ELLIPTIC LABORATORIES ASA (ELABS.OL) Stock Technical Analysis
OSL:ELABS - Euronext Oslo - NO0010722283 - Common Stock - Currency: NOK
We assign a technical rating of 6 out of 10 to ELABS. ELABS has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
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 one of the better performing stocks in the Software industry, it outperforms 74% of 104 stocks in the same industry.
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 an average technical rating and also the quality of the setup is only medium 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
14.01
We found 1 important support 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.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 12.56 to 12.71. This zone is formed by a combination of multiple trend lines and important moving averages 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)
OSL:ELABS (7/30/2025, 4:18:01 PM)
12.4
-0.32 (-2.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-2.52%
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 Today0.24
ADR(20)0.46
ADR(20)%3.73%
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%
Volume1.18K
Volume Incr-49.22%
Vol(5)119.97K
Vol(50)300.93K