Technical Analysis for ELX - Ellex Medical Lasers Limited  

Grade Last Price % Change Price Change
grade A 0.71 3.65% 0.025
ELX closed up 3.65 percent on Thursday, July 2, 2020, on 1.51 times normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up
Historical ELX trend table...

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 0.00%
Lizard Bearish Bearish Day Trade Setup 0.00%
Expansion Breakout Bullish Swing Setup 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Calm After Storm Range Contraction 0.00%
Wide Range Bar Range Expansion 0.00%
Doji - Bearish? Reversal 0.00%
Wide Bands Range Expansion 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%

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Ellex Medical Lasers Limited designs and manufactures lasers and ultrasound systems. The Company is also engaged in the distribution and service of medical devices to ophthalmologists to diagnose and treat eye disease, and manufacture and distribution of lasers and ultrasound. Its segments include Distributors, which sells ophthalmic medical equipment to independent third-party distributors across the globe and Direct, which sells ophthalmic medical equipment to the end user customer in various markets around the world. Its products include ultra Q, Solo, Tango, iTrack, ultra Q reflex, solitaire, integer pro scan, integer pro and 2RT. Selective Laser Trabeculoplasty with Tango and Solo addresses early-stage glaucoma. Its iTrack addresses late-stage glaucoma. Its ultra Q and ultra Q reflex addresses cataracts and vitreous floaters. Its integer pro and integer pro scan addresses diabetic disease of retina. Its 2RT addresses early-stage age-related macular degeneration and macula edema.
Laser Ultrasound Light Glaucoma Ophthalmology Optics Perception

Is ELX a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength


Indicator Value
52 Week High 0.9
52 Week Low 0.455
Average Volume 208,833
200-Day Moving Average 0.614
50-Day Moving Average 0.553
20-Day Moving Average 0.606
10-Day Moving Average 0.646
Average True Range 0.030
ADX 45.77
+DI 52.162
-DI 6.783
Chandelier Exit (Long, 3 ATRs ) 0.676
Chandelier Exit (Short, 3 ATRs ) 0.579
Upper Bollinger Band 0.725
Lower Bollinger Band 0.487
Percent B (%b) 0.94
BandWidth 39.353
MACD Line 0.042
MACD Signal Line 0.031
MACD Histogram 0.0103
Fundamentals Value
Market Cap 81.94 Million
Num Shares 115 Million
EPS -0.01
Price-to-Earnings (P/E) Ratio -88.75
Price-to-Sales 1.81
Price-to-Book 2.24
PEG Ratio 0.00
Dividend 0.00
Dividend Yield 0.00%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.800
Resistance 3 (R3) 0.808 0.787 0.785
Resistance 2 (R2) 0.787 0.764 0.783 0.780
Resistance 1 (R1) 0.748 0.750 0.768 0.740 0.775
Pivot Point 0.727 0.727 0.736 0.723 0.727
Support 1 (S1) 0.688 0.704 0.708 0.680 0.645
Support 2 (S2) 0.667 0.690 0.663 0.640
Support 3 (S3) 0.628 0.667 0.635
Support 4 (S4) 0.620