ELOPAK ASA (ELO.OL) Technical Analysis
OSL:ELO • NO0011002586
Current stock price
ELO.OL Technical Rating and Analysis
Taking everything into account, ELO scores 0 out of 10 in our technical rating. ELO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, ELO is a bad performer in the overall market: 92% of all stocks are doing better.
- ELO is one of the lesser performing stocks in the Containers & Packaging industry. 80% of 11 stocks in the same industry do better.
- ELO is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month ELO has a been trading in the 35.05 - 37.80 range, which is quite wide. It is currently trading near the lows of this range.
- Considerably lower volume is observed in the last couple of days.
ELO.OL Weekly and Daily overview Charts
ELO.OL Setup Rating and Analysis
ELO has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 35.55, a Stop Loss order could be placed below this zone.
More info and screens
ELO.OL Support and Resistance Analysis
34.74
We found 1 important support area.
- A support zone ranging from 35.09 to 35.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 37.30 to 37.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @51.81 from a trend line in the daily time frame.
- Resistance @53.90 from a horizontal line in the daily time frame.
ELO.OL Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for ELO.OL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ELO.OL is down. |
| ChartMill Relative Strength | 8.7 | NEGATIVE | ELO.OL has a low relative strength, it was outperformed by 91.3% off all stocks 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) | DOWN | NEGATIVE | The current price of ELO.OL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 31.12 | NEUTRAL | The RSI value for ELO.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.5 | POSITIVE | The MACD value suggests ELO.OL has a positive trend. |
| Stochastics (14,3) | 12.42 | OVERSOLD | The low Stochastics value suggests ELO.OL may be oversold. |
| Average True Range in percent/ATR (20) | 2.55 | MEDIUM VOLATILITY | The ATR as a percentage value for ELO.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 44.5 | POSITIVE | The high ADX value value for ELO.OL suggests a strong trend. |
ELO.OL Chart- and CandleStick Pattern Analysis
ELO.OL Technicals: Chart, Performance Metrics, Trend & Indicators
OSL:ELO (4/28/2026, 4:18:14 PM)
35.625
+0.17 (+0.49%)
ELOPAK ASA / ELO.OL TA FAQ
What is the technical rating for ELO stock?
ChartMill assigns a technical rating of 0 / 10 to ELO.OL.
Can you provide the trend direction for ELOPAK ASA?
The current trend direction for ELOPAK ASA (ELO.OL) is Bearish.
Can you provide the RSI signal for ELOPAK ASA?
ELOPAK ASA (ELO.OL) has an RSI value of 31.1189. This indicates that the stock is currently neutral.
What is the MACD signal for ELOPAK ASA (ELO.OL) stock?
The MACD indicator for ELOPAK ASA (ELO.OL) has a value of 0.495391, indicating a bearish trend.
What is the support and resistance level for ELO stock?
ELOPAK ASA (ELO.OL) has a support level at 35.55 and a resistance level at 37.3. Check the full technical report for our detailed analysis of ELO.OL support and resistance levels.