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Elementis (ELM)

113.40p

16:05 22/01/21

  • -2.24% -2.60p
  • Today's Low & High
  • 113.20 / 116.20
  • Open / Previous Close
  • 114.00 / 113.40
  • 52-week range
  • -16.00% -21.60p
  • Volume
  • 995,574
  • Market Cap(million)
  • £658.63m

113.80p REAL TIME BATS

  • 16:30 22/01/21
  • -2.32%
  • -2.70p

Technical Analysis

Support and resistance levels

S1

102.27
-9.82%

R1

113.42
0.02%

S2

100.00
-11.82%

R2

126.27
11.35%

Technical comment

Short term
Medium term
Long term

Pivot Points

  • Levels of negotiation support
  • 112.33
  • 111.27
  • Levels of negotiation support resistance
  • 115.33
  • 117.27

Technical situation

Neutral technical scenario with 100 - 113.42 range.

Recommendation

Short term comment

A technical perspective allows to establish the evolution of prices as neutral-bearish quoting at resistance levels of 113.42, a critical zone whose overcoming is necessary to move the bearish risk away. Additionally, support of intermediate importance in 100.

Long term comment

As a reaction to the 402.6% prior revaluation, there is a moderate downward reaction, starting in august 2020 at 85.359, and ending at the low of 59.050 (22-september-2020). The current rise has exceeded the previous highs, at 85.359, reaching at the moment 130.000 (21-december-2020) with no sign of weakness.

Indicator Previous Current Signal Comment
RSI 7 48.60 40.80 The RSI does not warn of overbought or oversold.
RSI 14 50.30 46.40 The RSI does not warn of overbought or oversold.
RSI 21 53.00 50.30 The RSI does not warn of overbought or oversold.
RSI 50 56.40 55.20 The RSI does not warn of overbought or oversold.
RSI 200 51.50 51.20 The RSI does not warn of overbought or oversold.
Fast Stochastic n/a n/a Indicator in intermediate zone, with no sign of exhaustion.
Slow Stochastic n/a n/a Indicator in intermediate zone, with no sign of exhaustion.
Simple Moving Average 7 115.56 115.33 Trend in the very short term bearish.
Simple Moving Average 21 117.36 117.26 Bearish trend in the short-medium term.
Simple Moving Average 50 115.24 115.67 Lack of medium term trend.
Simple Moving Average 200 81.25 81.58 Extremely bullish in the long-term trend.
Exponential Moving Average 7 115.81 115.21 Trend in the very short term bearish.
Exponential Moving Average 21 116.38 116.11 Bearish trend in the short-medium term.
Exponential Moving Average 50 111.06 111.15 Lack of medium term trend.
Exponential Moving Average 200 95.88 96.06 Long-term bullish.
MACD Line 0.60 0.80 Price in uptrend.
MACD Signal 1.00 1.10 Price in uptrend.
Bollinger 95 n/a n/a
Bollinger 99 n/a n/a
Double Exponential Moving Average 7 115.81 115.21 Trend in the very short term bearish.
Double Exponential Moving Average 21 116.38 116.11 Bearish trend in the short-medium term.
Double Exponential Moving Average 50 111.06 111.15 Lack of medium term trend.
Double Exponential Moving Average 200 95.88 96.06 Long-term bullish.
Divergences n/a n/a NO
On Balance Vol. 110,234,944.00 109,239,370.00 OBV supports recoveries.
Momentum 7 1.00 -4.20 Very short term fall rate is strong, but not extreme.
Momentum 7 -1.80 -5.00 Very short term fall rate is strong, but not extreme.
% K Williams 51.70 66.70 Neutral, does not support price spin.
Priority Date Notification
25/01/2021 Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.
25/01/2021 Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.
25/01/2021 Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.
25/01/2021 Price in resistance area. Breaking it would be a positive signal, but consider the possibility of noise (false breaks) around the level.
22/01/2021 A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
22/01/2021 A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
22/01/2021 Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.
22/01/2021 The price is close to supports. It is recommended to monitor if bulls are back in control when they are reached.
21/01/2021 Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.
21/01/2021 Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.
21/01/2021 Being near (below) the short-term moving average may lead to a decline, although if it breaks above the level the signal would be reversed to bullish.