ELLIPTIC LABORATORIES ASA (ELABS.OL) Stock Technical Analysis
Europe - Euronext Oslo - OSL:ELABS - NO0010722283 - Common Stock
Overall ELABS gets a technical rating of 0 out of 10. ELABS's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of ELABS is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
5.81
2 important resistance areas can be observed.
- Resistance @6.55 from a trend line in the daily time frame.
- Resistance @8.03 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for ELABS.OL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ELABS.OL is down. |
| ChartMill Relative Strength | 2.79 | NEGATIVE | ELABS.OL has a low relative strength, it was outperformed by 97.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ELABS.OL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ELABS.OL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ELABS.OL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.92 | NEUTRAL | The RSI value for ELABS.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ELABS.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 10.16 | OVERSOLD | The low Stochastics value suggests ELABS.OL may be oversold. |
| Average True Range in percent/ATR (20) | 5.2 | HIGH VOLATILITY | The high ATR as a percentage value for ELABS.OL suggests high volalility. |
| Average Directional Index/ADX (14) | 31.41 | POSITIVE | The high ADX value value for ELABS.OL suggests a strong trend. |
OSL:ELABS (1/9/2026, 7:00:00 PM)
5.87
+0.07 (+1.21%)
ELLIPTIC LABORATORIES ASA / ELABS.OL FAQ
Can you provide the ChartMill technical rating for ELLIPTIC LABORATORIES ASA?
ChartMill assigns a technical rating of 0 / 10 to ELABS.OL.
Can you provide the trend direction for ELLIPTIC LABORATORIES ASA?
The current trend direction for ELLIPTIC LABORATORIES ASA (ELABS.OL) is Bearish.
Can you provide the RSI signal for ELLIPTIC LABORATORIES ASA?
ELLIPTIC LABORATORIES ASA (ELABS.OL) has an RSI value of 34.921. This indicates that the stock is currently neutral.
What is the MACD signal for ELLIPTIC LABORATORIES ASA (ELABS.OL) stock?
The MACD indicator for ELLIPTIC LABORATORIES ASA (ELABS.OL) has a value of 0.0209102, indicating a bearish trend.
What are the support and resistance levels for ELLIPTIC LABORATORIES ASA (ELABS.OL) stock?
ELLIPTIC LABORATORIES ASA (ELABS.OL) has a resistance level at 6.55. Check the full technical report for our detailed analysis of ELABS.OL support and resistance levels.