We assign a technical rating of 7 out of 10 to ELON. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, ELON is a bad performer.
Although ELON has an excellent technical rating, it does not offer a high 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
12.83
We found 4 important support areas.
- A support zone ranging from 19.87 to 20.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.33 to 14.40. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @13.56 from a trend line in the weekly time frame.
- Support @12.96 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 21.95 to 22.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @23.63 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 | UP | POSITIVE | The long term trend for ELON is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ELON is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | ELON 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 ELON is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ELON is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 59.49 | NEUTRAL | The RSI value for ELON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests ELON has a negative trend. |
| Stochastics (14,3) | 40.95 | NEUTRAL | The Stochastics value for ELON is a neutral value. |
| Average True Range in percent/ATR (20) | 6.31 | HIGH VOLATILITY | The high ATR as a percentage value for ELON suggests high volalility. |
| Average Directional Index/ADX (14) | 36.58 | POSITIVE | The high ADX value value for ELON suggests a strong trend. |
21.8829
+2 (+10.07%)
BATTLESHARES TSLA VS F ETF / ELON FAQ
What is the ChartMill technical rating of BATTLESHARES TSLA VS F ETF (ELON) stock?
ChartMill assigns a technical rating of 7 / 10 to ELON.
What is the trend direction for ELON stock?
The current trend direction for BATTLESHARES TSLA VS F ETF (ELON) is Bullish.
What is the RSI signal for ELON stock?
BATTLESHARES TSLA VS F ETF (ELON) has an RSI value of 59.4892. This indicates that the stock is currently neutral.
What is the MACD signal for ELON stock?
The MACD indicator for BATTLESHARES TSLA VS F ETF (ELON) has a value of -0.185809, indicating a bearish trend.
What is the short term momentum for BATTLESHARES TSLA VS F ETF (ELON) stock?
The short term momentum for BATTLESHARES TSLA VS F ETF (ELON) is positive.