NEL ASA (NEL.OL) Technical Analysis
OSL:NEL • NO0010081235
Taking everything into account, NEL scores 0 out of 10 in our technical rating. 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.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 87% 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.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- NEL has an average volume of 3194430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- NEL is an average performer in the Electrical Equipment industry, it outperforms 51% of 73 stocks in the same industry.
- In the last month NEL has a been trading in the 1.92 - 2.22 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, NEL does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.13. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for NEL in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
2.10
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 2.13 to 2.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.22 from a trend line in the daily time frame.
- A resistance zone ranging from 2.31 to 2.32. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @2.44 from a trend line in the weekly time frame.
- Resistance @2.79 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 | NEUTRAL | NEUTRAL | The short term trend for NEL.OL is neutral. |
| ChartMill Relative Strength | 13.31 | NEGATIVE | NEL.OL has a low relative strength, it was outperformed by 86.69% 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) | 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) | 51.35 | 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) | 61.8 | NEUTRAL | The Stochastics value for NEL.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.71 | MEDIUM VOLATILITY | The ATR as a percentage value for NEL.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 26.89 | POSITIVE | The high ADX value value for NEL.OL suggests a strong trend. |
NEL.OL Technicals: Chart, Performance Metrics, Trend & Indicators
OSL:NEL (3/10/2026, 4:19:32 PM)
2.122
+0.1 (+4.74%)
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 51.3469. This indicates that the stock is currently neutral.
What is the support and resistance level for NEL stock?
NEL ASA (NEL.OL) has a resistance level at 2.13. Check the full technical report for our detailed analysis of NEL.OL support and resistance levels.