Elopak Asa Stock Forecast

Hold candidate since Jun 02, 2026 Loss -0.29%

The Elopak Asa stock price fell by -0.290% on the last day (Wednesday, 3rd Jun 2026) from kr34.50 to kr34.40. During the last trading day the stock fluctuated 3.08% from a day low at kr34.05 to a day high of kr35.10. The price has fallen in 5 of the last 10 days and is down by -0.86% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -617 thousand shares and in total, 218 thousand shares were bought and sold for approximately kr7.50 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -30.81% during the next 3 months and, with a 90% probability hold a price between kr20.18 and kr25.75 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

ELO.OL Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, May 29, 2026, and so far it has risen 2.53%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Elopak Asa stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at kr35.73. On a fall, the stock will find some support from the short-term average at kr33.96. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Elopak Asa stock

Elopak Asa finds support from accumulated volume at kr33.95 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved kr1.05 between high and low, or 3.08%. For the last week, the stock has had daily average volatility of 2.70%.

Elopak Asa is oversold on RSI14 (16). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: kr32.40 (-5.82%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 16 which reduces the risk some. There is a buy signal from a pivot bottom found 3 days ago.)

Trading Expectations (ELO.OL) For The Upcoming Trading Day Of Thursday 4th

For the upcoming trading day on Thursday, 4th we expect Elopak Asa to open at kr34.52, and during the day (based on 14 day Average True Range), to move between kr33.89 and kr34.91, which gives a possible trading interval of +/-kr1.02 (+/-3.00%) up or down from last closing price. If Elopak Asa takes out the full calculated possible swing range there will be an estimated 3.00% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at kr33.95 (1.31%) than the resistance at kr35.40 (2.91%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Elopak Asa stock A Buy?

Elopak Asa holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.618 Hold/Accumulate Unchanged

Predicted Fair Opening Price

Predicted fair opening price on June 4, 2026 - kr34.52 ( 0.339%).

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