ELMERA GROUP ASA (ELMRA.OL) Technical Analysis
OSL:ELMRA • NO0010815673
Current stock price
ELMRA.OL Technical Rating and Analysis
Taking everything into account, ELMRA scores 2 out of 10 in our technical rating. ELMRA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- 73% of all other stocks performed better in the past year than ELMRA.
- In the last month ELMRA has a been trading in the 32.35 - 36.40 range, which is quite wide. It is currently trading near the high of this range.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- ELMRA is an average performer in the Electric Utilities industry, it outperforms 53% of 27 stocks in the same industry.
- ELMRA is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ELMRA is lagging the market slightly.
- Considerably lower volume is observed in the last couple of days.
ELMRA.OL Weekly and Daily overview Charts
ELMRA.OL Setup Rating and Analysis
Although the technical rating is bad, ELMRA does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 34.42, a Stop Loss order could be placed below this zone.
More info and screens
ELMRA.OL Support and Resistance Analysis
30.19
We found 5 important support areas.
- A support zone ranging from 35.06 to 35.19. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- A support zone ranging from 34.20 to 34.42. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @32.05 from a horizontal line in the daily time frame.
- A support zone ranging from 31.14 to 31.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 30.49 to 30.50. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 35.59 to 36.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
ELMRA.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 | 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 | 27.89 | NEGATIVE | ELMRA.OL has a low relative strength, it was outperformed by 72.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ELMRA.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ELMRA.OL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ELMRA.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.91 | NEUTRAL | The RSI value for ELMRA.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests ELMRA.OL has a positive trend. |
| Stochastics (14,3) | 53.34 | NEUTRAL | The Stochastics value for ELMRA.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.89 | MEDIUM VOLATILITY | The ATR as a percentage value for ELMRA.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 18.84 | NEGATIVE | The low ADX value for ELMRA.OL suggests a weak or negative trend. |
ELMRA.OL Chart- and CandleStick Pattern Analysis
ELMRA.OL Technicals: Chart, Performance Metrics, Trend & Indicators
OSL:ELMRA (4/7/2026, 4:19:52 PM)
35.2
+0.15 (+0.43%)
ELMERA GROUP ASA / ELMRA.OL TA FAQ
What is the technical rating for ELMRA stock?
ChartMill assigns a technical rating of 2 / 10 to ELMRA.OL.
Can you provide the trend direction for ELMERA GROUP ASA?
The current trend direction for ELMERA GROUP ASA (ELMRA.OL) is Bearish.
Can you provide the RSI signal for ELMERA GROUP ASA?
ELMERA GROUP ASA (ELMRA.OL) has an RSI value of 53.9065. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for ELMERA GROUP ASA?
ELMERA GROUP ASA (ELMRA.OL) has a support level at 34.42 and a resistance level at 35.06. Check the full technical report for our detailed analysis of ELMRA.OL support and resistance levels.