ELOPAK ASA (ELO.OL) Stock Technical Analysis
OSL:ELO - Euronext Oslo - NO0011002586 - Common Stock - Currency: NOK
Taking everything into account, ELO scores 10 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.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that ELO is one of the better performing stocks in the market, outperforming 84% of all stocks.
ELO is part of the Containers & Packaging industry. There are 13 other stocks in this industry. ELO outperforms 100% of them.
ELO is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ELO is performing more or less in line with the market.
In the last month ELO has a been trading in the 41.25 - 46.45 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ELO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 44.39, a Stop Loss order could be placed below this zone.
More info and screens
37.03
46.92
5 important support areas can be observed.
- A support zone ranging from 42.43 to 43.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @41.69 from a horizontal line in the daily time frame.
- Support @39.31 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.
We can see 2 important resistance areas.
- A resistance zone ranging from 44.14 to 45.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 46.20 to 46.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 84.14 | POSITIVE | ELO.OL has a high relative strength, it outperformed 84.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ELO.OL is below 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) | 53.23 | NEUTRAL | The RSI value for ELO.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests ELO.OL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 45.18 | NEUTRAL | The Stochastics value for ELO.OL is a neutral value. |
| 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) | 14.92 | 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)
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 |
|---|---|---|---|
| 45.21 | 44.13 | 1.08 (2.39%) | 25.00% |
| An entry @45.21. This is a Buy Stop order right above the resistance zone. | An exit @44.13. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.08 points, which is 2.39%. | For a 0.60% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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 (6/23/2025, 4:19:50 PM)
43.85
-0.55 (-1.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg-1.24%
1 Week-2.42%
2 Weeks-2.74%
1 Month4.96%
3 Month13.85%
6 Month1.6%
12 Month27.04%
2 Year90.15%
3 Year173.74%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.3
ATR(20)%3.1%
ATR Inc-15.64%
Range Today0.58
ADR(20)1.31
ADR(20)%2.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.14
Mansfield0.24
10 Day High46.45
10 Day Low42.9
20 Day High46.45
20 Day Low41.25
52 Week High47.9
52 Week Low34.55
CS1 End44.39
CR1 Start44.65
Volume & EV
DER(3)-2.39%
DER(5)-1.63%
Volume5.25K
Volume Incr-18.18%
Vol(5)97.80K
Vol(50)117.42K