ELLIPTIC LABORATORIES ASA (ELABS.OL) Stock Technical Analysis
OSL:ELABS - NO0010722283 - Common Stock
10.4 NOK
-0.24 (-2.26%)
We assign a technical rating of 0 out of 10 to ELABS. 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, ELABS is a bad performer in the overall market: 92% of all stocks are doing better.
ELABS is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
ELABS is part of the Software industry. There are 101 other stocks in this industry, ELABS did better than 43% of them.
ELABS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ELABS is lagging the market.
Considerably lower volume is observed in the last couple of days.
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
8.91
13.54
When analyzing the support we can see 2 important areas.
- A support zone ranging from 9.99 to 10.06. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 9.00 to 9.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 10.65 to 10.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 11.58 to 11.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @13.41 from a trend 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 | 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 | 8.06 | NEGATIVE | ELABS.OL has a low relative strength, it was outperformed by 91.94% 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) | 39.91 | NEUTRAL | The RSI value for ELABS.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ELABS.OL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.43 | NEUTRAL | The Stochastics value for ELABS.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 5.8 | HIGH VOLATILITY | The high ATR as a percentage value for ELABS.OL suggests high volalility. |
| Average Directional Index/ADX (14) | 22.16 | NEUTRAL | The ADX value for ELABS.OL suggests a possible start of a new 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)
OSL:ELABS (9/10/2025, 7:00:00 PM)
10.4
-0.24 (-2.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-2.26%
1 Week4.6%
2 Weeks-13.98%
1 Month-14.96%
3 Month-23.43%
6 Month7.84%
12 Month-23.2%
2 Year-30.27%
3 Year-37.66%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.64
ATR(20)%5.8%
ATR Inc-45.47%
Range Today0.38
ADR(20)0.52
ADR(20)%4.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.06
Mansfield-1.45
10 Day High12.26
10 Day Low9.9
20 Day High12.72
20 Day Low9.9
52 Week High14.44
52 Week Low8.33
CS1 End10.06
CR1 Start10.65
Volume & EV
DER(3)0.34%
DER(5)-0.2%
Volume100.74K
Volume Incr-55.87%
Vol(5)195.49K
Vol(50)301.92K