ELOPAK ASA (ELO.OL) Stock Technical Analysis
Europe - Euronext Oslo - OSL:ELO - NO0011002586 - Common Stock
Overall ELO gets a technical rating of 7 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.
Besides having an excellent technical rating, ELO 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 resistance zone just above the current price starting at 48.74. Right above this resistance zone may be a good entry point.
More info and screens
37.97
When analyzing the support we can see 5 important areas.
- A support zone ranging from 46.86 to 47.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 45.05 to 46.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 43.60 to 44.09. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @41.96 from a trend line in the weekly time frame.
- Support @38.35 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @49.40 from a trend line in the daily time frame.
- Resistance @50.30 from a horizontal line in the daily time frame.
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 | 52.57 | NEUTRAL | ELO.OL is not amongst the best or worst performers 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) | 54.75 | NEUTRAL | The RSI value for ELO.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ELO.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.82 | NEUTRAL | The Stochastics value for ELO.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.49 | MEDIUM VOLATILITY | The ATR as a percentage value for ELO.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 33.04 | POSITIVE | The high ADX value value for ELO.OL suggests a strong trend. |
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 |
|---|---|---|---|
| 49.41 | 47.99 | 1.42 (2.87%) | 25.00% |
| An entry @49.41. This is a Buy Stop order right above the resistance zone. | An exit @47.99. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.42 points, which is 2.87%. | For a 0.72% 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 (12/11/2025, 11:11:00 AM)
48.85
+0.5 (+1.03%)
ELOPAK ASA / ELO.OL FAQ
What is the technical rating for ELO stock?
ChartMill assigns a technical rating of 7 / 10 to ELO.OL.
What is the trend direction for ELO stock?
The current trend direction for ELOPAK ASA (ELO.OL) is Bullish.
What is the RSI signal for ELOPAK ASA (ELO.OL) stock?
ELOPAK ASA (ELO.OL) has an RSI value of 54.7524. This indicates that the stock is currently neutral.
What is the MACD signal for ELO stock?
The MACD indicator for ELOPAK ASA (ELO.OL) has a value of 0.00333015, indicating a bearish trend.
Can you provide the buy/sell signal for ELOPAK ASA?
The buy/sell signal for ELOPAK ASA (ELO.OL) is buy as both the short term and long term trends are positive.