ELLIPTIC LABORATORIES ASA (ELABS.OL) Stock Technical Analysis
OSL:ELABS - Euronext Oslo - NO0010722283 - Common Stock - Currency: NOK
Taking everything into account, ELABS scores 7 out of 10 in our technical rating. ELABS has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the performance of all stocks over the past year, ELABS turns out to be only a medium performer in the overall market: it outperformed 40% of all stocks.
ELABS is an average performer in the Software industry, it outperforms 55% of 101 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 9.56 - 13.18 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, ELABS also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 11.29, a Stop Loss order could be placed below this zone.
More info and screens
8.99
13.23
When analyzing the support we can see 2 important areas.
- A support zone ranging from 11.28 to 11.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
- A resistance zone ranging from 11.85 to 11.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 12.86 to 13.10. 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 | 40.35 | NEUTRAL | ELABS.OL is not amongst the best or worst performers 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) | 52.43 | NEUTRAL | The RSI value for ELABS.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests ELABS.OL has a negative trend. |
| Stochastics (14,3) | 38.34 | NEUTRAL | The Stochastics value for ELABS.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 6.65 | HIGH VOLATILITY | The high ATR as a percentage value for ELABS.OL suggests high volalility. |
| Average Directional Index/ADX (14) | 29.04 | 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 (5/28/2025, 7:00:00 PM)
11.3
-0.24 (-2.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-2.08%
1 Week-12.4%
2 Weeks-4.24%
1 Month14.14%
3 Month10.78%
6 Month23.77%
12 Month-13.48%
2 Year3.29%
3 Year-42.05%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.81
ATR(20)%6.65%
ATR Inc-39.66%
Range Today0.56
ADR(20)0.64
ADR(20)%5.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS40.35
Mansfield0.09
10 Day High13.18
10 Day Low11
20 Day High13.18
20 Day Low9.56
52 Week High15.48
52 Week Low8.33
CS1 End11.29
CR1 Start11.85
Volume & EV
DER(3)0.98%
DER(5)0.49%
Volume167.56K
Volume Incr42.39%
Vol(5)426.40K
Vol(50)228.85K