Elanco Animal Health Stock Technical Analysis

ELAN Stock  USD 16.17  0.28  1.76%   
As of the 28th of March, Elanco Animal shows the Mean Deviation of 1.32, semi deviation of 1.44, and Downside Deviation of 1.64. Elanco Animal Health 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 analyze nineteen technical drivers for Elanco Animal Health, which can be compared to its rivals. Please confirm Elanco Animal Health information ratio, and the relationship between the downside deviation and value at risk to decide if Elanco Animal Health is priced favorably, providing market reflects its regular price of 16.17 per share. Given that Elanco Animal has jensen alpha of 0.0026, we urge you to verify Elanco Animal Health's prevailing market performance to make sure the company can sustain itself at a future point.

Elanco Animal Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Elanco, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Elanco
  
Elanco Animal's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Elanco Animal Analyst Consensus

Target PriceAdvice# of Analysts
13.81Buy14Odds
Elanco Animal Health current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Elanco 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 Elanco stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Elanco Animal Health, talking to its executives and customers, or listening to Elanco conference calls.
Elanco Analyst Advice Details
Elanco Animal 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 Elanco Animal technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Elanco Animal 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...

Elanco Animal Health Technical Analysis

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Execute Indicator
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Elanco Animal Health volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Elanco Animal Health Trend Analysis

Use this graph to draw trend lines for Elanco Animal Health. You can use it to identify possible trend reversals for Elanco Animal 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 Elanco Animal price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Elanco Animal Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Elanco Animal Health applied against its price change over selected period. The best fit line has a slop of   0.02  , which means Elanco Animal Health will continue generating value for investors. It has 122 observation points and a regression sum of squares at 22.52, which is the sum of squared deviations for the predicted Elanco Animal price change compared to its average price change.

About Elanco Animal 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 Elanco Animal Health 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 Elanco Animal Health based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Elanco Animal Health price pattern first instead of the macroeconomic environment surrounding Elanco Animal Health. By analyzing Elanco Animal'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 Elanco Animal'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 Elanco Animal specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 2024 (projected)
Price Book Value Ratio1.830.821.181.76
Operating Cycle313.58376.23411.41289.22

Elanco Animal March 28, 2024 Technical Indicators

Most technical analysis of Elanco 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 Elanco from various momentum indicators to cycle indicators. When you analyze Elanco 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.

Elanco Animal March 28, 2024 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 Elanco 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.
When determining whether Elanco Animal Health offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Elanco Animal's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Elanco Animal Health Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Elanco Animal Health Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elanco Animal Health. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Note that the Elanco Animal Health information on this page should be used as a complementary analysis to other Elanco Animal'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 the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

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When running Elanco Animal's price analysis, check to measure Elanco Animal'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 Elanco Animal is operating at the current time. Most of Elanco Animal's value examination focuses on studying past and present price action to predict the probability of Elanco Animal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elanco Animal's price. Additionally, you may evaluate how the addition of Elanco Animal to your portfolios can decrease your overall portfolio volatility.
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Is Elanco Animal'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 Elanco Animal. If investors know Elanco 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 Elanco Animal listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
1.097
Earnings Share
(2.50)
Revenue Per Share
8.972
Quarterly Revenue Growth
0.051
Return On Assets
0.0139
The market value of Elanco Animal Health is measured differently than its book value, which is the value of Elanco that is recorded on the company's balance sheet. Investors also form their own opinion of Elanco Animal's value that differs from its market value or its book value, called intrinsic value, which is Elanco Animal'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 Elanco Animal's market value can be influenced by many factors that don't directly affect Elanco Animal'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 Elanco Animal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Elanco Animal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Elanco Animal'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.