NEL ASA (NEL.OL) Stock Technical Analysis
Europe - Euronext Oslo - OSL:NEL - NO0010081235 - Common Stock
We assign a technical rating of 0 out of 10 to NEL. NEL'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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 76% of all other stocks performed better in the past year than NEL.
- 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.
- In the last month NEL has a been trading in the 2.18 - 2.36 range, which is quite wide. It is currently trading near the lows of this range.
- NEL has an average volume of 3091660 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- NEL is part of the Electrical Equipment industry. There are 75 other stocks in this industry, NEL did better than 55% of them.
Although the technical rating is bad, NEL does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
2.03
2 important support areas can be observed.
- Support @2.10 from a trend line in the weekly time frame.
- Support @2.05 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 2.25 to 2.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.50 from a trend line in the weekly time frame.
- A resistance zone ranging from 2.65 to 2.67. 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.
- Resistance @2.88 from a horizontal line in the weekly 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 | 24.68 | NEGATIVE | NEL.OL has a low relative strength, it was outperformed by 75.32% 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) | 40.89 | NEUTRAL | The RSI value for NEL.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests NEL.OL has a negative trend. |
| Stochastics (14,3) | 21.57 | NEUTRAL | The Stochastics value for NEL.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.06 | MEDIUM VOLATILITY | The ATR as a percentage value for NEL.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 14.72 | NEGATIVE | The low ADX value for NEL.OL suggests a weak or negative trend. |
OSL:NEL (1/29/2026, 7:00:00 PM)
2.18
-0.06 (-2.77%)
NEL ASA / NEL.OL FAQ
What is the ChartMill technical rating of NEL ASA (NEL.OL) stock?
ChartMill assigns a technical rating of 0 / 10 to NEL.OL.
Can you provide the trend direction for NEL ASA?
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 40.8901. This indicates that the stock is currently neutral.
What is the buy/sell signal for NEL stock?
The buy/sell signal for NEL ASA (NEL.OL) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for NEL ASA?
NEL ASA (NEL.OL) has a support level at 2.1 and a resistance level at 2.25. Check the full technical report for our detailed analysis of NEL.OL support and resistance levels.