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(ELVN) complete technical analysis [charts+indicators] | Buy/Sell | (ELVN) share price targets

Complete technical analysis of (ELVN) by charts plus indicators, forecast predictions and share price targets for (ELVN)

10 day averaged volume of is 322919

Date Daily Closing Price Open High Low Volume
17 Fri May 2024 23.04 24.00 24.00 22.92 0.671 times
16 Thu May 2024 23.81 23.85 24.17 23.05 0.636 times
15 Wed May 2024 24.00 24.84 24.85 23.56 1.226 times
14 Tue May 2024 23.87 24.83 25.00 23.83 1.061 times
13 Mon May 2024 24.49 24.29 24.70 24.14 0.608 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 24.2 as stoploss in an intra day sell trade for a target of 21.1. However, stock will show a bullish move above 24.2.

Share price targets for (ELVN)

Target Type Value
Downside Target 10.90
Downside Target 11.13
Downside Target 13.96
Downside Target 15.96
Downside Target 16.56
Downside Target 17.32
Downside Target 17.68
Downside Target 18.07
Downside Target 19.50
Downside Target 21.19
Downside Target 22.20
Downside Target 22.92
Upside Target 25.00
Upside Target 25.16
Upside Target 26.00

Intraday share price targets for (ELVN)

Target Type Value
Downside Intraday Target 22.31
Downside Intraday Target 21.57
Upside Intraday Target 24.39
Upside Intraday Target 25.73
Upside Intraday Target 23.65

Weekly technical analysis of (ELVN)

Date Weekly Closing Price Open High Low Volume
17 Fri May 2024 23.04 24.29 25.00 22.92 0.725 times
10 Fri May 2024 23.43 22.88 25.16 22.20 0.957 times
03 Fri May 2024 22.65 17.41 23.00 16.56 1.206 times
26 Fri Apr 2024 17.18 17.35 18.20 16.16 0.79 times
19 Fri Apr 2024 17.28 20.76 21.19 15.96 0.39 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of (ELVN)

Date Monthly Closing Price Open High Low Volume
17 Fri May 2024 23.04 17.68 25.16 17.68 0.366 times
30 Tue Apr 2024 17.39 17.64 26.00 15.96 3.49 times
28 Thu Mar 2024 17.59 16.16 19.50 10.90 1.301 times
29 Thu Feb 2024 15.97 15.67 18.07 13.96 0.886 times

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of (ELVN)

Indicator Name Indicator Value Indicator Signal
ADX 29, 17, 26 Buy
MACD 3, 3Buy
Stochastics 59None
CCI -78Sell
RSI 61Buy
OBV -924585Sell
VWAP 24Sell
ADL 0Sell
ROC 2Buy
Force Index 0Sell

Price action analysis of ( (ELVN) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of ( (ELVN) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of ( (ELVN) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of ( (ELVN) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for in short term and the buy signal is strong.

Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 24 and (ELVN) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the (ELVN) stock. Volume based technical analysis of (ELVN) stock is negative.

Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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