ELKEM ASA (ELK.OL) Technical Analysis
OSL:ELK • NO0010816093
Current stock price
ELK.OL Technical Rating and Analysis
Overall ELK gets a technical rating of 4 out of 10. Although ELK is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- When comparing the yearly performance of all stocks, we notice that ELK is one of the better performing stocks in the market, outperforming 72% of all stocks. We also observe that the gains produced by ELK over the past year are nicely spread over this period.
- ELK is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ELK is performing more or less in line with the market.
- ELK has an average volume of 1264790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- ELK is an average performer in the Chemicals industry, it outperforms 66% of 69 stocks in the same industry.
- In the last month ELK has a been trading in the 25.30 - 31.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ELK.OL Weekly and Daily overview Charts
ELK.OL Setup Rating and Analysis
ELK has an average technical rating and the quality of the presented setup is also not ideal 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
ELK.OL Support and Resistance Analysis
24.10
4 important support areas can be observed.
- A support zone ranging from 25.94 to 26.01. This zone is formed by a combination of multiple trend lines 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 the daily time frame.
- A support zone ranging from 24.82 to 25.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @24.34 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 30.58 to 31.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
ELK.OL Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for ELK.OL is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ELK.OL is neutral. |
| ChartMill Relative Strength | 72.39 | POSITIVE | ELK.OL has a high relative strength, it outperformed 72.39% 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) | 49.1 | NEUTRAL | The RSI value for ELK.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ELK.OL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 65.42 | NEUTRAL | The Stochastics value for ELK.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.77 | MEDIUM VOLATILITY | The ATR as a percentage value for ELK.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 17.89 | NEGATIVE | The low ADX value for ELK.OL suggests a weak or negative trend. |
ELK.OL Chart- and CandleStick Pattern Analysis
ELK.OL Technicals: Chart, Performance Metrics, Trend & Indicators
OSL:ELK (3/27/2026, 7:00:00 PM)
28.28
-0.12 (-0.42%)
ELKEM ASA / ELK.OL TA FAQ
What is the ChartMill technical rating of ELKEM ASA (ELK.OL) stock?
ChartMill assigns a technical rating of 4 / 10 to ELK.OL.
What is the trend direction for ELK stock?
The current trend direction for ELKEM ASA (ELK.OL) is Bearish.
What is the RSI signal for ELK stock?
ELKEM ASA (ELK.OL) has an RSI value of 49.1012. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ELKEM ASA?
The MACD indicator for ELKEM ASA (ELK.OL) has a value of -0.00260819, indicating a bearish trend.
What is the short term momentum for ELK stock?
The short term momentum for ELKEM ASA (ELK.OL) is neutral.