Envela Stock Technical Analysis

ELA -  USA Stock  

USD 4.89  0.05  1.03%

As of the 26th of May, Envela Corp shows the Downside Deviation of 3.05, mean deviation of 2.22, and Coefficient Of Variation of 988.72. Envela Corp technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to break down and interpolate nineteen technical drivers for Envela Corp, which can be compared to its rivals. Please confirm Envela Corp treynor ratio, downside variance, kurtosis, as well as the relationship between the value at risk and expected short fall to decide if Envela Corp is priced favorably, providing market reflects its regular price of 4.89 per share. Given that Envela Corp has jensen alpha of 0.3245, we urge you to verify Envela Corp's prevailing market performance to make sure the company can sustain itself at a future point.
  
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Envela Corp Analyst Consensus

Target PriceAdvice# of Analysts
10.0Strong Buy2Odds
Envela Corp current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Envela analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Envela stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Envela Corp, talking to its executives and customers, or listening to Envela conference calls.
Envela Analyst Advice Details
Envela Corp technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Envela Corp technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Envela Corp trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Envela Corp Technical Analysis

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The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Normalized Average True Range is used to analyze tradable apportunities for Envela Corp across different markets.
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Envela Corp Trend Analysis

Use this graph to draw trend lines for Envela Corp. You can use it to identify possible trend reversals for Envela Corp as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Envela Corp price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Envela Corp Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Envela Corp applied against its price change over selected period. The best fit line has a slop of   0.014799  , which may imply that Envela Corp will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 8.28, which is the sum of squared deviations for the predicted Envela Corp price change compared to its average price change.

About Envela Corp Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Envela Corp on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Envela Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Envela Corp stock first instead of the macroeconomic environment surrounding Envela Corp. By analyzing Envela Corp's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Envela Corp's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Envela Corp specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2019 2020 2021 2022 (projected)
Book Value per Share0.420.651.030.82
Asset Turnover3.513.42.863.12

Envela Corp May 26, 2022 Technical Indicators

Most technical analysis of Envela help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Envela from various momentum indicators to cycle indicators. When you analyze Envela charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Envela Corp May 26, 2022 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Envela stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Continue to Investing Opportunities. Note that the Envela Corp information on this page should be used as a complementary analysis to other Envela Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

Complementary Tools for Envela Stock analysis

When running Envela Corp price analysis, check to measure Envela Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Envela Corp is operating at the current time. Most of Envela Corp's value examination focuses on studying past and present price action to predict the probability of Envela Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Envela Corp's price. Additionally, you may evaluate how the addition of Envela Corp to your portfolios can decrease your overall portfolio volatility.
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Is Envela Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Envela Corp. If investors know Envela will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Envela Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Envela Corp is measured differently than its book value, which is the value of Envela that is recorded on the company's balance sheet. Investors also form their own opinion of Envela Corp's value that differs from its market value or its book value, called intrinsic value, which is Envela Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Envela Corp's market value can be influenced by many factors that don't directly affect Envela Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Envela Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Envela Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Envela Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.