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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 2024-07-24 View latest technical analysis

10 day averaged volume of Elanco Animal is 5282940

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Jul 2024	13.03	13.15	13.24	12.90	0.764 times
23 Tue Jul 2024	13.26	13.01	13.28	12.90	1.064 times
22 Mon Jul 2024	12.80	12.79	12.89	12.65	0.76 times
19 Fri Jul 2024	12.72	12.88	12.92	12.57	0.872 times
18 Thu Jul 2024	12.87	13.05	13.44	12.86	1.121 times
17 Wed Jul 2024	13.05	13.16	13.46	12.94	1.466 times
16 Tue Jul 2024	13.25	13.43	13.54	13.22	1.242 times
15 Mon Jul 2024	13.35	13.72	13.81	13.33	0.804 times
12 Fri Jul 2024	13.81	13.73	13.82	13.54	0.522 times
11 Thu Jul 2024	13.67	13.54	13.84	13.45	0.841 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 13.1, but if it comes above 13.1, then a intra day buy could be more profitable.
If you take a sell trade below 13.1, then use 13.1 as stoploss and 12.4 as target. However if you take a buy trade in stock , then use 13.1 as stoploss and 13.59 as target.

Share price targets for Elanco Animal (ELAN)

Target Type	Value
Downside Target	12.57
Downside Target	12.99
Upside Target	13.62
Upside Target	14.30
Upside Target	14.44
Upside Target	14.76
Upside Target	15.52
Upside Target	16.41
Upside Target	16.73
Upside Target	17.84
Upside Target	18.80

Intraday share price targets for Elanco Animal (ELAN)

Target Type	Value
Downside Intraday Target	12.69
Downside Intraday Target	12.36
Upside Intraday Target	13.32
Upside Intraday Target	13.62
Downside Intraday Target	12.99

Weekly technical analysis of Elanco Animal (ELAN)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Jul 2024	13.03	12.79	13.28	12.65	0.47 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
05 Fri Jul 2024	14.22	14.32	14.44	13.83	0.435 times
03 Wed Jul 2024	14.13	14.46	14.76	13.83	0.249 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
24 Wed Jul 2024	13.03	14.46	14.76	12.57	0.827 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
30 Tue Apr 2024	13.16	16.31	16.41	12.69	1.459 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 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 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 gaining 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 SELL signal for Elanco Animal in short term and SELL signal is strong!

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

MRSI is in negative zone. This is the SELL zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 13.15 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.