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.
Although ELO has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
37.97
We found 6 important support areas.
- A support zone ranging from 50.67 to 51.40. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @46.96 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.
- A support zone ranging from 43.60 to 44.09. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @42.51 from a trend line in the weekly 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 | 65.61 | 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) | 55.05 | NEUTRAL | The RSI value for ELO.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ELO.OL has a negative trend. |
| Stochastics (14,3) | 44.32 | NEUTRAL | The Stochastics value for ELO.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for ELO.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 43.53 | POSITIVE | The high ADX value value for ELO.OL suggests a strong trend. |
OSL:ELO (1/7/2026, 4:18:52 PM)
51.4
-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 55.0472. 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.