ELLIPTIC LABORATORIES ASA (ELABS.OL) Stock Technical Analysis
OSL:ELABS - Euronext Oslo - NO0010722283 - Common Stock - Currency: NOK
We assign a technical rating of 10 out of 10 to ELABS. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ELABS is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that ELABS is one of the better performing stocks in the market, outperforming 92% of all stocks.
ELABS is one of the better performing stocks in the Software industry, it outperforms 84% of 102 stocks in the same industry.
ELABS is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ELABS is lagging the market slightly.
In the last month ELABS has a been trading in the 11.00 - 14.44 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although ELABS has an excellent technical rating, it 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
8.99
14.54
When analyzing the support we can see 3 important areas.
- Support @12.13 from a trend line in the daily time frame.
- A support zone ranging from 11.08 to 11.13. This zone is formed by a combination of multiple trend lines and important moving averages 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.
2 important resistance areas can be observed.
- Resistance @13.69 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 14.25 to 14.40. This zone is formed by a combination of multiple trend lines 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 | 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 | 92.1 | POSITIVE | ELABS.OL has a high relative strength, it outperformed 92.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ELABS.OL is above 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) | UP | POSITIVE | The current price of ELABS.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.33 | NEUTRAL | The RSI value for ELABS.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests ELABS.OL has a negative trend. |
| Stochastics (14,3) | 60.78 | NEUTRAL | The Stochastics value for ELABS.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 5.69 | HIGH VOLATILITY | The high ATR as a percentage value for ELABS.OL suggests high volalility. |
| Average Directional Index/ADX (14) | 27.34 | POSITIVE | The high ADX value value for ELABS.OL suggests a strong 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 (6/19/2025, 4:15:04 PM)
12.74
-0.14 (-1.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-1.09%
1 Week-8.52%
2 Weeks6.45%
1 Month3.04%
3 Month34.73%
6 Month24.08%
12 Month30.89%
2 Year-12.26%
3 Year-22.69%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.67
ATR(20)%5.69%
ATR Inc-19.06%
Range Today0.12
ADR(20)0.66
ADR(20)%5.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.1
Mansfield1.14
10 Day High14.44
10 Day Low12.04
20 Day High14.44
20 Day Low11
52 Week High15.48
52 Week Low8.33
CS1 End12.13
CR1 Start13.69
Volume & EV
DER(3)0.02%
DER(5)0.01%
Volume4.47K
Volume Incr-40.81%
Vol(5)276.59K
Vol(50)280.07K