ELOPAK ASA (ELO.OL) Stock Technical Analysis
OSL:ELO - Euronext Oslo - NO0011002586 - Common Stock - Currency: NOK
Overall ELO gets a technical rating of 6 out of 10. ELO has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
ELO is one of the better performing stocks in the Containers & Packaging industry, it outperforms 100% of 14 stocks in the same industry.
Looking at the yearly performance, ELO did better than 76% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
ELO is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ELO is lagging the market slightly.
In the last month ELO has a been trading in the 41.25 - 46.25 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 average technical rating and the quality of the presented setup is also not ideal 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
36.82
46.92
When analyzing the support we can see 4 important areas.
- A support zone ranging from 42.75 to 43.56. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 41.69 to 41.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 38.35 to 38.67. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 37.19 to 37.40. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @45.20 from a horizontal line in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The short term trend for ELO.OL is neutral. |
| ChartMill Relative Strength | 76.96 | POSITIVE | ELO.OL has a high relative strength, it outperformed 76.96% 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) | 55.42 | NEUTRAL | The RSI value for ELO.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests ELO.OL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.33 | NEUTRAL | The Stochastics value for ELO.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.28 | MEDIUM VOLATILITY | The ATR as a percentage value for ELO.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 16.87 | 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 | 42.74 | 2.47 (5.46%) | 18.30% |
| An entry @45.21. This is a Buy Stop order right above the resistance zone. | An exit @42.74. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.47 points, which is 5.46%. | When investing 18.30% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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 (5/30/2025, 7:00:00 PM)
44.7
+2.25 (+5.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg5.3%
1 Week3.96%
2 Weeks0.35%
1 Month2.36%
3 Month7.04%
6 Month-1.37%
12 Month20.58%
2 Year77.66%
3 Year158.96%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.34
ATR(20)%3.28%
ATR Inc-0.26%
Range Today2.6
ADR(20)1.37
ADR(20)%3.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.96
Mansfield0.16
10 Day High44.5
10 Day Low41.25
20 Day High46.25
20 Day Low41.25
52 Week High47.9
52 Week Low34.5
CS1 End43.56
CR1 Start45.2
Volume & EV
DER(3)5.02%
DER(5)1.91%
Volume613.15K
Volume Incr8.34%
Vol(5)98.08K
Vol(50)112.66K