ELOPAK ASA (ELO.OL) Stock Technical Analysis
Europe - Euronext Oslo - OSL:ELO - NO0011002586 - Common Stock
We assign a technical rating of 8 out of 10 to ELO. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ELO is only an average performer.
Besides having an excellent technical rating, ELO also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
More info and screens
37.97
5 important support areas can be observed.
- A support zone ranging from 51.09 to 51.80. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @47.08 from a trend line in the daily time frame.
- A support zone ranging from 45.05 to 45.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @43.60 from a horizontal line in the daily time frame.
- Support @38.35 from a horizontal line in the weekly 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 | 68.64 | NEUTRAL | ELO.OL is not amongst the best or worst performers 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) | 59.3 | NEUTRAL | The RSI value for ELO.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests ELO.OL has a negative trend. |
| Stochastics (14,3) | 46.5 | NEUTRAL | The Stochastics value for ELO.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.82 | MEDIUM VOLATILITY | The ATR as a percentage value for ELO.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 44.16 | POSITIVE | The high ADX value value for ELO.OL suggests a strong 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 |
|---|---|---|---|
| 52.70 | 51.08 | 1.62 (3.07%) | 25.00% |
| An entry @52.70. This is a Buy Stop order right above the 10 day moving average. | An exit @51.08. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.62 points, which is 3.07%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.77%. |
- The distance between exit and entry is rather small compared to the average daily movement of ELO. Please evaluate whether better entry and exit points can be found.
- 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 (1/9/2026, 7:00:00 PM)
52.4
+0.4 (+0.77%)
ELOPAK ASA / ELO.OL FAQ
What is the technical rating for ELO stock?
ChartMill assigns a technical rating of 8 / 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 59.3022. 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.