ELKEM ASA (ELK.OL) Stock Technical Analysis
OSL:ELK - Oslo Bors ASA - NO0010816093 - Common Stock - Currency: NOK
Taking everything into account, ELK scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ELK is only an average performer.
The long and short term trends are both positive. This is looking good!
ELK is part of the Chemicals industry. There are 60 other stocks in this industry. ELK outperforms 79% of them.
ELK is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ELK is lagging the market slightly.
In the last month ELK has a been trading in the 16.50 - 22.88 range, which is quite wide. It is currently trading near the high of this range.
ELK has an average volume of 1268800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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 65% of all stocks.
ELK has an excellent technical rating, but 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
16.42
23.07
We found 5 important support areas.
- Support @22.32 from a horizontal line in the weekly time frame.
- A support zone ranging from 21.66 to 21.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 20.90 to 21.07. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @17.15 from a horizontal line in the weekly time frame.
- Support @16.59 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 22.80 to 22.84. This zone is formed by a combination of multiple trend lines 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
CRS65.51
Mansfield0.07
10 Day High22.88
10 Day Low16.5
20 Day High22.88
20 Day Low16.5
52 Week High23.5
52 Week Low16.5
Performance
1 Week-2.05%
2 Weeks30.99%
1 Month28.23%
3 Month23.05%
6 Month7.65%
12 Month5.48%
2 Year-43.89%
3 Year-33.92%
5 Year21.89%
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)0.4
RSI(14)66.15
LBB14.92
UBB24.82
ELKEM ASA
OSL:ELK (2/5/2025, 9:26:26 AM)
22.44
+0.5 (+2.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg2.28%
1 Week-2.05%
2 Weeks30.99%
1 Month28.23%
3 Month23.05%
6 Month7.65%
12 Month5.48%
2 Year-43.89%
3 Year-33.92%
5 Year21.89%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.06
ATR(20)%3.96%
ATR Inc52.92%
Range Today0.32
ADR(20)0.75
ADR(20)%3.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS65.51
Mansfield0.07
10 Day High22.88
10 Day Low16.5
20 Day High22.88
20 Day Low16.5
52 Week High23.5
52 Week Low16.5
CS1 End21.93
CR1 Start22.32
Volume & EV
DER(3)0.22%
DER(5)-1.37%
Volume33.98K
Volume Incr-30.37%
Vol(5)1.35M
Vol(50)1.27M