ELKEM ASA (ELK.OL) Stock Technical Analysis
OSL:ELK - NO0010816093 - Common Stock
24.76 NOK
-0.48 (-1.9%)
Overall ELK gets a technical rating of 8 out of 10. In the last year, ELK was one of the better performers, but we do observe some doubts in the very recent evolution.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, ELK did better than 85% of all other stocks. We also observe that the gains produced by ELK over the past year are nicely spread over this period.
ELK is part of the Chemicals industry. There are 65 other stocks in this industry. ELK outperforms 84% of them.
ELK is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ELK is lagging the market slightly.
In the last month ELK has a been trading in the 24.30 - 26.28 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
ELK has an excellent technical rating and 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 24.80, a Stop Loss order could be placed below this zone.
More info and screens
19.51
26.56
We found 3 important support areas.
- A support zone ranging from 24.12 to 24.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @20.38 from a trend line in the daily time frame.
- Support @19.71 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 24.79 to 25.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 25.84 to 26.30. 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 ELK.OL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ELK.OL is neutral. |
| ChartMill Relative Strength | 85.2 | POSITIVE | ELK.OL has a high relative strength, it outperformed 85.2% 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) | UP | MIXED | The current price of ELK.OL is below 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) | 46.54 | NEUTRAL | The RSI value for ELK.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests ELK.OL has a negative trend. |
| Stochastics (14,3) | 42.96 | NEUTRAL | The Stochastics value for ELK.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.25 | MEDIUM VOLATILITY | The ATR as a percentage value for ELK.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 14.47 | NEGATIVE | The low ADX value for ELK.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)
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 |
|---|---|---|---|
| 25.37 | 24.78 | 0.59 (2.33%) | 25.00% |
| An entry @25.37. This is a Buy Stop order right above the resistance zone. | An exit @24.78. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.59 points, which is 2.33%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.58%. |
- The distance between exit and entry is rather small compared to the average daily movement of ELK. Please evaluate whether better entry and exit points can be found.
- 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 (9/10/2025, 7:00:00 PM)
24.76
-0.48 (-1.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-1.9%
1 Week0.4%
2 Weeks-2.52%
1 Month-3.12%
3 Month11.51%
6 Month6.71%
12 Month44.61%
2 Year14.39%
3 Year-29.51%
5 Year24.37%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.53
ATR(20)%2.25%
ATR Inc-28.53%
Range Today0.54
ADR(20)0.54
ADR(20)%2.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.2
Mansfield0.84
10 Day High26
10 Day Low24.3
20 Day High26.28
20 Day Low24.3
52 Week High26.5
52 Week Low16.5
CS1 End24.8
CR1 Start24.94
Volume & EV
DER(3)0.09%
DER(5)-0.12%
Volume293.14K
Volume Incr-55.58%
Vol(5)365.90K
Vol(50)980.09K