ELOPAK ASA (ELO.OL) Technical Analysis
OSL:ELO • NO0011002586
Current stock price
ELO.OL Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to ELO. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 88% of all other stocks performed better in the past year than ELO.
- ELO is part of the Containers & Packaging industry. There are 11 other stocks in this industry, of which 70% are performing better than ELO.
- ELO is currently trading in the lower part 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.
- In the last month ELO has a been trading in the 34.05 - 53.50 range, which is quite wide. It is currently trading near the lows of this range.
- Volume is considerably higher in the last couple of days.
ELO.OL Weekly and Daily overview Charts
ELO.OL Setup Rating and Analysis
ELO has a poor technical rating and the quality of the setup is also not perfect 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
ELO.OL Support and Resistance Analysis
35.58
When analyzing the support we notice one important area.
- A support zone ranging from 35.94 to 35.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @52.55 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 | 12.92 | NEGATIVE | ELO.OL has a low relative strength, it was outperformed by 87.08% 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) | 22.06 | OVERSOLD | The low RSI value suggests ELO.OL may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.12 | NEGATIVE | The MACD value suggests ELO.OL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.59 | OVERSOLD | The low Stochastics value suggests ELO.OL may be oversold. |
| Average True Range in percent/ATR (20) | 5.42 | HIGH VOLATILITY | The high ATR as a percentage value for ELO.OL suggests high volalility. |
| Average Directional Index/ADX (14) | 41.75 | 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 (4/1/2026, 7:00:00 PM)
36.3
+0.05 (+0.14%)
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 22.0602. This indicates that the stock is currently oversold.
What is the MACD signal for ELOPAK ASA (ELO.OL) stock?
The MACD indicator for ELOPAK ASA (ELO.OL) has a value of -1.12374, indicating a bearish trend.
What is the support and resistance level for ELO stock?
ELOPAK ASA (ELO.OL) has a support level at 35.99 and a resistance level at 52.55. Check the full technical report for our detailed analysis of ELO.OL support and resistance levels.