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(ELIN) Elin Electronics complete technical analysis [charts+indicators] | Buy/Sell Elin Electronics | (ELIN) share price targets

Complete technical analysis of Elin Electronics (ELIN) by charts plus indicators, forecast predictions and share price targets for Elin Electronics (ELIN)

Showing technical analysis as on 2024-05-27 View latest technical analysis

10 day averaged volume of Elin Electronics is 103685

Date	Daily Closing Price	Open	High	Low	Volume
27 Mon May 2024	154.75	158.00	159.35	154.05	1.194 times
24 Fri May 2024	157.65	160.70	163.85	156.70	1.32 times
23 Thu May 2024	159.90	160.75	166.10	159.00	1.439 times
22 Wed May 2024	159.95	161.60	161.75	158.15	1.192 times
21 Tue May 2024	160.75	166.40	167.20	160.10	0.803 times
18 Sat May 2024	166.40	168.95	168.95	163.00	0.353 times
17 Fri May 2024	163.75	156.70	164.60	156.70	1.398 times
16 Thu May 2024	159.10	158.05	162.25	156.10	1.054 times
15 Wed May 2024	158.65	158.80	160.90	157.25	0.389 times
14 Tue May 2024	158.80	155.30	161.10	155.30	0.601 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 157.4, but if it comes above 157.4, then a intra day buy could be more profitable.
If you take a sell trade below 157.4, then use 157.4 as stoploss and 152.7 as target. However if you take a buy trade in stock , then use 157.4 as stoploss and 161.25 as target.

Share price targets for Elin Electronics (ELIN)

Target Type	Value
Downside Target	129.30
Downside Target	136.20
Downside Target	144.50
Downside Target	147.50
Downside Target	153.00
Upside Target	165.00
Upside Target	168.50
Upside Target	168.85
Upside Target	168.95
Upside Target	171.00
Upside Target	177.50
Upside Target	178.50

Intraday share price targets for Elin Electronics (ELIN)

Target Type	Value
Downside Intraday Target	152.75
Downside Intraday Target	150.75
Upside Intraday Target	158.05
Upside Intraday Target	161.35
Upside Intraday Target	156.05

Weekly technical analysis of Elin Electronics (ELIN)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Mon May 2024	154.75	158.00	159.35	154.05	0.251 times
24 Fri May 2024	157.65	166.40	167.20	156.70	0.906 times
18 Sat May 2024	166.40	158.95	168.95	153.00	0.999 times
10 Fri May 2024	158.15	165.55	168.50	155.90	0.819 times
03 Fri May 2024	168.50	167.35	171.00	165.00	0.362 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Elin Electronics (ELIN)

Date	Monthly Closing Price	Open	High	Low	Volume
27 Mon May 2024	154.75	167.70	171.00	153.00	0.24 times
30 Tue Apr 2024	166.60	136.90	177.50	136.20	2.298 times
28 Thu Mar 2024	133.25	154.60	158.95	129.30	0.773 times
29 Thu Feb 2024	154.60	161.85	168.85	144.50	0.5 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Elin Electronics (ELIN)

Price action analysis of Elin Electronics ( (ELIN) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Elin Electronics ( (ELIN) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Elin Electronics ( (ELIN) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Elin Electronics ( (ELIN) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Elin Electronics stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Elin Electronics in short term but the sell signal is initial and weak.

Elin Electronics Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Elin Electronics in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Elin Electronics is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 159.62 and Elin Electronics (ELIN) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the Elin Electronics (ELIN) stock. Volume based technical analysis of Elin Electronics (ELIN) stock is negative.

Elin Electronics Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.