ELMERA GROUP ASA (ELMRA.OL) Stock Technical Analysis
OSL:ELMRA - Euronext Oslo - NO0010815673 - Common Stock - Currency: NOK
We assign a technical rating of 3 out of 10 to ELMRA. ELMRA 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.
ELMRA is one of the lesser performing stocks in the Electric Utilities industry. 75% of 17 stocks in the same industry do better.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When compared to the yearly performance of all other stocks, ELMRA outperforms 43% of them, which is more or less in line with the market.
ELMRA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ELMRA is lagging the market.
In the last month ELMRA has a been trading in the 33.20 - 36.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ELMRA has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 34.13. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 34.05, a Stop Loss order could be placed below this zone.
More info and screens
30.19
37.28
When analyzing the support we can see 4 important areas.
- A support zone ranging from 33.98 to 34.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 33.30 to 33.30. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 31.15 to 31.27. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 30.49 to 30.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 35.07 to 35.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 36.70 to 36.91. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for ELMRA.OL is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ELMRA.OL is neutral. |
| ChartMill Relative Strength | 43.02 | NEUTRAL | ELMRA.OL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ELMRA.OL is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ELMRA.OL is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ELMRA.OL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.64 | NEUTRAL | The RSI value for ELMRA.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests ELMRA.OL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.62 | NEUTRAL | The Stochastics value for ELMRA.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.51 | MEDIUM VOLATILITY | The ATR as a percentage value for ELMRA.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 16.52 | NEGATIVE | The low ADX value for ELMRA.OL suggests a weak or negative 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:ELMRA (8/4/2025, 3:34:52 PM)
34.5
+0.4 (+1.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg1.17%
1 Week-1.45%
2 Weeks1.19%
1 Month-4.48%
3 Month1.04%
6 Month11.8%
12 Month5.08%
2 Year54.58%
3 Year71.53%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.77
ATR(20)%2.51%
ATR Inc-22.86%
Range Today0.58
ADR(20)0.85
ADR(20)%2.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS43.02
Mansfield-0.83
10 Day High34.75
10 Day Low33.2
20 Day High36.25
20 Day Low33.2
52 Week High39.95
52 Week Low28.2
CS1 End34.05
CR1 Start34.13
Volume & EV
DER(3)-1.26%
DER(5)-1.72%
Volume10.68K
Volume Incr-1.15%
Vol(5)59.46K
Vol(50)75.76K