ELLIPTIC LABORATORIES ASA (ELABS.OL) Stock Technical Analysis
OSL:ELABS - Euronext Oslo - NO0010722283 - Common Stock - Currency: NOK
Taking everything into account, ELABS scores 6 out of 10 in our technical rating. In the last year, ELABS was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
In the last month ELABS has a been trading in the 12.54 - 14.18 range, which is quite wide. It is currently trading near the lows of this range.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
ELABS is part of the Software industry. There are 104 other stocks in this industry. ELABS outperforms 74% of them.
Looking at the yearly performance, ELABS did better than 77% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
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.
ELABS has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
8.99
14.01
When analyzing the support we notice one important area.
- 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.
We can see 2 important resistance areas.
- A resistance zone ranging from 12.71 to 12.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 13.64 to 13.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for ELABS.OL is neutral. |
| ChartMill Relative Strength | 77.1 | POSITIVE | ELABS.OL has a high relative strength, it outperformed 77.1% 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) | UP | MIXED | The current price of ELABS.OL is below 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) | 43.58 | NEUTRAL | The RSI value for ELABS.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests ELABS.OL has a negative trend. |
| Stochastics (14,3) | 25.61 | NEUTRAL | The Stochastics value for ELABS.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.78 | MEDIUM VOLATILITY | The ATR as a percentage value for ELABS.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 10.36 | 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 |
|---|---|---|---|
| 12.72 | 12.71 | 0.01 (0.08%) | 25.00% |
| An entry @12.72. This is a Buy Stop order right above the resistance zone. | An exit @12.71. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.01 points, which is 0.08%. | For a 0.02% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ELABS. Please evaluate whether better entry and exit points can be found.
- 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 (7/29/2025, 7:00:00 PM)
12.66
-0.46 (-3.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-3.51%
1 Week-3.64%
2 Weeks-5.07%
1 Month-4.36%
3 Month32.78%
6 Month11.97%
12 Month8.72%
2 Year-28.38%
3 Year-32.2%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.5
ATR(20)%3.78%
ATR Inc-21.76%
Range Today0.5
ADR(20)0.46
ADR(20)%3.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.1
Mansfield0.34
10 Day High14.04
10 Day Low12.72
20 Day High14.18
20 Day Low12.54
52 Week High15.48
52 Week Low8.33
CS1 End9.13
CR1 Start12.71
Volume & EV
DER(3)0%
DER(5)-0.25%
Volume263.86K
Volume Incr-49.22%
Vol(5)119.97K
Vol(50)300.93K