NEL ASA (NEL.OL) Technical Analysis

Q: What is the ChartMill technical rating of NEL ASA (NEL.OL) stock?

ChartMill assigns a technical rating of 7 / 10 to NEL.OL.

Q: Can you provide the trend direction for NEL ASA?

The current trend direction for NEL ASA (NEL.OL) is Bearish.

Q: Can you provide the RSI signal for NEL ASA?

NEL ASA (NEL.OL) has an RSI value of 66.8676. This indicates that the stock is currently neutral.

Q: What is the short term momentum for NEL ASA (NEL.OL) stock?

The short term momentum for NEL ASA (NEL.OL) is positive.

OSL:NEL • NO0010081235

2.195 NOK

-0.33 (-12.9%)

Last: Apr 22, 2026, 04:17 PM

NEL.OL Technical Rating and Analysis

We assign a technical rating of 6 out of 10 to NEL. NEL has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
NEL has an average volume of 5175500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, NEL turns out to be only a medium performer in the overall market: it outperformed 45% of all stocks.
NEL is part of the Electrical Equipment industry. There are 75 other stocks in this industry, NEL did better than 62% of them.
NEL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NEL is lagging the market.
In the last month NEL has a been trading in the 2.06 - 2.60 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

More info and screens

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NEL.OL Weekly and Daily overview Charts

NEL.OL Setup Rating and Analysis

NEL has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

More info and screens

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NEL.OL Support and Resistance Analysis

2.03

2.82

We found 2 important support areas.

A support zone ranging from 2.14 to 2.19. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @2.05 from a horizontal line in the weekly time frame.

We can see 3 important resistance areas.

Resistance @2.30 from a horizontal line in the daily time frame.
A resistance zone ranging from 2.51 to 2.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @2.79 from a horizontal line in the daily time frame.

More info and screens

What is Support and Resistance Support and Resistance indicators Support and Resistance Screener and Trading Strategies

NEL.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	NEUTRAL	NEUTRAL	The long term trend for NEL.OL is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for NEL.OL is up.
ChartMill Relative Strength	45.66	NEUTRAL	NEL.OL is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of NEL.OL is above the rising 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)	DOWN	NEGATIVE	The current price of NEL.OL is below a declining SMA(200).
Relative Strength Index/RSI (14)	66.87	NEUTRAL	The RSI value for NEL.OL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.04	POSITIVE	The MACD value suggests NEL.OL has a positive trend.
Stochastics (14,3)	82.13	OVERBOUGHT	The high Stochastics value suggests NEL.OL may be overbought.
Average True Range in percent/ATR (20)	4.53	MEDIUM VOLATILITY	The ATR as a percentage value for NEL.OL suggests some volalility.
Average Directional Index/ADX (14)	23.4	NEUTRAL	The ADX value for NEL.OL suggests a possible start of a new trend.

NEL.OL Chart- and CandleStick Pattern Analysis

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)

More info

Bullish Engulfing Bearish Engulfing Bullish Harami Bullish Hammer Gravestone Doji Dragonfly Doji Shooting Star Dark Cloud Cover Bull Flags Ascending Triangle Descending Triangle Symmetrical Triangle Rising Wedge Falling Wedge Double Bottom Ascending Channel Descending Channel Double Top Squeeze Plays

NEL.OL Technicals: Chart, Performance Metrics, Trend & Indicators

NEL ASA

OSL:NEL (4/22/2026, 4:17:42 PM)

2.195

-0.33 (-12.9%)

Chartmill TA Rating

Chartmill Setup Rating

Sector

GICS SectorIndustrials

GICS IndustryElectrical Equipment

Performance

% Chg-12.9%

1 Week16.13%

2 Weeks20.29%

1 Month11.5%

3 Month9.57%

6 Month7.51%

12 Month3.7%

2 Year-51.96%

3 Year-82.75%

5 Year-89.58%

10 YearN/A

15 YearN/A

Volatility

ATR(14)0.12

ATR(20)%4.53%

ATR Inc32.67%

Range Today0.28

ADR(20)0.11

ADR(20)%4.9%

Trend & SMA

ST Trend

LT Trend

SMA(5)

SMA(10)

SMA(20)

SMA(50)

SMA(100)

SMA(200)

Relative Strength & Ranges

CRS45.66

3 months CRS74.95

6 months CRS52.72

Mansfield-0.05

10 Day High2.6

10 Day Low2.07

20 Day High2.6

20 Day Low2.06

52 Week High2.94

52 Week Low1.92

CS1 End2.3

CR1 Start2.53

Volume & EV

DER(3)0.01%

DER(5)-0.56%

Volume1.52M

Volume Incr3.59%

Vol(5)6.80M

Vol(50)5.18M

NEL ASA / NEL.OL TA FAQ

What is the ChartMill technical rating of NEL ASA (NEL.OL) stock?

ChartMill assigns a technical rating of 7 / 10 to NEL.OL.

Can you provide the trend direction for NEL ASA?

The current trend direction for NEL ASA (NEL.OL) is Bearish.

Can you provide the RSI signal for NEL ASA?

NEL ASA (NEL.OL) has an RSI value of 66.8676. 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 positive.