ELOPAK ASA (ELO.OL) Stock Technical Analysis
OSL:ELO - Euronext Oslo - NO0011002586 - Common Stock - Currency: NOK
We assign a technical rating of 1 out of 10 to ELO. ELO'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.
When comparing the yearly performance of all stocks, ELO is a bad performer in the overall market: 61% of all stocks are doing better.
In the last month ELO has a been trading in the 37.25 - 43.40 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
ELO is one of the better performing stocks in the Containers & Packaging industry, it outperforms 83% of 13 stocks in the same industry.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
ELO 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.
The technical rating of ELO is bad and it also does not present a quality setup 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
36.83
46.91
When analyzing the support we notice one important area.
- A support zone ranging from 37.20 to 38.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @38.37 from a trend line in the weekly time frame.
- A resistance zone ranging from 41.42 to 42.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @46.45 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
CRS39.77
Mansfield-0.64
10 Day High43.4
10 Day Low37.7
20 Day High43.4
20 Day Low37.25
52 Week High47.9
52 Week Low30.2
Performance
1 Week-8.31%
2 Weeks-7.03%
1 Month2.54%
3 Month-16.27%
6 Month-5.31%
12 Month18.18%
2 Year76.32%
3 Year156.87%
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)-0.27
RSI(14)36.12
LBB37.35
UBB43.65
OSL:ELO (3/7/2025, 7:00:00 PM)
38.35
+0.05 (+0.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg0.13%
1 Week-8.31%
2 Weeks-7.03%
1 Month2.54%
3 Month-16.27%
6 Month-5.31%
12 Month18.18%
2 Year76.32%
3 Year156.87%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.04
ATR(20)%2.95%
ATR Inc-29.65%
Range Today0.55
ADR(20)1.05
ADR(20)%2.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS39.77
Mansfield-0.64
10 Day High43.4
10 Day Low37.7
20 Day High43.4
20 Day Low37.25
52 Week High47.9
52 Week Low30.2
CS1 End38
CR1 Start38.37
Volume & EV
DER(3)-2.27%
DER(5)-3.13%
Volume132.58K
Volume Incr10.11%
Vol(5)210.28K
Vol(50)160.32K