ELKEM ASA (ELK.OL) Technical Analysis
OSL:ELK • NO0010816093
Current stock price
ELK.OL Technical Rating and Analysis
Taking everything into account, ELK scores 3 out of 10 in our technical rating. ELK has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- 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 1223310 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- When compared to the yearly performance of all other stocks, ELK outperforms 62% of them, which is more or less in line with the market.
- ELK is part of the Chemicals industry. There are 70 other stocks in this industry, ELK did better than 65% of them.
- In the last month ELK has a been trading in the 26.40 - 31.12 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
Although the technical rating is bad, ELK does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for ELK in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
ELK.OL Support and Resistance Analysis
24.10
We found 2 important support areas.
- A support zone ranging from 24.82 to 25.84. 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 29.25 to 29.45. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- 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 | UP | POSITIVE | The long term trend for ELK.OL is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ELK.OL is down. |
| ChartMill Relative Strength | 62.26 | NEUTRAL | ELK.OL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ELK.OL is below the rising 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) | 42.57 | NEUTRAL | The RSI value for ELK.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests ELK.OL has a negative trend. |
| Stochastics (14,3) | 19.87 | OVERSOLD | The low Stochastics value suggests ELK.OL may be oversold. |
| Average True Range in percent/ATR (20) | 3.55 | MEDIUM VOLATILITY | The ATR as a percentage value for ELK.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 14.61 | 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 (3/17/2026, 1:36:07 PM)
28.24
+0.08 (+0.28%)
ELKEM ASA / ELK.OL TA FAQ
What is the ChartMill technical rating of ELKEM ASA (ELK.OL) stock?
ChartMill assigns a technical rating of 3 / 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 42.5736. 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 -0.185748, indicating a bearish trend.
What is the short term momentum for ELK stock?
The short term momentum for ELKEM ASA (ELK.OL) is negative.