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(ELAN) Elanco Animal complete technical analysis [charts+indicators] | Buy/Sell Elanco Animal | (ELAN) share price targets

Complete technical analysis of Elanco Animal (ELAN) by charts plus indicators, forecast predictions and share price targets for Elanco Animal (ELAN)

Elanco Animal trades in USA in Health Care sector.

Showing technical analysis as on 2024-08-07 View latest technical analysis

10 day averaged volume of Elanco Animal is 5566610

Date	Daily Closing Price	Open	High	Low	Volume
07 Wed Aug 2024	12.38	12.58	12.81	12.32	1.192 times
06 Tue Aug 2024	12.45	12.01	12.56	11.95	1.072 times
05 Mon Aug 2024	11.85	11.86	12.08	11.47	1.39 times
02 Fri Aug 2024	12.33	12.76	12.79	12.26	1.383 times
01 Thu Aug 2024	13.04	13.11	13.26	12.79	0.866 times
31 Wed Jul 2024	13.04	12.95	13.32	12.86	0.839 times
30 Tue Jul 2024	12.90	12.88	13.02	12.81	0.7 times
29 Mon Jul 2024	12.93	13.00	13.07	12.80	1.003 times
26 Fri Jul 2024	12.90	12.98	13.14	12.77	1.089 times
25 Thu Jul 2024	12.82	12.96	13.15	12.77	0.932 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 12.5, but if it comes above 12.5, then a intra day buy could be more profitable.
If you take a sell trade below 12.5, then use 12.5 as stoploss and 11.9 as target. However if you take a buy trade in stock , then use 12.5 as stoploss and 12.92 as target.

Share price targets for Elanco Animal (ELAN)

Target Type	Value
Downside Target	11.47
Downside Target	12.26
Upside Target	12.57
Upside Target	13.32
Upside Target	13.62
Upside Target	13.81
Upside Target	14.30
Upside Target	14.76
Upside Target	16.41
Upside Target	17.84
Upside Target	18.80

Intraday share price targets for Elanco Animal (ELAN)

Target Type	Value
Downside Intraday Target	11.63
Downside Intraday Target	10.88
Upside Intraday Target	12.97
Upside Intraday Target	13.56
Downside Intraday Target	12.22

Weekly technical analysis of Elanco Animal (ELAN)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Wed Aug 2024	12.38	11.86	12.81	11.47	0.763 times
02 Fri Aug 2024	12.33	13.00	13.32	12.26	1.07 times
26 Fri Jul 2024	12.90	12.79	13.28	12.65	0.857 times
19 Fri Jul 2024	12.72	13.72	13.81	12.57	1.082 times
12 Fri Jul 2024	13.81	14.25	14.30	13.15	3.934 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 Elanco Animal (ELAN)

Date	Monthly Closing Price	Open	High	Low	Volume
07 Wed Aug 2024	12.38	13.11	13.26	11.47	0.279 times
31 Wed Jul 2024	13.04	14.46	14.76	12.57	1.055 times
28 Fri Jun 2024	14.43	17.86	18.80	13.62	0.983 times
31 Fri May 2024	17.68	13.10	17.84	12.99	1.199 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 Elanco Animal (ELAN)

Price action analysis of Elanco Animal ( (ELAN) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Elanco Animal ( (ELAN) ) 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 Elanco Animal ( (ELAN) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Elanco Animal ( (ELAN) ) based on a mid to longer 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.

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

MACD generated a BUY signal for Elanco Animal in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Elanco Animal Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Elanco Animal in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Elanco Animal is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 12.6 and Elanco Animal (ELAN) 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 Elanco Animal (ELAN) stock. Volume based technical analysis of Elanco Animal (ELAN) stock is negative.

Elanco Animal 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.