ELKEM ASA (ELK.OL) Stock Technical Analysis
Europe - Euronext Oslo - OSL:ELK - NO0010816093 - Common Stock
Overall ELK gets a technical rating of 10 out of 10. Both in the recent history as in the last year, ELK has proven to be a steady performer, scoring decent points in every aspect analyzed.
ELK has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 26.98, 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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23.88
When analyzing the support we can see 3 important areas.
- A support zone ranging from 26.37 to 26.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 25.48 to 25.48. 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.
We found 1 important resistance area.
- Resistance @28.26 from a horizontal 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 | UP | POSITIVE | The long term trend for ELK.OL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ELK.OL is up. |
| ChartMill Relative Strength | 85.93 | POSITIVE | ELK.OL has a high relative strength, it outperformed 85.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ELK.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ELK.OL is above the rising 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) | 63.05 | NEUTRAL | The RSI value for ELK.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests ELK.OL has a positive trend. |
| Stochastics (14,3) | 95.72 | OVERBOUGHT | The high Stochastics value suggests ELK.OL may be overbought. |
| Average True Range in percent/ATR (20) | 2.7 | MEDIUM VOLATILITY | The ATR as a percentage value for ELK.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 14.49 | NEGATIVE | The low ADX value for ELK.OL suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 28.27 | 26.36 | 1.91 (6.76%) | 14.80% |
| An entry @28.27. This is a Buy Stop order right above the resistance zone. | An exit @26.36. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.91 points, which is 6.76%. | For a 1.00% total portfolio risk, you can invest 14.80% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
OSL:ELK (12/2/2025, 4:19:10 PM)
27.62
-0.18 (-0.65%)
ELKEM ASA / ELK.OL FAQ
What is the ChartMill technical rating of ELKEM ASA (ELK.OL) stock?
ChartMill assigns a technical rating of 10 / 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 63.0524. 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 positive.
What is the buy/sell signal for ELKEM ASA (ELK.OL) stock?
The buy/sell signal for ELKEM ASA (ELK.OL) is buy as both the short term and long term trends are positive.