ELLIPTIC LABORATORIES ASA (ELABS.OL) Stock Technical Analysis
Europe - Euronext Oslo - OSL:ELABS - NO0010722283 - Common Stock
Overall ELABS gets a technical rating of 0 out of 10. ELABS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of ELABS is bad and it also does not present a 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
6.81
We can see 5 important resistance areas.
- A resistance zone ranging from 9.04 to 9.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @9.84 from a trend line in the daily time frame.
- Resistance @10.10 from a horizontal line in the daily time frame.
- Resistance @13.04 from a trend line in the weekly time frame.
- Resistance @13.61 from a trend line in the weekly 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 | 7.5 | NEGATIVE | ELABS.OL has a low relative strength, it was outperformed by 92.5% 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) | 33.16 | NEUTRAL | The RSI value for ELABS.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests ELABS.OL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.4 | NEUTRAL | The Stochastics value for ELABS.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 7.03 | HIGH VOLATILITY | The high ATR as a percentage value for ELABS.OL suggests high volalility. |
| Average Directional Index/ADX (14) | 43.92 | POSITIVE | The high ADX value value for ELABS.OL suggests a strong trend. |
OSL:ELABS (11/28/2025, 3:49:26 PM)
6.88
-0.17 (-2.41%)
ELLIPTIC LABORATORIES ASA / ELABS.OL FAQ
What is the technical rating for ELABS stock?
ChartMill assigns a technical rating of 0 / 10 to ELABS.OL.
What is the trend direction for ELABS stock?
The current trend direction for ELLIPTIC LABORATORIES ASA (ELABS.OL) is Bearish.
What is the RSI signal for ELABS stock?
ELLIPTIC LABORATORIES ASA (ELABS.OL) has an RSI value of 33.1556. This indicates that the stock is currently neutral.
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 -0.132504, indicating a bearish trend.
What is the short term momentum for ELABS stock?
The short term momentum for ELLIPTIC LABORATORIES ASA (ELABS.OL) is negative.