ELKEM ASA (ELK.OL) Stock Technical Analysis
OSL:ELK • NO0010816093
Overall ELK gets a technical rating of 5 out of 10. In the last year, ELK was a medium performer in the overall market. The medium term is still looking fine, but we see 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.
- ELK is one of the better performing stocks in the Chemicals industry, it outperforms 73% of 73 stocks in the same industry.
- 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.
- When comparing the performance of all stocks over the past year, ELK turns out to be only a medium performer in the overall market: it outperformed 68% of all stocks.
- In the last month ELK has a been trading in the 27.80 - 30.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, ELK does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 30.58. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
26.37
We found 3 important support areas.
- A support zone ranging from 28.62 to 28.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 27.96 to 28.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 26.64 to 26.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
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.
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 | 68.79 | NEUTRAL | ELK.OL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ELK.OL is above 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) | 50.29 | NEUTRAL | The RSI value for ELK.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ELK.OL has a positive trend. |
| Stochastics (14,3) | 45.6 | NEUTRAL | The Stochastics value for ELK.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.84 | MEDIUM VOLATILITY | The ATR as a percentage value for ELK.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 22.21 | NEUTRAL | The ADX value for ELK.OL suggests a possible start of a new trend. |
OSL:ELK (2/12/2026, 4:19:52 PM)
29.04
+0.04 (+0.14%)
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 trend direction for ELK 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 50.285. 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 0.00812161, indicating a bearish trend.
What is the short term momentum for ELK stock?
The short term momentum for ELKEM ASA (ELK.OL) is neutral.