ELLIPTIC LABORATORIES ASA (ELABS.OL) Stock Technical Analysis
OSL:ELABS - Euronext Oslo - NO0010722283 - Common Stock - Currency: NOK
Overall ELABS gets a technical rating of 0 out of 10. ELABS'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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
91% of all other stocks performed better in the past year than ELABS.
ELABS is one of the lesser performing stocks in the Software industry. 73% of 94 stocks in the same industry do better.
ELABS is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
In the last month ELABS has a been trading in the 8.33 - 10.04 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, ELABS does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 9.60. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.31, a Stop Loss order could be placed below this zone.
More info and screens
8.91
10.31
We found 1 important support area.
- A support zone ranging from 9.00 to 9.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 9.60 to 9.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @9.99 from a trend line in the daily time frame.
- Resistance @10.21 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.9
Mansfield-1.64
10 Day High9.71
10 Day Low8.66
20 Day High10.04
20 Day Low8.33
52 Week High16.8
52 Week Low8.33
Performance
1 Week-0.85%
2 Weeks1.08%
1 Month-1.48%
3 Month-16.49%
6 Month-17.52%
12 Month-41.6%
2 Year-20.48%
3 Year-53.63%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.03
RSI(14)48.36
LBB8.81
UBB9.69
OSL:ELABS (4/25/2025, 7:00:00 PM)
9.32
+0.16 (+1.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg1.75%
1 Week-0.85%
2 Weeks1.08%
1 Month-1.48%
3 Month-16.49%
6 Month-17.52%
12 Month-41.6%
2 Year-20.48%
3 Year-53.63%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.53
ATR(20)%5.27%
ATR Inc-31.46%
Range Today0.32
ADR(20)0.44
ADR(20)%4.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.9
Mansfield-1.64
10 Day High9.71
10 Day Low8.66
20 Day High10.04
20 Day Low8.33
52 Week High16.8
52 Week Low8.33
CS1 End9.31
CR1 Start9.6
Volume & EV
DER(3)1.24%
DER(5)0.74%
Volume8.93K
Volume Incr-61.45%
Vol(5)53.44K
Vol(50)172.39K