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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 2024-10-08 View latest technical analysis

10 day averaged volume of Elin Electronics is 300668

Date	Daily Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	233.55	217.79	234.69	214.43	0.867 times
07 Mon Oct 2024	216.08	228.95	230.17	213.67	1.205 times
04 Fri Oct 2024	227.15	229.10	236.70	224.36	1.022 times
03 Thu Oct 2024	228.26	238.00	242.16	225.05	1.075 times
01 Tue Oct 2024	243.22	232.65	244.60	232.65	0.823 times
30 Mon Sep 2024	233.32	234.00	237.95	230.85	0.852 times
27 Fri Sep 2024	234.32	240.00	245.00	231.50	0.913 times
26 Thu Sep 2024	241.43	250.00	251.96	232.85	0.606 times
25 Wed Sep 2024	249.96	250.79	253.97	245.82	0.694 times
24 Tue Sep 2024	250.79	257.30	257.50	248.02	0.786 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 232.5 as stoploss in an intra day buy trade for a target of 245.52. However, stock will show a bearish move below 232.5.

Share price targets for Elin Electronics (ELIN)

Target Type	Value
Downside Target	145.15
Downside Target	177.00
Downside Target	188.62
Downside Target	213.67
Downside Target	218.95
Downside Target	230.85
Upside Target	244.60
Upside Target	246.81
Upside Target	258.65
Upside Target	262.50
Upside Target	270.00
Upside Target	282.00

Intraday share price targets for Elin Electronics (ELIN)

Target Type	Value
Downside Intraday Target	219.92
Downside Intraday Target	206.28
Upside Intraday Target	240.94
Upside Intraday Target	248.32
Downside Intraday Target	227.3

Weekly technical analysis of Elin Electronics (ELIN)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	233.55	228.95	234.69	213.67	0.549 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
20 Fri Sep 2024	246.46	269.50	282.00	238.16	1.138 times
13 Fri Sep 2024	262.71	252.50	270.00	246.81	0.737 times

Price has moved up 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
08 Tue Oct 2024	233.55	232.65	244.60	213.67	0.102 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 up 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 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 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 weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Elin Electronics in short term but BUY signal is weak.

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 234.11 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.