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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 2024-10-23 View latest technical analysis

10 day averaged volume of Elin Electronics is 216651

Date	Daily Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	211.32	211.95	218.46	206.92	0.94 times
22 Tue Oct 2024	212.20	213.23	220.67	205.00	1.353 times
21 Mon Oct 2024	213.29	220.80	225.94	211.10	0.817 times
18 Fri Oct 2024	219.32	222.50	225.97	216.47	1.341 times
17 Thu Oct 2024	224.33	232.70	233.19	222.91	0.591 times
16 Wed Oct 2024	230.40	229.75	234.00	226.39	0.611 times
15 Tue Oct 2024	229.72	234.65	234.65	228.27	0.495 times
14 Mon Oct 2024	233.40	235.40	237.00	229.42	0.717 times
11 Fri Oct 2024	237.36	232.50	240.00	227.49	1.091 times
10 Thu Oct 2024	231.57	223.62	236.90	223.62	1.708 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 218.4, but if it comes above 218.4, then a intra day buy could be more profitable.
If you take a sell trade below 218.4, then use 218.4 as stoploss and 206.1 as target. However if you take a buy trade in stock , then use 218.4 as stoploss and 228.71 as target.

Share price targets for Elin Electronics (ELIN)

Target Type	Value
Downside Target	145.15
Downside Target	177.00
Downside Target	188.62
Downside Target	205.00
Upside Target	213.67
Upside Target	230.85
Upside Target	237.00
Upside Target	240.00
Upside Target	244.60
Upside Target	258.65
Upside Target	262.50
Upside Target	282.00

Intraday share price targets for Elin Electronics (ELIN)

Target Type	Value
Downside Intraday Target	202.23
Downside Intraday Target	193.15
Upside Intraday Target	223.17
Upside Intraday Target	235.03
Upside Intraday Target	214.09

Weekly technical analysis of Elin Electronics (ELIN)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	211.32	220.80	225.94	205.00	0.828 times
18 Fri Oct 2024	219.32	235.40	237.00	216.47	0.54 times
11 Fri Oct 2024	237.36	228.95	240.00	213.67	1.328 times
04 Fri Oct 2024	227.15	234.00	244.60	224.36	0.751 times
27 Fri Sep 2024	234.32	248.10	258.65	231.50	0.359 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
23 Wed Oct 2024	211.32	232.65	244.60	205.00	0.264 times
30 Mon Sep 2024	233.32	239.60	282.00	230.85	0.744 times
30 Fri Aug 2024	238.15	200.72	262.50	188.62	3.062 times
31 Wed Jul 2024	199.74	208.99	218.95	177.00	0.419 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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

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

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 red color and prices are below the red 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 and the buying is gaining 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 223.82 and Elin Electronics (ELIN) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 negative.

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