ELECTROVAYA INC (ELVA.CA) Stock Technical Analysis
TSX:ELVA - Toronto Stock Exchange - CA28617B6061 - Common Stock - Currency: CAD
Overall ELVA gets a technical rating of 5 out of 10. ELVA has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
When comparing the yearly performance of all stocks, ELVA is a bad performer in the overall market: 72% of all stocks are doing better.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
Warning: ELVA has an average volume of 16368 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month ELVA has a been trading in the 3.13 - 3.84 range, which is quite wide. It is currently trading near the high of this range.
ELVA is an average performer in the Electrical Equipment industry, it outperforms 53% of 14 stocks in the same industry.
ELVA is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ELVA has an average technical rating and also the quality of the setup is only medium 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
2.82
4.06
6 important support areas can be observed.
- A support zone ranging from 3.46 to 3.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.36 to 3.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 3.24 to 3.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.02 from a trend line in the daily time frame.
- Support @2.91 from a horizontal line in the daily time frame.
- Support @2.85 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @3.87 from a trend line in the weekly time frame.
- Resistance @4.02 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.22
Mansfield1.17
10 Day High3.72
10 Day Low3.26
20 Day High3.84
20 Day Low3.13
52 Week High4.65
52 Week Low2.54
Performance
1 Week7.2%
2 Weeks11.71%
1 Month4.2%
3 Month-5.1%
6 Month24.83%
12 Month-13.89%
2 YearN/A
3 YearN/A
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)0.02
RSI(14)58.4
LBB3.22
UBB3.71
TSX:ELVA (4/24/2025, 7:00:00 PM)
3.72
+0.17 (+4.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg4.79%
1 Week7.2%
2 Weeks11.71%
1 Month4.2%
3 Month-5.1%
6 Month24.83%
12 Month-13.89%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%4.63%
ATR Inc-11.16%
Range Today0.17
ADR(20)0.15
ADR(20)%4.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.22
Mansfield1.17
10 Day High3.72
10 Day Low3.26
20 Day High3.84
20 Day Low3.13
52 Week High4.65
52 Week Low2.54
CS1 End3.52
CR1 Start3.87
Volume & EV
DER(3)-10.89%
DER(5)-2.94%
Volume5.76K
Volume Incr-66.05%
Vol(5)5.59K
Vol(50)16.37K