NEL ASA (NEL.OL) Stock Technical Analysis
OSL:NEL - Euronext Oslo - NO0010081235 - Common Stock - Currency: NOK
Overall NEL gets a technical rating of 6 out of 10. NEL has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
When comparing the yearly performance of all stocks, NEL is a bad performer in the overall market: 91% of all stocks are doing better.
NEL is one of the lesser performing stocks in the Electrical Equipment industry. 64% of 54 stocks in the same industry do better.
NEL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
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 5467630 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month NEL has a been trading in the 2.34 - 2.94 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NEL has an average technical rating and also the quality of the setup is only medium 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
2.16
3.24
When analyzing the support we can see 3 important areas.
- A support zone ranging from 2.61 to 2.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.30 to 2.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.18 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @2.80 from a horizontal line in the weekly time frame.
- Resistance @2.86 from a trend line in the daily time frame.
- Resistance @2.93 from a horizontal 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 | 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 | 9.08 | NEGATIVE | NEL.OL has a low relative strength, it was outperformed by 90.92% off all stocks 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) | 54.49 | 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) | 38.92 | NEUTRAL | The Stochastics value for NEL.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.98 | MEDIUM VOLATILITY | The ATR as a percentage value for NEL.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 27.51 | POSITIVE | The high ADX value value for NEL.OL suggests a strong 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)
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 |
|---|---|---|---|
| 2.81 | 2.60 | 0.21 (7.47%) | 13.38% |
| An entry @2.81. This is a Buy Stop order right above the resistance zone. | An exit @2.60. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.21 points, which is 7.47%. | When investing 13.38% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of NEL. 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:NEL (7/21/2025, 4:19:41 PM)
2.704
+0.02 (+0.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg0.75%
1 Week-4.21%
2 Weeks-2.4%
1 Month10%
3 Month17.51%
6 Month19.24%
12 Month-54.24%
2 Year-80.52%
3 Year-83.76%
5 Year-85.62%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%4.98%
ATR Inc12.44%
Range Today0.12
ADR(20)0.13
ADR(20)%4.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.08
Mansfield-2.57
10 Day High2.94
10 Day Low2.49
20 Day High2.94
20 Day Low2.34
52 Week High6.38
52 Week Low1.95
CS1 End2.67
CR1 Start2.8
Volume & EV
DER(3)-2.23%
DER(5)-1%
Volume634.87K
Volume Incr10.33%
Vol(5)4.82M
Vol(50)5.47M