ELOPAK ASA (ELO.OL) Stock Technical Analysis
Europe - OSL:ELO - NO0011002586 - Common Stock
45.65 NOK
+0.6 (+1.33%)
Taking everything into account, ELO scores 1 out of 10 in our technical rating. ELO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, ELO is a bad performer in the overall market: 65% of all stocks are doing better.
ELO is part of the Containers & Packaging industry. There are 14 other stocks in this industry. ELO outperforms 92% of them.
In the last month ELO has a been trading in the 44.20 - 48.20 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
ELO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ELO is lagging the market.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, ELO does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 45.64, a Stop Loss order could be placed below this zone.
More info and screens
37.97
47.13
3 important support areas can be observed.
- A support zone ranging from 45.04 to 45.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @40.47 from a trend line in the weekly time frame.
- Support @38.35 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 46.06 to 46.66. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for ELO.OL is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ELO.OL is neutral. |
| ChartMill Relative Strength | 35.7 | NEUTRAL | ELO.OL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ELO.OL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ELO.OL is below a declining 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) | 42.91 | NEUTRAL | The RSI value for ELO.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ELO.OL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 37.67 | NEUTRAL | The Stochastics value for ELO.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.62 | MEDIUM VOLATILITY | The ATR as a percentage value for ELO.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 28.07 | POSITIVE | The high ADX value value for ELO.OL suggests a strong 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 (9/23/2025, 7:00:00 PM)
45.65
+0.6 (+1.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg1.33%
1 Week-2.35%
2 Weeks-0.98%
1 Month-3.79%
3 Month-3.18%
6 Month16.31%
12 Month3.75%
2 Year109.89%
3 Year133.38%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.15
ATR(20)%2.62%
ATR Inc18.4%
Range Today1.55
ADR(20)1.16
ADR(20)%2.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS35.7
Mansfield-0.64
10 Day High47.55
10 Day Low44.2
20 Day High48.2
20 Day Low44.2
52 Week High53.2
52 Week Low34.55
CS1 End45.64
CR1 Start46.06
Volume & EV
DER(3)-2.06%
DER(5)-4.74%
Volume95.72K
Volume Incr226.99%
Vol(5)276.87K
Vol(50)121.93K