ELOPAK ASA (ELO.OL) Stock Technical Analysis
OSL:ELO - Euronext Oslo - NO0011002586 - Common Stock - Currency: NOK
Taking everything into account, ELO scores 9 out of 10 in our technical rating. 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 78% of all other stocks.
ELO is one of the better performing stocks in the Containers & Packaging industry, it outperforms 91% of 13 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 46.80 - 53.20 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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
37.03
50.70
When analyzing the support we can see 6 important areas.
- A support zone ranging from 49.15 to 49.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @43.59 from a horizontal line in the daily time frame.
- Support @40.57 from a trend line in the weekly time frame.
- Support @39.38 from a trend line in the weekly time frame.
- Support @38.35 from a horizontal line in the weekly time frame.
- Support @37.40 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 | 78.93 | POSITIVE | ELO.OL has a high relative strength, it outperformed 78.93% 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) | 55.28 | NEUTRAL | The RSI value for ELO.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests ELO.OL has a negative trend. |
| Stochastics (14,3) | 55.51 | NEUTRAL | The Stochastics value for ELO.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.27 | MEDIUM VOLATILITY | The ATR as a percentage value for ELO.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 17.34 | NEGATIVE | The low ADX value for ELO.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:ELO (7/31/2025, 4:14:01 PM)
50.2
+0.5 (+1.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg1.01%
1 Week-5.15%
2 Weeks1.64%
1 Month4.08%
3 Month15.31%
6 Month20.48%
12 Month27.93%
2 Year124.38%
3 Year170.7%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.19
ATR(20)%2.27%
ATR Inc8.36%
Range Today1.52
ADR(20)1.13
ADR(20)%2.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.93
Mansfield0.6
10 Day High53.2
10 Day Low47.9
20 Day High53.2
20 Day Low46.8
52 Week High53.2
52 Week Low34.55
CS1 End49.52
CR1 StartN/A
Volume & EV
DER(3)-2.26%
DER(5)-3.13%
Volume65.02K
Volume Incr-7.3%
Vol(5)85.04K
Vol(50)103.84K