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ELKEM ASA (ELK.OL) Stock Technical Analysis

Europe - OSL:ELK - NO0010816093 - Common Stock

25.68 NOK
-0.06 (-0.23%)
Last: 11/7/2025, 9:58:33 AM
Technical Rating and Analysis

5

We assign a technical rating of 5 out of 10 to ELK. 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.

In the last month ELK has a been trading in the 25.60 - 29.28 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that ELK is one of the better performing stocks in the market, outperforming 78% of all stocks.
ELK is part of the Chemicals industry. There are 66 other stocks in this industry. ELK outperforms 76% 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.
ELK has an average volume of 1162630 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Considerably lower volume is observed in the last couple of days.

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Weekly and Daily overview Charts
ELKEM ASA / ELK Weekly stock chart
ELKEM ASA / ELK Daily stock chart
Setup Rating and Analysis

6

ELK has only a medium technical rating, but it does show 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 25.73, a Stop Loss order could be placed below this zone.

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Support and Resistance Analysis

20.19

26.60

2 important support areas can be observed.

  • 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 25.73 to 26.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for ELK.OL is up.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for ELK.OL is down.
ChartMill Relative Strength78.64POSITIVEELK.OL has a high relative strength, it outperformed 78.64% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of ELK.OL is below a declining SMA(20).
Simple Moving Average/SMA (50)UPMIXEDThe current price of ELK.OL is below the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of ELK.OL is above the rising SMA(200).
Relative Strength Index/RSI (14)40.3NEUTRALThe RSI value for ELK.OL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.19NEGATIVEThe MACD value suggests ELK.OL has a negative trend.
Stochastics (14,3)9.47OVERSOLDThe low Stochastics value suggests ELK.OL may be oversold.
Average True Range in percent/ATR (20)3.36MEDIUM VOLATILITYThe ATR as a percentage value for ELK.OL suggests some volalility.
Average Directional Index/ADX (14)16.88NEGATIVEThe low ADX value for ELK.OL suggests a weak or negative trend.
Chart- and CandleStick Pattern Analysis
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)

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ELKEM ASA / ELK Daily stock chart

ELKEM ASA

OSL:ELK (11/7/2025, 9:58:33 AM)

25.68

-0.06 (-0.23%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-0.23%
1 Week-3.88%
2 Weeks-3.74%
1 Month-5.71%
3 Month1.74%
6 Month36.05%
12 Month44.36%
2 Year47.42%
3 Year-28.42%
5 Year-9.87%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.85
ATR(20)%3.36%
ATR Inc-41.29%
Range Today0.08
ADR(20)0.82
ADR(20)%3.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.64
3 months CRS44.12
6 months CRS86.72
Mansfield0.63
10 Day High27.12
10 Day Low25.6
20 Day High29.28
20 Day Low25.6
52 Week High29.28
52 Week Low16.5
CS1 End25.73
CR1 Start26
Volume & EV
DER(3)1.16%
DER(5)2.51%
Volume36.10K
Volume Incr-45.4%
Vol(5)691.96K
Vol(50)1.16M

ELKEM ASA / ELK.OL FAQ

What is the ChartMill technical rating of ELKEM ASA (ELK.OL) stock?

ChartMill assigns a technical rating of 5 / 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 40.3027. 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.