ELOPAK ASA (ELO.OL) Stock Technical Analysis
Europe - OSL:ELO - NO0011002586 - Common Stock
45.55 NOK
-0.05 (-0.11%)
We assign a technical rating of 2 out of 10 to ELO. 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.
78% of all other stocks performed better in the past year than ELO.
ELO is part of the Containers & Packaging industry. There are 15 other stocks in this industry. ELO outperforms 85% of them.
In the last month ELO has a been trading in the 44.10 - 47.30 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.
Although the technical rating is bad, ELO does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 45.45, a Stop Loss order could be placed below this zone.
More info and screens
37.97
47.57
3 important support areas can be observed.
- A support zone ranging from 43.60 to 45.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @41.01 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.
- Resistance @47.10 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 | 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 | 22.49 | NEGATIVE | ELO.OL has a low relative strength, it was outperformed by 77.51% 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) | 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) | 49.77 | NEUTRAL | The RSI value for ELO.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests ELO.OL has a positive trend. |
| Stochastics (14,3) | 51.1 | NEUTRAL | The Stochastics value for ELO.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.64 | MEDIUM VOLATILITY | The ATR as a percentage value for ELO.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 12.7 | 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)
OSL:ELO (10/24/2025, 10:43:08 AM)
45.55
-0.05 (-0.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg-0.11%
1 Week1.67%
2 Weeks3.4%
1 Month1%
3 Month-11.46%
6 Month10.28%
12 Month-1.3%
2 Year100%
3 Year94.46%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.27
ATR(20)%2.64%
ATR Inc-32.51%
Range Today0.52
ADR(20)1.18
ADR(20)%2.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.49
3 months CRS12.87
6 months CRS52.37
Mansfield-0.68
10 Day High46.95
10 Day Low44.1
20 Day High47.3
20 Day Low44.1
52 Week High53.2
52 Week Low34.55
CS1 End45.45
CR1 Start47.1
Volume & EV
DER(3)-3.33%
DER(5)-2.77%
Volume6.76K
Volume Incr-1.71%
Vol(5)138.18K
Vol(50)119.05K