ELLIPTIC LABORATORIES ASA (ELABS.OL) Stock Technical Analysis
OSL:ELABS • NO0010722283
Taking everything into account, ELABS scores 0 out of 10 in our technical rating. 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.
- 99% of all other stocks performed better in the past year than ELABS.
- ELABS is one of the lesser performing stocks in the Software industry. 74% of 112 stocks in the same industry do better.
- ELABS is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month ELABS has a been trading in the 3.65 - 5.90 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The technical rating of ELABS is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
3.66
We can see 2 important resistance areas.
- Resistance @4.82 from a trend line in the daily time frame.
- Resistance @4.98 from a trend line 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 | 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 | 1.58 | NEGATIVE | ELABS.OL has a low relative strength, it was outperformed by 98.42% 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) | 29.61 | OVERSOLD | The low RSI value suggests ELABS.OL may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests ELABS.OL has a negative trend. |
| Stochastics (14,3) | 8.41 | OVERSOLD | The low Stochastics value suggests ELABS.OL may be oversold. |
| Average True Range in percent/ATR (20) | 11.3 | HIGH VOLATILITY | The high ATR as a percentage value for ELABS.OL suggests high volalility. |
| Average Directional Index/ADX (14) | 26.05 | POSITIVE | The high ADX value value for ELABS.OL suggests a strong trend. |
OSL:ELABS (2/27/2026, 7:00:00 PM)
3.7
-0.27 (-6.8%)
ELLIPTIC LABORATORIES ASA / ELABS.OL FAQ
Can you provide the ChartMill technical rating for ELLIPTIC LABORATORIES ASA?
ChartMill assigns a technical rating of 0 / 10 to ELABS.OL.
Can you provide the trend direction for ELLIPTIC LABORATORIES ASA?
The current trend direction for ELLIPTIC LABORATORIES ASA (ELABS.OL) is Bearish.
Can you provide the RSI signal for ELLIPTIC LABORATORIES ASA?
ELLIPTIC LABORATORIES ASA (ELABS.OL) has an RSI value of 29.6117. This indicates that the stock is currently oversold.
What is the MACD signal for ELLIPTIC LABORATORIES ASA (ELABS.OL) stock?
The MACD indicator for ELLIPTIC LABORATORIES ASA (ELABS.OL) has a value of -0.0562765, indicating a bearish trend.
What are the support and resistance levels for ELLIPTIC LABORATORIES ASA (ELABS.OL) stock?
ELLIPTIC LABORATORIES ASA (ELABS.OL) has a resistance level at 4.82. Check the full technical report for our detailed analysis of ELABS.OL support and resistance levels.