NEL ASA (NEL.OL) Stock Technical Analysis
Europe - OSL:NEL - NO0010081235 - Common Stock
Taking everything into account, NEL scores 3 out of 10 in our technical rating. NEL performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
The technical rating of NEL is bad and it also does not present a quality setup 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
2.06
We found 2 important support areas.
- Support @2.21 from a horizontal line in the weekly time frame.
- Support @2.08 from a trend line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 2.62 to 2.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 2.72 to 2.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 2.79 to 2.81. 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 | NEUTRAL | NEUTRAL | The long term trend for NEL.OL is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NEL.OL is neutral. |
| ChartMill Relative Strength | 14.26 | NEGATIVE | NEL.OL has a low relative strength, it was outperformed by 85.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NEL.OL is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NEL.OL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NEL.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.16 | NEUTRAL | The RSI value for NEL.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests NEL.OL has a positive trend. |
| Stochastics (14,3) | 57.79 | NEUTRAL | The Stochastics value for NEL.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 6.13 | HIGH VOLATILITY | The high ATR as a percentage value for NEL.OL suggests high volalility. |
| Average Directional Index/ADX (14) | 19.76 | NEGATIVE | The low ADX value for NEL.OL suggests a weak or negative trend. |
OSL:NEL (11/7/2025, 7:00:00 PM)
2.48
-0.14 (-5.49%)
NEL ASA / NEL.OL FAQ
What is the ChartMill technical rating of NEL ASA (NEL.OL) stock?
ChartMill assigns a technical rating of 3 / 10 to NEL.OL.
What is the current trend direction of NEL ASA (NEL.OL) stock?
The current trend direction for NEL ASA (NEL.OL) is Bearish.
What is the RSI signal for NEL ASA (NEL.OL) stock?
NEL ASA (NEL.OL) has an RSI value of 55.1579. This indicates that the stock is currently neutral.
What is the short term momentum for NEL ASA (NEL.OL) stock?
The short term momentum for NEL ASA (NEL.OL) is neutral.
What are the support and resistance levels for NEL ASA (NEL.OL) stock?
NEL ASA (NEL.OL) has a support level at 2.21 and a resistance level at 2.62. Check the full technical report for our detailed analysis of NEL.OL support and resistance levels.