ELLO Stock Summary and Trading Ideas (Ellomay Capital Ordinary Shares (Israel) | AMEX:ELLO)

Ellomay Capital Ltd is focused on the utility sector. It is an Israeli public company, which focuses its business in the energy and infrastructure sectors worldwide. The company's operating segment includes Photovoltaic power plants (PV Plants); Dorad Energy Ltd. (Dorad); Groen Gas Goor B.V. and Pumped storage hydro power plant (Manara). It generates maximum revenue from the Dorad segment. Geographically, it derives a majority of its revenue from Spain.

Ellomay Capital Ordinary Shares (Israel) trades on the AMEX stock market under the symbol ELLO.

As of April 23, 2024, ELLO stock price declined to $15.16 with 2,747 million shares trading.

ELLO has a market cap of $194.85 million. This is considered a Micro Cap stock.

In the last 3 years, ELLO stock traded as high as $34.60 and as low as $10.00.

ELLO has outperformed the market in the last year with a return of +26.8%, while the SPY ETF gained +24.3%. However, in the most recent history, ELLO shares have underperformed the stock market with its stock returning -2.8% in the last 3 month period and -8.4% for the last 2 week period, while SPY has returned +4.6% and -2.6%, respectively.

ELLO support price is $14.43 and resistance is $15.98 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ELLO stock will trade within this expected range on the day.