ELOPAK ASA (ELO.OL) Stock Technical Analysis
Europe - OSL:ELO - NO0011002586 - Common Stock
Taking everything into account, ELO scores 0 out of 10 in our technical rating. ELO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
ELO 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. There is a support zone below the current price at 44.89, a Stop Loss order could be placed below this zone.
More info and screens
37.97
We found 3 important support areas.
- A support zone ranging from 43.60 to 44.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @41.55 from a trend line in the weekly time frame.
- Support @38.35 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 46.07 to 46.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @50.31 from a horizontal line 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 ELO.OL is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ELO.OL is down. |
| ChartMill Relative Strength | 32.58 | NEUTRAL | ELO.OL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ELO.OL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ELO.OL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ELO.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.66 | NEUTRAL | The RSI value for ELO.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests ELO.OL has a negative trend. |
| Stochastics (14,3) | 5.84 | OVERSOLD | The low Stochastics value suggests ELO.OL may be oversold. |
| Average True Range in percent/ATR (20) | 3.1 | MEDIUM VOLATILITY | The ATR as a percentage value for ELO.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 13.68 | NEGATIVE | The low ADX value for ELO.OL suggests a weak or negative trend. |
OSL:ELO (11/18/2025, 7:00:00 PM)
45.1
-0.3 (-0.66%)
ELOPAK ASA / ELO.OL FAQ
What is the technical rating for ELO stock?
ChartMill assigns a technical rating of 0 / 10 to ELO.OL.
What is the trend direction for ELO stock?
The current trend direction for ELOPAK ASA (ELO.OL) is Bearish.
What is the RSI signal for ELOPAK ASA (ELO.OL) stock?
ELOPAK ASA (ELO.OL) has an RSI value of 40.6644. This indicates that the stock is currently neutral.
What is the MACD signal for ELO stock?
The MACD indicator for ELOPAK ASA (ELO.OL) has a value of -0.269946, indicating a bearish trend.