ELKEM ASA (ELK.OL) Stock Technical Analysis
OSL:ELK - Euronext Oslo - NO0010816093 - Common Stock - Currency: NOK
Overall ELK gets a technical rating of 1 out of 10. ELK has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the performance of all stocks over the past year, ELK turns out to be only a medium performer in the overall market: it outperformed 46% of all stocks.
ELK is part of the Chemicals industry. There are 61 other stocks in this industry, ELK did better than 56% of them.
ELK is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
In the last month ELK has a been trading in the 17.00 - 22.58 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, ELK does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for ELK 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
16.41
23.88
3 important support areas can be observed.
- Support @18.11 from a trend line in the daily time frame.
- Support @17.15 from a horizontal line in the weekly time frame.
- A support zone ranging from 16.58 to 16.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 19.25 to 19.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 23.52 to 23.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.65
Mansfield-0.15
10 Day High20.3
10 Day Low17.62
20 Day High22.58
20 Day Low17
52 Week High24.16
52 Week Low16.5
Performance
1 Week1.26%
2 Weeks3.33%
1 Month-12.39%
3 Month-1.64%
6 Month2.29%
12 Month-3.41%
2 Year-46.56%
3 Year-51.22%
5 Year11.93%
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)0.1
RSI(14)42.94
LBB17.81
UBB19.63
OSL:ELK (4/25/2025, 7:00:00 PM)
19.24
+0.1 (+0.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg0.52%
1 Week1.26%
2 Weeks3.33%
1 Month-12.39%
3 Month-1.64%
6 Month2.29%
12 Month-3.41%
2 Year-46.56%
3 Year-51.22%
5 Year11.93%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1
ATR(20)%4.62%
ATR Inc-47.96%
Range Today0.4
ADR(20)0.83
ADR(20)%4.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.65
Mansfield-0.15
10 Day High20.3
10 Day Low17.62
20 Day High22.58
20 Day Low17
52 Week High24.16
52 Week Low16.5
CS1 End18.11
CR1 Start19.25
Volume & EV
DER(3)8.02%
DER(5)8.04%
Volume501.54K
Volume Incr-42.95%
Vol(5)613.29K
Vol(50)970.15K