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Electrovaya Inc. is projected to decline to $7.99 by 2027, a -3% move from its current price of $8.22. ELVA is currently trading below its 50-day average (a bearish sign). Technical indicators currently lean strong sell.
A data-driven summary — not financial advice. See the full breakdown below.
Live market data via Yahoo Finance · updated 8/2/2026
| Period | Min | Prediction | Max | Change |
|---|---|---|---|---|
| Aug 3 | $7.76 | $8.21 | $8.69 | -0.11% |
| Aug 4 | $7.57 | $8.20 | $8.88 | -0.21% |
| Aug 5 | $7.43 | $8.19 | $9.03 | -0.32% |
| Aug 6 | $7.31 | $8.19 | $9.16 | -0.42% |
| Aug 7 | $7.21 | $8.18 | $9.27 | -0.53% |
| Aug 8 | $7.12 | $8.17 | $9.38 | -0.64% |
| Aug 9 | $7.03 | $8.16 | $9.47 | -0.74% |
| Period | Min | Prediction | Max | Change |
|---|---|---|---|---|
| Week 1 | $7.03 | $8.16 | $9.47 | -0.74% |
| Week 2 | $6.56 | $8.10 | $10.00 | -1.48% |
| Week 3 | $6.21 | $8.04 | $10.41 | -2.21% |
| Week 4 | $5.92 | $7.98 | $10.75 | -2.93% |
| Week 5 | $5.68 | $7.92 | $11.05 | -3.65% |
| Week 6 | $5.46 | $7.86 | $11.32 | -4.36% |
| Week 7 | $5.26 | $7.80 | $11.57 | -5.07% |
Short-term targets derived from the forecast trend and recent volatility. Highly uncertain — not financial advice.
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.
Electrovaya Inc. trades under the symbol ELVA in the Industrials sector. It is positioned with a current price of $8.56 per share and a market capitalization of $423.78M. Its market rank is 2972.
A major floor 37.6% below — a decisive break under it would weaken the trend.
The nearest floor, 6.7% below — buyers have tended to step in here.
The nearest ceiling, 43.1% above — a clean break opens room to run.
A major ceiling 61.9% above — clearing it would confirm fresh momentum.
Key ELVA support and resistance from recent price action — levels where the trend has historically paused or reversed. Percentages are the distance from the current price.
A snapshot of ELVA market posture derived from its technical indicators and recent volatility. Higher trend and alignment lean bullish; higher risk means larger swings.
Technical Analysis
Indicators computed on daily closing prices.
| Period | SMA | Action | EMA | Action |
|---|---|---|---|---|
| MA 5 | $8.17 | Buy | $8.29 | Sell |
| MA 10 | $8.62 | Sell | $8.53 | Sell |
| MA 20 | $8.90 | Sell | $8.89 | Sell |
| MA 50 | $9.83 | Sell | $9.34 | Sell |
| MA 100 | $9.38 | Sell | $9.21 | Sell |
| MA 200 | $8.34 | Sell | $8.32 | Sell |
| Name | Value | Action |
|---|---|---|
| RSI (14) | 44.45 | Neutral |
| Stoch RSI (14) | 39.47 | Neutral |
| CCI (20) | -65.60 | Neutral |
| Williams %R (14) | -86.55 | Info |
| MACD (12,26,9) | -0.08 | Sell |
| ROC (12) | -30.10 | Sell |
| Bollinger %B (20,2) | 0.32 | Neutral |
| Stochastic %K (14) | 13.45 | Buy |
| TRIX (15) | -0.54 | Sell |
| Awesome (5,34) | -1.18 | Sell |
| Ultimate (7,14,28) | 40.68 | Neutral |
| Momentum (10) | -1.26 | Sell |
| Aroon Osc (25) | -40.00 | Sell |
| Hull MA (9) | 7.94 | Buy |
| ADX (14) | 12.98 | Neutral |
| ATR (14) | 0.59 | Info |
The 30-day technical picture is bullish and closely watched by traders, with RSI14 at 50. The 50-day simple moving average is $9.85 and the 200-day simple moving average is $8.34. Nearby support is at $7.67 and resistance at $11.76. The 30-day price range runs from a low of $5.86 to a high of $12.50.
| Year | Min | Avg | Max | ROI | Sentiment |
|---|---|---|---|---|---|
| $7.24 | $8.22 | $9.68 | 0% | Neutral | |
| $5.82 | $7.99 | $11.85 | -3% | Neutral | |
| $6.00 | $8.77 | $13.88 | +7% | Neutral | |
| $7.47 | $11.50 | $19.12 | +40% | Bullish | |
| $9.10 | $14.68 | $25.42 | +79% | Bullish | |
| $9.87 | $16.65 | $29.86 | +103% | Bullish | |
| $10.66 | $18.74 | $34.66 | +128% | Bullish | |
| $9.04 | $16.55 | $31.47 | +101% | Bullish | |
| $8.68 | $16.55 | $32.27 | +101% | Bullish | |
| $10.23 | $20.27 | $40.43 | +147% | Bullish | |
| $15.48 | $34.40 | $75.44 | +318% | Bullish | |
| $34.27 | $76.15 | $175.15 | +826% | Bullish |
Current year — the forecast is anchored to the live price, so ROI shows 0%.
| Month | Min | Avg | Max | Change |
|---|---|---|---|---|
| August 2026 | $7.24 | $8.22 | $10.23 | +0.00% |
| September 2026 | $6.31 | $7.68 | $9.75 | -6.58% |
| October 2026 | $6.05 | $7.46 | $9.67 | -2.84% |
| November 2026 | $6.11 | $7.63 | $10.04 | +2.21% |
| December 2026 | $5.75 | $7.25 | $9.68 | -4.93% |
Click any year to see its month-by-month ELVA forecast. Min / Avg / Max are a bear / base / bull scenario; ROI is the projected move from the current price. Change is the month-over-month move in the average. Estimates, not guarantees.
