ELLIPTIC LABORATORIES ASA (ELABS.OL) Stock Technical Analysis
OSL:ELABS - Euronext Oslo - NO0010722283 - Common Stock - Currency: NOK
Taking everything into account, ELABS scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, ELABS has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
ELABS is part of the Software industry. There are 100 other stocks in this industry. ELABS outperforms 71% of them.
ELABS is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ELABS is lagging the market slightly.
When comparing the yearly performance of all stocks, we notice that ELABS is one of the better performing stocks in the market, outperforming 82% of all stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month ELABS has a been trading in the 12.54 - 14.18 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, ELABS also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
8.99
14.01
2 important support areas can be observed.
- Support @12.33 from a horizontal line in the daily time frame.
- A support zone ranging from 9.08 to 9.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 13.36 to 13.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @13.87 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for ELABS.OL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ELABS.OL is up. |
| ChartMill Relative Strength | 82.4 | POSITIVE | ELABS.OL has a high relative strength, it outperformed 82.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ELABS.OL is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ELABS.OL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ELABS.OL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.78 | NEUTRAL | The RSI value for ELABS.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests ELABS.OL has a negative trend. |
| Stochastics (14,3) | 54.47 | NEUTRAL | The Stochastics value for ELABS.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.88 | MEDIUM VOLATILITY | The ATR as a percentage value for ELABS.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 11.71 | NEGATIVE | The low ADX value for ELABS.OL suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 13.46 | 12.53 | 0.93 (6.91%) | 14.47% |
| An entry @13.46. This is a Buy Stop order right above the resistance zone. | An exit @12.53. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.93 points, which is 6.91%. | For a 1.00% total portfolio risk, you can invest 14.47% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
OSL:ELABS (7/22/2025, 7:00:00 PM)
13.2
-0.12 (-0.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.9%
1 Week-0.15%
2 Weeks2.61%
1 Month8.43%
3 Month43.56%
6 Month19.89%
12 Month4.04%
2 Year-24.66%
3 Year-28.68%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.49
ATR(20)%3.88%
ATR Inc-54.55%
Range Today0.44
ADR(20)0.5
ADR(20)%3.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.4
Mansfield0.96
10 Day High14.18
10 Day Low12.54
20 Day High14.18
20 Day Low12.54
52 Week High15.48
52 Week Low8.33
CS1 End12.33
CR1 Start13.41
Volume & EV
DER(3)0.1%
DER(5)0.75%
Volume117.22K
Volume Incr-55.56%
Vol(5)127.83K
Vol(50)344.16K