ELKEM ASA (ELK.OL) Stock Technical Analysis
OSL:ELK - Euronext Oslo - NO0010816093 - Common Stock - Currency: NOK
We assign a technical rating of 0 out of 10 to ELK. ELK scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
78% of all other stocks performed better in the past year than ELK.
ELK is one of the lesser performing stocks in the Chemicals industry. 60% of 61 stocks in the same industry do better.
ELK is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
In the last month ELK has a been trading in the 17.00 - 21.32 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, ELK does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. 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
16.41
23.88
3 important support areas can be observed.
- Support @18.21 from a trend line in the daily time frame.
- Support @17.15 from a horizontal line in the weekly time frame.
- A support zone ranging from 16.58 to 16.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 18.91 to 19.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 19.81 to 19.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 23.52 to 23.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.78
Mansfield-0.97
10 Day High20
10 Day Low18
20 Day High21.32
20 Day Low17
52 Week High24.16
52 Week Low16.5
Performance
1 Week-5.43%
2 Weeks-2.16%
1 Month-13.31%
3 Month-18.91%
6 Month1.97%
12 Month-6.56%
2 Year-32.26%
3 Year-53.9%
5 Year2.43%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.08
RSI(14)35.73
LBB17.57
UBB19.88
OSL:ELK (5/5/2025, 4:19:50 PM)
18.35
+0.25 (+1.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg1.38%
1 Week-5.43%
2 Weeks-2.16%
1 Month-13.31%
3 Month-18.91%
6 Month1.97%
12 Month-6.56%
2 Year-32.26%
3 Year-53.9%
5 Year2.43%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.88
ATR(20)%5.07%
ATR Inc16.05%
Range Today0.58
ADR(20)0.86
ADR(20)%4.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.78
Mansfield-0.97
10 Day High20
10 Day Low18
20 Day High21.32
20 Day Low17
52 Week High24.16
52 Week Low16.5
CS1 End17.15
CR1 Start18.21
Volume & EV
DER(3)3.46%
DER(5)4.88%
Volume299.07K
Volume Incr46.92%
Vol(5)1.26M
Vol(50)933.65K