NEL ASA (NEL.OL) Stock Technical Analysis
OSL:NEL - NO0010081235 - Common Stock
2.222 NOK
-0.01 (-0.45%)
We assign a technical rating of 0 out of 10 to NEL. NEL 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.
95% of all other stocks performed better in the past year than NEL.
NEL is part of the Electrical Equipment industry. There are 58 other stocks in this industry, of which 66% are performing better than NEL.
NEL 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 NEL has a been trading in the 2.22 - 2.54 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
NEL has an average volume of 3305740 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, NEL does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
2.20
3.24
We can see 4 important resistance areas.
- A resistance zone ranging from 2.34 to 2.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.49 from a horizontal line in the daily time frame.
- Resistance @2.74 from a trend line in the daily time frame.
- Resistance @3.21 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 | DOWN | NEGATIVE | The long term trend for NEL.OL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NEL.OL is down. |
| ChartMill Relative Strength | 5.09 | NEGATIVE | NEL.OL has a low relative strength, it was outperformed by 94.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NEL.OL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NEL.OL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NEL.OL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 31.19 | NEUTRAL | The RSI value for NEL.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests NEL.OL has a negative trend. |
| Stochastics (14,3) | 9.71 | OVERSOLD | The low Stochastics value suggests NEL.OL may be oversold. |
| Average True Range in percent/ATR (20) | 3.69 | MEDIUM VOLATILITY | The ATR as a percentage value for NEL.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 22.88 | NEUTRAL | The ADX value for NEL.OL suggests a possible start of a new 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:NEL (9/4/2025, 4:19:51 PM)
2.222
-0.01 (-0.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-0.45%
1 Week-8.07%
2 Weeks-9.27%
1 Month-8.3%
3 Month-6.45%
6 Month12.9%
12 Month-57.26%
2 Year-73.41%
3 Year-81.55%
5 Year-86.84%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%3.69%
ATR Inc-2.49%
Range Today0.05
ADR(20)0.08
ADR(20)%3.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.09
Mansfield-2.92
10 Day High2.49
10 Day Low2.22
20 Day High2.54
20 Day Low2.22
52 Week High5.7
52 Week Low1.95
CS1 EndN/A
CR1 Start2.34
Volume & EV
DER(3)1.13%
DER(5)1.44%
Volume1.76M
Volume Incr33.59%
Vol(5)3.32M
Vol(50)3.31M