ELMERA GROUP ASA (ELMRA.OL) Stock Technical Analysis
Europe - Euronext Oslo - OSL:ELMRA - NO0010815673 - Common Stock
We assign a technical rating of 8 out of 10 to ELMRA. Although ELMRA is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although ELMRA has an excellent technical rating, the quality of the presented setup is not ideal 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
30.20
We found 5 important support areas.
- A support zone ranging from 36.42 to 37.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @33.30 from a horizontal line in the daily time frame.
- Support @32.05 from a horizontal line in the daily time frame.
- A support zone ranging from 31.15 to 31.45. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @30.50 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @37.91 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 | UP | POSITIVE | The long term trend for ELMRA.OL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ELMRA.OL is up. |
| ChartMill Relative Strength | 46.99 | NEUTRAL | ELMRA.OL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ELMRA.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ELMRA.OL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ELMRA.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.23 | NEUTRAL | The RSI value for ELMRA.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests ELMRA.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.08 | OVERBOUGHT | The high Stochastics value suggests ELMRA.OL may be overbought. |
| Average True Range in percent/ATR (20) | 1.91 | LOW VOLATILITY | The low ATR as a percentage value for ELMRA.OL suggests low volalility. |
| Average Directional Index/ADX (14) | 34.65 | POSITIVE | The high ADX value value for ELMRA.OL suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 37.92 | 36.41 | 1.51 (3.98%) | 25.00% |
| An entry @37.92. This is a Buy Stop order right above the resistance zone. | An exit @36.41. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.51 points, which is 3.98%. | For a 1.00% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
OSL:ELMRA (12/19/2025, 7:00:00 PM)
37.85
-0.05 (-0.13%)
ELMERA GROUP ASA / ELMRA.OL FAQ
What is the technical rating for ELMRA stock?
ChartMill assigns a technical rating of 8 / 10 to ELMRA.OL.
What is the current trend direction of ELMERA GROUP ASA (ELMRA.OL) stock?
The current trend direction for ELMERA GROUP ASA (ELMRA.OL) is Bullish.
What is the RSI signal for ELMERA GROUP ASA (ELMRA.OL) stock?
ELMERA GROUP ASA (ELMRA.OL) has an RSI value of 68.2265. This indicates that the stock is currently neutral.
What is the MACD signal for ELMERA GROUP ASA (ELMRA.OL) stock?
The MACD indicator for ELMERA GROUP ASA (ELMRA.OL) has a value of 0.0378523, indicating a bearish trend.
What is the buy/sell signal for ELMRA stock?
The buy/sell signal for ELMERA GROUP ASA (ELMRA.OL) is buy as both the short term and long term trends are positive.