Technical Analysis for ELVA - Electrovaya Inc

Grade Last Price % Change Price Change
D 3.940 0.00% 0.000
ELVA closed up 1.03 percent on Tuesday, September 26, 2023, on 79 percent of normal volume. The bears made the stock sink to a new 52-week low. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong N/A Down Down

Date Alert Name Type % Chg
MACD Bullish Signal Line Cross Bullish 0.00%
New 52 Week Low Weakness 0.00%
Outside Day Range Expansion 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
NR7 Range Contraction 1.03%
Narrow Range Bar Range Contraction 1.03%
Inside Day Range Contraction 1.03%
Oversold Stochastic Weakness 1.03%
Outside Day Range Expansion -1.25%

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Alert Time
Gap Down Closed about 4 hours ago
Gap Down Partially Closed about 4 hours ago
Reversed from Down about 4 hours ago
Up 1% about 4 hours ago
Gapped Down (Partial) about 5 hours ago

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Electrovaya Inc., together with its subsidiaries, engages in the designing, developing, and manufacturing lithium-ion advanced battery and battery systems in North America. It offers lithium-ion batteries and systems for materials handling electric vehicles, including warehouse forklifts and automated guided vehicles, as well as battery chargers to charge the batteries; electromotive power products for electric trucks, electric buses, and other transportation applications; industrial products for energy storage; and power solutions, such as building systems for third parties. The company was formerly known as Electrofuel Inc. and changed its name to Electrovaya Inc. in March 2002. Electrovaya Inc. was incorporated in 1996 and is headquartered in Mississauga, Canada.

Sector: Industrials
Industry: Electrical Equipment & Parts
Keywords: Energy Storage Rechargeable Batteries Industrial Products Battery Systems

Is ELVA a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength


Indicator Value
52 Week High 7.2
52 Week Low 3.72
Average Volume 14,119
200-Day Moving Average 0.000
50-Day Moving Average 5.074
20-Day Moving Average 4.230
10-Day Moving Average 4.062
Average True Range 0.214
RSI (14) 35.90
ADX 35.8
+DI 11.226
-DI 36.391
Chandelier Exit (Long, 3 ATRs) 4.358
Chandelier Exit (Short, 3 ATRs) 4.362
Upper Bollinger Bands 4.671
Lower Bollinger Band 3.788
Percent B (%b) 0.17
BandWidth 20.887
MACD Line -0.295
MACD Signal Line -0.298
MACD Histogram 0.0038
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 4.360
Resistance 3 (R3) 4.333 4.167 4.290
Resistance 2 (R2) 4.167 4.060 4.180 4.267
Resistance 1 (R1) 4.053 3.994 4.110 4.080 4.243
Pivot Point 3.887 3.887 3.915 3.900 3.887
Support 1 (S1) 3.773 3.780 3.830 3.800 3.637
Support 2 (S2) 3.607 3.714 3.620 3.613
Support 3 (S3) 3.493 3.607 3.590
Support 4 (S4) 3.520