NEL ASA (NEL.OL) Stock Technical Analysis
OSL:NEL - Euronext Oslo - NO0010081235 - Common Stock - Currency: NOK
We assign a technical rating of 1 out of 10 to NEL. NEL 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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, NEL is a bad performer in the overall market: 86% of all stocks are doing better.
NEL is currently trading near the lower end of its 52 week range, which is not a good sign. NEL is lagging the S&P500 Index which is trading in the middle of its 52 week range.
NEL has an average volume of 8374540 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NEL is part of the Electrical Equipment industry. There are 53 other stocks in this industry, NEL did better than 51% of them.
In the last month NEL has a been trading in the 1.98 - 2.76 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
NEL has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for NEL 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
2.15
3.24
When analyzing the support we can see 2 important areas.
- Support @2.23 from a trend line in the daily time frame.
- A support zone ranging from 2.17 to 2.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 2.44 to 2.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.82 from a trend line in the daily time frame.
- Resistance @2.92 from a trend line in the daily time frame.
- Resistance @3.21 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
CRS14.45
Mansfield-4.14
10 Day High2.69
10 Day Low2.17
20 Day High2.76
20 Day Low1.98
52 Week High8.7
52 Week Low1.95
Performance
1 Week4.29%
2 Weeks0.33%
1 Month-11.64%
3 Month8.97%
6 Month-47.33%
12 Month-51.4%
2 Year-83.36%
3 Year-82.15%
5 Year-80.75%
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)0.01
RSI(14)50.51
LBB2.18
UBB2.48
OSL:NEL (4/25/2025, 7:00:00 PM)
2.43
+0.08 (+3.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg3.23%
1 Week4.29%
2 Weeks0.33%
1 Month-11.64%
3 Month8.97%
6 Month-47.33%
12 Month-51.4%
2 Year-83.36%
3 Year-82.15%
5 Year-80.75%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%7.67%
ATR Inc-19.45%
Range Today0.14
ADR(20)0.18
ADR(20)%7.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.45
Mansfield-4.14
10 Day High2.69
10 Day Low2.17
20 Day High2.76
20 Day Low1.98
52 Week High8.7
52 Week Low1.95
CS1 End2.23
CR1 Start2.44
Volume & EV
DER(3)1.42%
DER(5)3.21%
Volume5.28M
Volume Incr121.61%
Vol(5)11.46M
Vol(50)8.37M