ELKEM ASA (ELK.OL) Stock Technical Analysis
Europe - OSL:ELK - NO0010816093 - Common Stock
27.3 NOK
+0.12 (+0.44%)
Overall ELK gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ELK is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
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 one of the better performing stocks in the Chemicals industry, it outperforms 82% of 71 stocks in the same industry.
ELK is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
ELK is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
ELK has an average volume of 1036530 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ELK has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
19.85
27.88
6 important support areas can be observed.
- A support zone ranging from 26.23 to 26.29. 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 25.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @24.82 from a horizontal line in the weekly time frame.
- A support zone ranging from 24.12 to 24.34. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @20.89 from a trend line in the daily time frame.
- Support @20.05 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 27.31 to 27.60. 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 | UP | POSITIVE | The short term trend for ELK.OL is up. |
| ChartMill Relative Strength | 78.3 | POSITIVE | ELK.OL has a high relative strength, it outperformed 78.3% 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) | 59.47 | NEUTRAL | The RSI value for ELK.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests ELK.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.37 | OVERBOUGHT | The high Stochastics value suggests ELK.OL may be overbought. |
| Average True Range in percent/ATR (20) | 3.17 | MEDIUM VOLATILITY | The ATR as a percentage value for ELK.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 26.73 | POSITIVE | The high ADX value value for ELK.OL suggests a strong 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)
OSL:ELK (10/9/2025, 7:00:00 PM)
27.3
+0.12 (+0.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg0.44%
1 Week-1.09%
2 Weeks2.94%
1 Month10.44%
3 Month20.8%
6 Month50.25%
12 Month26.62%
2 Year57.99%
3 Year-21.05%
5 Year35.15%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.78
ATR(20)%3.17%
ATR Inc-48.37%
Range Today0.48
ADR(20)0.79
ADR(20)%2.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.3
Mansfield1.46
10 Day High27.76
10 Day Low26.16
20 Day High27.76
20 Day Low24.3
52 Week High27.76
52 Week Low16.5
CS1 End26.29
CR1 Start27.31
Volume & EV
DER(3)-4.06%
DER(5)-3.32%
Volume728.33K
Volume Incr-30.79%
Vol(5)906.31K
Vol(50)1.04M