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Stock Trend Analysis Report

Prepared for you on Thursday, September 28, 2023.

Envela Corporation (AMEX:ELA)

Strong Downtrend (-100) - ELA is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ELA continues to fall. Traders should use caution and set stops.

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.

AMEX_ELA
Open High Low ELA Price Change
4.970 5.020 4.850 4.875 -0.085
Entry Signal

MarketClub’s Trade Triangles for ELA

long term down The long-term trend has been DOWN since Aug 3rd, 2023 at 6.090

intermediate term down The intermediate-term trend has been DOWN since Aug 3rd, 2023 at 7.050

short term down The short-term trend has been DOWN since Sep 27th, 2023 at 4.955

Smart Scan Analysis for ELA

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

-100
Smart Scan Analysis for ELA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.970 5.020 4.850 4.875 -0.085
Prev. Close Volume Bid Ask Time
4.960 8791 2023-09-28 15:44:20
52wk High8.0552wk High Date2023-03-10
52wk Low4.552wk Low Date2022-11-07
Average Volume38,492Shares Outstanding26,897
Assets73,741,958MLiabilities27,899,191M
P/E Ratio8.7018
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