1.29. 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
CRS65.59
Mansfield0.53
10 Day High1.25
10 Day Low1.13
20 Day High1.25
20 Day Low1.13
52 Week High1.29
52 Week Low0.97
Performance
1 Week0%
2 Weeks7.76%
1 Month4.17%
3 Month4.17%
6 Month19.05%
12 Month11.61%
2 Year-8.76%
3 Year-18.3%
5 YearN/A
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
RSI(14)62.72
LBB1.14
UBB1.26
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 |
|---|---|---|---|
| 1.30 | 1.24 | 0.06 (4.62%) | 21.67% |
| An entry @1.30. This is a Buy Stop order right above the resistance zone. | An exit @1.24. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.06 points, which is 4.62%. | For a 1.00% total portfolio risk, you can invest 21.67% of your capital in this trade. |
- 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.
TSX-V:ELE (3/7/2025, 7:00:00 PM)
1.25
+0.02 (+1.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.63%
1 Week0%
2 Weeks7.76%
1 Month4.17%
3 Month4.17%
6 Month19.05%
12 Month11.61%
2 Year-8.76%
3 Year-18.3%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%2.94%
ATR Inc4.67%
Range Today0.04
ADR(20)0.04
ADR(20)%2.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS65.59
Mansfield0.53
10 Day High1.25
10 Day Low1.13
20 Day High1.25
20 Day Low1.13
52 Week High1.29
52 Week Low0.97
CS1 End1.25
CR1 Start1.28
Volume & EV
DER(3)-1.15%
DER(5)-7.23%
Volume33.50K
Volume Incr-42.33%
Vol(5)57.67K
Vol(50)75.74K