ELMERA GROUP ASA (ELMRA.OL) Stock Technical Analysis
OSL:ELMRA - Euronext Oslo - NO0010815673 - Common Stock - Currency: NOK
Overall ELMRA gets a technical rating of 1 out of 10. ELMRA 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
82% of all other stocks performed better in the past year than ELMRA.
ELMRA is one of the lesser performing stocks in the Electric Utilities industry. 78% of 15 stocks in the same industry do better.
ELMRA 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 ELMRA has a been trading in the 31.05 - 34.00 range, which is quite wide. It is currently trading near the lows of this range.
Although the technical rating is bad, ELMRA does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 31.16, a Stop Loss order could be placed below this zone.
More info and screens
30.20
40.10
When analyzing the support we can see 2 important areas.
- A support zone ranging from 31.15 to 31.16. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 30.50 to 30.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 31.92 to 32.31. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @33.05 from a horizontal line in the daily time frame.
- A resistance zone ranging from 33.76 to 34.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @39.70 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
CRS18.15
Mansfield-1.03
10 Day High33.4
10 Day Low31.1
20 Day High34
20 Day Low31.05
52 Week High39.95
52 Week Low28.2
Performance
1 Week-2.78%
2 Weeks-2.33%
1 Month0.16%
3 Month-19.77%
6 Month-2.78%
12 Month-3.94%
2 Year87.76%
3 YearN/A
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)0.07
RSI(14)38.01
LBB31.13
UBB32.98
OSL:ELMRA (3/7/2025, 7:00:00 PM)
31.45
+0.15 (+0.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg0.48%
1 Week-2.78%
2 Weeks-2.33%
1 Month0.16%
3 Month-19.77%
6 Month-2.78%
12 Month-3.94%
2 Year87.76%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.99
ATR(20)%3.46%
ATR Inc-31.19%
Range Today0.8
ADR(20)1.09
ADR(20)%3.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.15
Mansfield-1.03
10 Day High33.4
10 Day Low31.1
20 Day High34
20 Day Low31.05
52 Week High39.95
52 Week Low28.2
CS1 End31.16
CR1 Start31.92
Volume & EV
DER(3)-4.01%
DER(5)-3.3%
Volume63.39K
Volume Incr-34.02%
Vol(5)187.84K
Vol(50)235.18K