Electrovaya Inc.'s 2026 outlook centres on $8.22, within a $7.24 to $9.68 range. That marks a 0% change versus current levels. A consolidation phase looks the most probable path here.
By 2027, ELVA could reach as high as $11.85, with a base case around $7.99 and support toward $5.82 — roughly -3% from $8.22. Price action looks broadly range-bound.
Expect ELVA to range from $6.00 to $13.88 through 2028. The $8.77 average target implies a +7% move from current prices. That is up +10% on the projected 2027 average. A consolidation phase looks the most probable path here.
The ELVA price prediction for 2029 points to an average of $11.50 (low $7.47, high $19.12) — a potential gain of +40% on today's $8.22. Momentum favours further upside here.
In 2030, ELVA is projected to trade between $9.10 and $25.42, averaging $14.68 — a potential gain of +79% from today's $8.22. That is up +28% on the projected 2029 average. Buyers look set to stay in control over this stretch.
Electrovaya Inc.'s 2031 outlook centres on $16.65, within a $9.87 to $29.86 range. That is up +13% on the projected 2030 average. That marks a +103% change versus current levels. Momentum favours further upside here.
By 2032, ELVA could reach as high as $34.66, with a base case around $18.74 and support toward $10.66 — roughly +128% from $8.22. Buyers look set to stay in control over this stretch.
Expect ELVA to range from $9.04 to $31.47 through 2033. The $16.55 average target implies a +101% move from current prices. That is -12% versus the projected 2032 average. Momentum favours further upside here.
The ELVA price prediction for 2034 points to an average of $16.55 (low $8.68, high $32.27) — a potential gain of +101% on today's $8.22. Buyers look set to stay in control over this stretch.
In 2035, ELVA is projected to trade between $10.23 and $40.43, averaging $20.27 — a potential gain of +147% from today's $8.22. That is up +22% on the projected 2034 average. Momentum favours further upside here.
Electrovaya Inc.'s 2040 outlook centres on $34.40, within a $15.48 to $75.44 range. That is up +70% on the projected 2035 average. That marks a +318% change versus current levels. Buyers look set to stay in control over this stretch.
By 2050, ELVA could reach as high as $175.15, with a base case around $76.15 and support toward $34.27 — roughly +826% from $8.22. Momentum favours further upside here.
Investing $1,000 in ELVA today (≈ 121.654501 ELVA) could be worth
$9,264.04
+$8,264.04 (+826%) by 2050 · US Dollar
Based on the average projected ELVA price of $76.15 in 2050.
Based on the base (average) forecast scenario. FX rates are indicative. Estimates only — not financial advice.
See what a past investment in ELVAwould be worth at today's price.
$1,000 invested in ELVA on Jul 31, 2025 (≈ 204.081629 ELVA) would be worth
$1,677.55
+$677.55 (+67.8%) today · 1.68× · US Dollar
Based on a ELVA entry price of $4.9 vs. today's $8.22.
| Invested | Entry price | Value today | Return |
|---|---|---|---|
| 1 week ago | $8.33 | $986.79 | -1.3% |
| 1 month ago | $10.48 | $784.35 | -21.6% |
| 3 months ago | $9.5 | $865.26 | -13.5% |
| 6 months ago | $11.23 | $731.97 | -26.8% |
| 1 year ago | $4.9 | $1,677.55 | +67.8% |
| All time (5.0y) ago | $4.2 | $1,957.14 | +95.7% |
Past performance from historical market data — it does not predict future results. FX rates are indicative. Not financial advice.
Enter a price to see how it sits against our ELVA forecast.
Our base-case forecast reaches $16.00 around 2031.
Implied market cap at $16.00: $792.12M
The multi-year forecast shows a clear bullish trajectory after 2026, with 2026 average price $8.56 and 2029 average price $12.96, rising to 2030 average $16.72 and 2050 average $95.75. Max forecast prices reach $28.96 in 2030, $91.86 in 2040, and $220.23 in 2050. The forecast also shows a progression of bullish sentiment from 2029 onward.
ROI grows from 0% in 2026 to 95.3% in 2030, 389.3% in 2040, and 1018.6% in 2050. These figures are estimates and not guarantees, and they reflect the projected upside over the horizon while acknowledging inherent investment risk.
Tap a question to reveal the answer.
Min $10.36, avg $16.72, max $28.96, ROI 95.3%, sentiment BULLISH.
Forecasts show bullish sentiment from 2029 onward and average price rising to $16.72 by 2030 and $95.75 by 2050, with ROI up to 1018.6%.
2035 max $48.43; 2040 max $91.86, so reaching $50 is possible by 2040 according to the forecast’s max values.
Avg $95.75, min $43.09, max $220.23, ROI 1018.6%, sentiment BULLISH.
Current price $8.56; market cap $423.78M.
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