ELLIPTIC LABORATORIES ASA (ELABS.OL) Stock Technical Analysis
OSL:ELABS - Euronext Oslo - NO0010722283 - Common Stock - Currency: NOK
We assign a technical rating of 4 out of 10 to ELABS. In the past year, ELABS was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
90% of all other stocks performed better in the past year than ELABS.
ELABS is one of the lesser performing stocks in the Software industry. 75% of 97 stocks in the same industry do better.
ELABS is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
In the last month ELABS has a been trading in the 8.33 - 10.16 range, which is quite wide. It is currently trading near the high of this range.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Considerably lower volume is observed in the last couple of days.
ELABS has an average technical rating and it also does not offer a high 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
10.81
When analyzing the support we can see 3 important areas.
- A support zone ranging from 9.89 to 9.91. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 9.35 to 9.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.25
Mansfield-1.54
10 Day High10.16
10 Day Low8.91
20 Day High10.16
20 Day Low8.33
52 Week High16.8
52 Week Low8.33
Performance
1 Week4.59%
2 Weeks2.79%
1 Month5.27%
3 Month-15.67%
6 Month-9.96%
12 Month-38.75%
2 Year-12.43%
3 Year-50.87%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.07
RSI(14)51.84
LBB8.82
UBB9.86
OSL:ELABS (5/6/2025, 1:41:51 PM)
10.7
+1.12 (+11.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg11.69%
1 Week4.59%
2 Weeks2.79%
1 Month5.27%
3 Month-15.67%
6 Month-9.96%
12 Month-38.75%
2 Year-12.43%
3 Year-50.87%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.43
ATR(20)%5.17%
ATR Inc-32.53%
Range Today0.73
ADR(20)0.44
ADR(20)%4.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.25
Mansfield-1.54
10 Day High10.16
10 Day Low8.91
20 Day High10.16
20 Day Low8.33
52 Week High16.8
52 Week Low8.33
CS1 End9.91
CR1 StartN/A
Volume & EV
DER(3)0.12%
DER(5)0.91%
Volume3.90K
Volume Incr-43.07%
Vol(5)68.97K
Vol(50)167.78K