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Stock Trend Analysis Report

Prepared for you on Thursday, May 23, 2024.

ELECTROVAYA INC (TSE:ELVA)

Long-Term Downtrend (-90) - ELVA is in a strong downtrend that is likely to continue. While ELVA is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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

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

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

TSE_ELVA
Open High Low ELVA Price Change
4.03 4.03 3.90 3.97 -0.07
Entry Signal

MarketClub’s Trade Triangles for ELVA

long term down The long-term trend has been DOWN since Apr 19th, 2024 at 3.99

intermediate term down The intermediate-term trend has been DOWN since May 17th, 2024 at 4.05

short term down The short-term trend has been DOWN since May 14th, 2024 at 4.26

Smart Scan Analysis for ELVA

Based on our trend formula, ELVA is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for ELVA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.03 4.03 3.90 3.97 -0.07
Prev. Close Volume Bid Ask Time
3.97 16360 2024-05-22 14:56:37
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