ELMERA GROUP ASA (ELMRA.OL) Stock Technical Analysis
OSL:ELMRA - Euronext Oslo - NO0010815673 - Common Stock - Currency: NOK
We assign a technical rating of 1 out of 10 to ELMRA. ELMRA has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
ELMRA is part of the Electric Utilities industry. There are 17 other stocks in this industry, of which 81% are performing better than ELMRA.
When comparing the performance of all stocks over the past year, ELMRA turns out to be only a medium performer in the overall market: it outperformed 56% of all stocks.
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.
In the last month ELMRA has a been trading in the 32.10 - 37.10 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
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 33.94. Right above this resistance zone may be a good entry point.
More info and screens
30.19
37.28
We found 4 important support areas.
- Support @33.30 from a horizontal line in the daily time frame.
- Support @32.75 from a trend line in the weekly time frame.
- A support zone ranging from 31.00 to 31.15. 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.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 33.94 to 34.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 36.36 to 36.91. This zone is formed by a combination of multiple trend lines 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 | 56 | NEUTRAL | ELMRA.OL is not amongst the best or worst performers 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) | 39.99 | NEUTRAL | The RSI value for ELMRA.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests ELMRA.OL has a negative trend. |
| Stochastics (14,3) | 37.61 | NEUTRAL | The Stochastics value for ELMRA.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.81 | MEDIUM VOLATILITY | The ATR as a percentage value for ELMRA.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 15.95 | 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 (5/28/2025, 7:00:00 PM)
33.35
-0.15 (-0.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg-0.45%
1 Week-2.49%
2 Weeks-2.34%
1 Month-8.5%
3 Month2.93%
6 Month-15.57%
12 Month3.57%
2 Year51.45%
3 Year39.54%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.15
ATR(20)%3.81%
ATR Inc-11.42%
Range Today0.95
ADR(20)1.14
ADR(20)%3.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56
Mansfield-0.52
10 Day High34.85
10 Day Low33.2
20 Day High37.1
20 Day Low32.1
52 Week High39.95
52 Week Low28.2
CS1 End33.3
CR1 Start33.94
Volume & EV
DER(3)-1.19%
DER(5)-1.32%
Volume55.36K
Volume Incr-41.38%
Vol(5)82.50K
Vol(50)136.11K