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Stock Trend Analysis Report

Prepared for you on Monday, April 22, 2024.

Envela Corporation (AMEX:ELA)

Crossroads (-60) - ELA is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid ELA?

MarketClub looks at technical strength and momentum to determine if the timing is right for ELA.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open High Low ELA Price Change
4.290 4.300 4.242 4.300 +0.020
Entry Signal

MarketClub’s Trade Triangles for ELA

long term up The long-term trend has been UP since Dec 21st, 2023 at 5.28

intermediate term down The intermediate-term trend has been DOWN since Apr 16th, 2024 at 4.29

short term down The short-term trend has been DOWN since Apr 19th, 2024 at 4.23

Smart Scan Analysis for ELA

Based on our trend formula, ELA is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for ELA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.290 4.300 4.242 4.300 +0.020
Prev. Close Volume Bid Ask Time
4.280 1489 2024-04-22 10:30:16
52wk High7.9752wk High Date2023-07-10
52wk Low3.0252wk Low Date2023-11-10
Average Volume59,840Shares Outstanding26,350
P/E Ratio15.8519
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