ELOPAK ASA (ELO.OL) Stock Technical Analysis
OSL:ELO • NO0011002586
Overall ELO gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ELO is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, ELO did better than 70% of all other stocks. We also observe that the gains produced by ELO over the past year are nicely spread over this period.
- ELO is one of the better performing stocks in the Containers & Packaging industry, it outperforms 90% of 11 stocks in the same industry.
- ELO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ELO is lagging the market slightly.
- In the last month ELO has a been trading in the 47.70 - 54.30 range, which is quite wide. It is currently trading near the high of this range.
ELO has an excellent technical rating and also presents 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 53.90. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 51.55, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
37.97
We found 5 important support areas.
- A support zone ranging from 50.47 to 51.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 47.99 to 49.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @46.45 from a trend line in the daily time frame.
- Support @45.05 from a horizontal line in the daily time frame.
- Support @38.35 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 53.90 to 53.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 55.50 to 55.51. 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 | UP | POSITIVE | The long term trend for ELO.OL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ELO.OL is up. |
| ChartMill Relative Strength | 70.19 | POSITIVE | ELO.OL has a high relative strength, it outperformed 70.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ELO.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ELO.OL is above the rising 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) | 59.47 | NEUTRAL | The RSI value for ELO.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests ELO.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.78 | OVERBOUGHT | The high Stochastics value suggests ELO.OL may be overbought. |
| Average True Range in percent/ATR (20) | 2.4 | MEDIUM VOLATILITY | The ATR as a percentage value for ELO.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 20.71 | NEUTRAL | The ADX value for ELO.OL suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 53.92 | 50.99 | 2.93 (5.43%) | 18.40% |
| An entry @53.92. This is a Buy Stop order right above the resistance zone. | An exit @50.99. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.93 points, which is 5.43%. | For a 1.00% total portfolio risk, you can invest 18.40% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
OSL:ELO (2/27/2026, 7:00:00 PM)
53.7
+0.7 (+1.32%)
ELOPAK ASA / ELO.OL FAQ
What is the technical rating for ELO stock?
ChartMill assigns a technical rating of 10 / 10 to ELO.OL.
Can you provide the trend direction for ELOPAK ASA?
The current trend direction for ELOPAK ASA (ELO.OL) is Bullish.
What is the RSI signal for ELOPAK ASA (ELO.OL) stock?
ELOPAK ASA (ELO.OL) has an RSI value of 59.4682. This indicates that the stock is currently neutral.
What is the short term momentum for ELO stock?
The short term momentum for ELOPAK ASA (ELO.OL) is positive.
Can you provide the buy/sell signal for ELOPAK ASA?
The buy/sell signal for ELOPAK ASA (ELO.OL) is buy as both the short term and long term trends are positive.