Overall ELM gets a technical rating of 6 out of 10. Although ELM is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
ELM has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 27.58, a Stop Loss order could be placed below this zone.
More info and screens
26.15
2 important support areas can be observed.
- A support zone ranging from 26.94 to 27.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @26.41 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 27.77 to 28.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | UP | POSITIVE | The long term trend for ELM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ELM is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | ELM has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ELM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ELM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ELM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.2 | NEUTRAL | The RSI value for ELM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests ELM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.21 | OVERBOUGHT | The high Stochastics value suggests ELM may be overbought. |
| Average True Range in percent/ATR (20) | 0.72 | LOW VOLATILITY | The low ATR as a percentage value for ELM suggests low volalility. |
| Average Directional Index/ADX (14) | 18.22 | NEGATIVE | The low ADX value for ELM suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 27.78 | 27.58 | 0.20 (0.71%) | 25.00% |
| An entry @27.78. This is a Buy Stop order right above the 10 day moving average. | An exit @27.58. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.20 points, which is 0.71%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.18%. |
- The distance between exit and entry is rather small compared to the average daily movement of ELM. 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:ELM (12/12/2025, 8:27:08 PM)
27.75
-0.18 (-0.63%)
ELM MARKET NAVIGATOR ETF / ELM FAQ
Can you provide the ChartMill technical rating for ELM MARKET NAVIGATOR ETF?
ChartMill assigns a technical rating of 6 / 10 to ELM.
Can you provide the trend direction for ELM MARKET NAVIGATOR ETF?
The current trend direction for ELM MARKET NAVIGATOR ETF (ELM) is Bullish.
Can you provide the RSI signal for ELM MARKET NAVIGATOR ETF?
ELM MARKET NAVIGATOR ETF (ELM) has an RSI value of 54.2028. This indicates that the stock is currently neutral.
What is the buy/sell signal for ELM stock?
The buy/sell signal for ELM MARKET NAVIGATOR ETF (ELM) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for ELM MARKET NAVIGATOR ETF (ELM) stock?
ELM MARKET NAVIGATOR ETF (ELM) has a support level at 27.58 and a resistance level at 27.77. Check the full technical report for our detailed analysis of ELM support and resistance levels.