ELKEM ASA (ELK.OL) Stock Technical Analysis
Europe - OSL:ELK - NO0010816093 - Common Stock
Overall ELK gets a technical rating of 4 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Although the technical rating is only medium, ELK does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 25.47, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ELK in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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20.19
When analyzing the support we can see 3 important areas.
- A support zone ranging from 25.47 to 25.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @24.12 from a horizontal line in the daily time frame.
- Support @20.39 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 25.86 to 26.29. This zone is formed by a combination of multiple trend lines and important moving averages 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 ELK.OL is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ELK.OL is down. |
| ChartMill Relative Strength | 77.97 | POSITIVE | ELK.OL has a high relative strength, it outperformed 77.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ELK.OL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ELK.OL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ELK.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.09 | NEUTRAL | The RSI value for ELK.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests ELK.OL has a negative trend. |
| Stochastics (14,3) | 7.2 | OVERSOLD | The low Stochastics value suggests ELK.OL may be oversold. |
| Average True Range in percent/ATR (20) | 3.29 | MEDIUM VOLATILITY | The ATR as a percentage value for ELK.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 16.82 | NEGATIVE | The low ADX value for ELK.OL suggests a weak or negative trend. |
OSL:ELK (11/10/2025, 4:19:58 PM)
25.84
+0.36 (+1.41%)
ELKEM ASA / ELK.OL FAQ
What is the ChartMill technical rating of ELKEM ASA (ELK.OL) stock?
ChartMill assigns a technical rating of 3 / 10 to ELK.OL.
What is the current trend direction of ELKEM ASA (ELK.OL) stock?
The current trend direction for ELKEM ASA (ELK.OL) is Bullish.
What is the RSI signal for ELK stock?
ELKEM ASA (ELK.OL) has an RSI value of 38.085. This indicates that the stock is currently neutral.
What is the short term momentum for ELKEM ASA (ELK.OL) stock?
The short term momentum for ELKEM ASA (ELK.OL) is negative.
What is the buy/sell signal for ELKEM ASA (ELK.OL) stock?
The buy/sell signal for ELKEM ASA (ELK.OL) is hold as the short term and long term trends are mixed.