ELMERA GROUP ASA (ELMRA.OL) Technical Analysis
OSL:ELMRA • NO0010815673
Overall ELMRA gets a technical rating of 0 out of 10. 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 78% of all other stocks performed better in the past year than ELMRA.
- ELMRA is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month ELMRA has a been trading in the 31.05 - 42.55 range, which is quite wide. It is currently trading near the lows of this range.
- ELMRA is an average performer in the Electric Utilities industry, it outperforms 57% of 27 stocks in the same industry.
ELMRA has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 33.16. Right above this resistance zone may be a good entry point.
More info and screens
30.20
2 important support areas can be observed.
- 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 30.50 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 33.16 to 33.66. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for ELMRA.OL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ELMRA.OL is down. |
| ChartMill Relative Strength | 22.19 | NEGATIVE | ELMRA.OL has a low relative strength, it was outperformed by 77.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ELMRA.OL is below a declining 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) | DOWN | NEGATIVE | The current price of ELMRA.OL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.6 | NEUTRAL | The RSI value for ELMRA.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests ELMRA.OL has a positive trend. |
| Stochastics (14,3) | 65.25 | NEUTRAL | The Stochastics value for ELMRA.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.05 | MEDIUM VOLATILITY | The ATR as a percentage value for ELMRA.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 38.87 | POSITIVE | The high ADX value value for ELMRA.OL suggests a strong trend. |
ELMRA.OL Technicals: Chart, Performance Metrics, Trend & Indicators
OSL:ELMRA (3/10/2026, 7:00:00 PM)
32.95
+0.25 (+0.76%)
ELMERA GROUP ASA / ELMRA.OL FAQ
What is the technical rating for ELMRA stock?
ChartMill assigns a technical rating of 0 / 10 to ELMRA.OL.
What is the trend direction for ELMRA stock?
The current trend direction for ELMERA GROUP ASA (ELMRA.OL) is Bearish.
What is the RSI signal for ELMRA stock?
ELMERA GROUP ASA (ELMRA.OL) has an RSI value of 39.6021. This indicates that the stock is currently neutral.
What is the MACD signal for ELMRA stock?
The MACD indicator for ELMERA GROUP ASA (ELMRA.OL) has a value of 0.172776, indicating a bearish trend.
What are the support and resistance levels for ELMERA GROUP ASA (ELMRA.OL) stock?
ELMERA GROUP ASA (ELMRA.OL) has a support level at 31.3 and a resistance level at 33.16. Check the full technical report for our detailed analysis of ELMRA.OL support and resistance levels.