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Market X-Ray report · 19 October 2026

Electrovaya Inc. (ELVA)

Toronto Exchange · Canada · prices in CAD · close of 19 Oct 2026

Key indicators

Last closeCAD 7.440
52-week range5.800 – 17.620
Return, 1 month / 3 months−17.9% / −44.0%
Return, 1 year / 3 years−21.9% / +118.2%
TrendBelow its 200-day average
RSI (14)35
Volatility (1 year)93.5%
Worst drawdown (1 year)-57.8%
Average daily value traded1.78M CAD
Dividend yield–

Market X-Ray price-based

18/ 100 · High confidence · ahead of 9% of stocks on this exchange
Trend7
Momentum13
Stability (higher is calmer)10
Liquidity59
Income–

Five-year price chart navy: price · brown: 200-day average

1.755.809.8413.8817.932021-102023-012024-042025-072026-10

About the company

Electrovaya Inc. designs and makes lithium-ion battery systems and cells. Its products include battery packs and energy storage systems used in materials handling equipment such as forklifts, as well as in other industrial and stationary power applications. Customers are mainly businesses and equipment makers that need dependable power for heavy-duty work. The company is based in Mississauga, Ontario, Canada, and carries out development and manufacturing there.

On this site Electrovaya Inc. appears as a stock on the Toronto Exchange (Canada), code ELVA, with prices in Canadian dollars (CAD). Our records, which start in 2019, show no dividend payments for it. The Market X-Ray on this page is price-based and compares it with other stocks on the same exchange; it does not measure how healthy the business is.

Summary

Electrovaya Inc. (ELVA) trades on the Toronto Exchange in Canada. It last closed at CAD 7.440 on 19 October 2026.

Its price-based Market X-Ray is 18 out of 100 (a weak price profile), ranking 788 of 868 stocks on this exchange. The score describes how the stock has traded: trend, momentum, risk, liquidity and dividends, each ranked against the other stocks on its own exchange. It does not measure how healthy or cheap the business is.

Over the last year the price fell 21.9% and over the last three months it fell 44.0%. Returns are price returns, dividends not included.

Fundamental measures (valuation, growth, financial health) are not shown: we do not yet hold financial statements for this market.

stocksxray.com · page 1
XStocksXray
Electrovaya Inc. (ELVA)

The five lenses in numbers each metric is ranked against the other stocks on Toronto Exchange

Lens and metricValueScoreReading
Trend7 · WeakBelow its long-term averages and far from its highs.
Above 200-day average-37.6%
From 52-week high-56.4%
Momentum13 · WeakLagging most stocks on this exchange.
3-month return-44.0%
6-month return-43.7%
12-month return, skipping the last month-4.9%
Stability (higher is calmer)10 · WeakVolatile, with deep drawdowns.
Volatility, 1 year (lower is calmer)93.5%
Worst drawdown, 1 year (smaller is calmer)-57.8%
Liquidity59 · FairModerate trading activity.
Average daily value traded1.78M CAD
Zero-volume days0.0%
Income–Pays no dividend.
Dividend yield–
Years with dividends0

Strengths

No lens stands out as a clear strength against its exchange.

Weak spots

  • Trend: Below its long-term averages and far from its highs.
  • Momentum: Lagging most stocks on this exchange.
  • Stability (higher is calmer): Volatile, with deep drawdowns.

Returns

1 week−9.8%
1 month−17.9%
3 months−44.0%
6 months−43.7%
1 year−21.9%
3 years+118.2%
5 years–

Signals

50-day / 200-day average9.297 / 11.932
Golden / death cross (60 days)Death, 30 days ago
New 52-week highNo
Bullish RSI divergenceNo
Average daily range (ATR)0.501

Technical summary

DailyStrongly bearish3 bullish · 1 neutral · 12 bearish
WeeklyStrongly bearish1 bullish · 1 neutral · 10 bearish
MonthlyBearish2 bullish · 1 neutral · 5 bearish

How to read this report

Every number comes from end-of-day prices and dividends. The Market X-Ray describes how the stock has traded, ranked against the other stocks on Toronto Exchange; it does not measure how healthy or cheap the business is. The fundamental X-Ray (financial health, valuation, growth) needs financial statements, which we hold today for US stocks. See the methodology page. Educational only, not financial advice.

stocksxray.com · page 2 · generated 20 Oct 2026