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Electrovaya Inc.

Stage 4 · Declining · week 8

As of Oct 22, 2026, Electrovaya is in Stage 4, the downtrend phase, now in week 8 (since Sep 2, 2026). It closed at $5.20, 57.6% below its 52-week high and below its 200-day average, which is falling.

Electrovaya Inc. engages in the design, development, manufacture, and sale of lithium-ion batteries, battery management systems, and battery-related products for energy storage, clean electric transpo… More about the company

$5.20
-7.31% today
$260M · Micro cap
Market Neutral — Building

Pro read

Pro

Our read

Declining, below its long-term trend

Setup score

—

Momentum

Steady

Edge

—

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Stage Cycle Timeline2023-08-16 → 2026-10-22
S4 22w
S2 29w
2023-08-162026-10-22
S1S2S3S4Setup score (0–10, dashed line at 5)
S2 3w → S3 1w → S4 13w → S1 8w → S2 8w → S3 6w → S4 22w → S1 12w → S2 4w → S3 4w → S2 2w → S3 3w → S2 29w → S3 6w → S2 12w → S3 5w → S2 11w → S3 6w → S4 7w current
Total tracked: 165 weeks across 19 stage runs.

ELVA among Electrical Equipment & Parts20th of 53 by relative strength

All 53 →
Stocks in Electrical Equipment & Parts ranked by relative strength, with stage and one-month change
#StockStageRS1M
1OESXStage 2 · wk 996−29.2%
2BEStage 2 · wk 495−20.9%
3PLPCStage 2 · wk 1184−22.3%
4ESPStage 2 · wk 983−18.4%
5FCELStage 3 · wk 881−32.6%
6ENSStage 4 · wk 581−6.0%
7POWLStage 4 · wk 577−21.8%
8NVTStage 2 · wk 376−21.6%
…20ELVAStage 4 · wk 840−19.4%
vs 52W High
-57.6%
$4.23 lo$12.26 hi
57.6% below 52W high, deep Stage 4 damage
In Stage 4, distance from the 52-week high reflects an ongoing decline, not a discount.
Stage Maturity
Week 8
1w13w26w
Week 8, established downtrend
How long this stock has been in Stage 4 decline. The longer the downtrend, the more entrenched the selling pressure. No length of decline marks a bottom on its own.
vs 200 DMA
-39.0%
200 DMA: $8.53 · sloping down
In Stage 4, the stock is below its 200-day average, the hallmark of a downtrend. Stage analysis waits for that to reverse before buying.
Rel Volume
0.78x
vs 50-day avg
High volume on down days in Stage 4 confirms institutional selling. Low-volume bounces are typical. They lack real buyers and are easy to mistake for reversals.
Trend Health
↓
Short-term trend rolling over
Two reads of momentum. The arrow shows the direction of the short-term trend: rising (↑ or ↗), flat (→) or rolling over (↓). The ⇈ mark appears when our trend model reads the move as gaining speed on top of the longer trend. Strongest when both agree.
1M
-19.4%
3M
-37.6%
6M
-48.8%
YTD
-34.3%
1Y
-19.4%
Scan Membership
Breakout Watch
Latest: 2025-05-05
9 appearances in last 60 days. First seen: 2019-05-24.
A stock that keeps qualifying week after week does so because its Stage 2 structure keeps holding. Staying power in the scan says more about the trend than any single appearance.
Recent Stage Timeline
2026-10-22S4
Wk 8 · Vol 0.78x
2026-10-21S4
Wk 7 · Vol 0.63x
2026-10-20S4
Wk 7 · Vol 0.51x
2026-10-19S4
Wk 7 · Vol 1.01x
2026-10-16S4
Wk 7 · Vol 0.93x
2026-10-15S4
Wk 7 · Vol 1.28x
2026-10-14S4
Wk 6 · Vol 1.14x
2026-10-13S4
Wk 6 · Vol 1.13x
2026-10-12S4
Wk 6 · Vol 0.75x
2026-10-09S4
Wk 6 · Vol 1.10x
2026-10-08S4
Wk 6 · Vol 1.56x
2026-10-07S4
Wk 5 · Vol 0.44x
Moving averages & range
50 DMA
$6.40
200 DMA
$8.53
52W High
$12.26
52W Low
$4.23
5D Low
$5.07
Resistance levels (recent highs)
20d High
$6.63
60d High
$9.71
120d High
$12.26
250d High
$12.26
Next resistance
+27.5%
to 20d High
P/E (TTM)
52.0
Forward 19.0
Earnings Growth (YoY)
-69.3%
Revenue +3.4%
ROE
+9.8%
Profit margin +6.1%
Dividend Yield
0.00%
P/B 3.9

Electrovaya: quick answers

What stage is Electrovaya in?

As of Oct 22, 2026, Electrovaya (ELVA) is in Stage 4, the downtrend phase. It entered Stage 4 on Sep 2, 2026 and is in week 8. What the four stages mean

Is Electrovaya in an uptrend?

No. Electrovaya is in a Stage 4 downtrend. It trades 39.0% below its 200-day average, which is falling.

How far is Electrovaya from its 52-week high?

Electrovaya closed at $5.20 on Oct 22, 2026, 57.6% below its 52-week high of $12.26. Its 52-week low is $4.23.

How has Electrovaya performed over the past year?

As of Oct 22, 2026, Electrovaya is down 19.4% over the past year and down 34.3% so far in 2026.

Which sector and industry is Electrovaya in?

Electrovaya is in the Electrical Equipment & Parts industry, part of the Industrials sector.

About this companyIndustrials· Electrical Equipment & Parts

Electrovaya Inc. engages in the design, development, manufacture, and sale of lithium-ion batteries, battery management systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications in North America. It operates infinity battery systems comprising of low and high voltage systems. The company also operates solid state battery technology. In addition, it offers lithium-ion battery systems to power MHEV, including fork-lifts, as well as accessories, such as battery chargers to charge the batteries; lithium-ion batteries for robotic applications; lithium ion battery cell and modules for sales to OEM customers in the defense, construction, and other applications; high voltage battery systems for electric bus, truck, and defense applications; and industrial products for energy storage. The company was formerly known as Electrofuel Inc. and changed its name to Electrovaya Inc. in March 2002. Electrovaya Inc. was incorporated in 1996 and is headquartered in Mississauga, Canada.

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All analytics based on EOD data. Data as of 2026-10-22. Past data patterns are not indicative of future results. This page is a data analytics tool only.