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OSE
Index
fx
ELK.OL
OSE
Elkem
SELL
Close
33.86
Prev.Close
34.46
Change
-0.6000
Change%
-1.74%
BEARISH THREE GAP UPS
Sold at
33.92
Open
34.38
High
34.70
Low
33.70
Close
33.86
Gain%
-0.18%
Signal History
6 mo.
6 mo.
24 mo.
24 mo.
Date
Price
Signal
Change%
NOK100⇨
14.08
33.92
SELL
-0.2%
128
03.08
31.84
BUY
+6.5%
✔
120
16.07
32.49
SELL
-2.0%
✔
120
13.07
30.47
BUY
+6.6%
✔
113
07.07
31.36
SHORT
-2.8%
✔
110
03.07
32.02
BUY
-2.1%
❌
113
29.06
31.08
SHORT
+3.0%
❌
117
25.06
31.76
BUY
-2.1%
❌
119
18.06
32.71
SHORT
-2.9%
✔
116
16.06
33.31
BUY
-1.8%
❌
119
05.06
33.49
SELL
-0.5%
✔
119
07.05
28.60
BUY
+17.1%
✔ 👍
102
27.04
28.42
SELL
+0.6%
❌
102
21.04
29.02
BUY
-2.1%
❌
104
15.04
28.74
SELL
+1.0%
❌
104
10.04
28.81
BUY
-0.2%
❌
105
07.04
27.80
SHORT
+3.6%
❌
109
25.03
27.70
BUY
+0.4%
✔
109
13.03
28.70
SHORT
-3.5%
✔
106
17.02
27.02
BUY
+6.2%
✔
100
† Trade commissions are taken as 0.15%.
Date
Price
Signal
Change%
NOK100⇨
14.08
33.92
SELL
-0.2%
315
03.08
31.84
BUY
+6.5%
✔
296
16.07
32.49
SELL
-2.0%
✔
297
13.07
30.47
BUY
+6.6%
✔
279
07.07
31.36
SHORT
-2.8%
✔
272
03.07
32.02
BUY
-2.1%
❌
278
29.06
31.08
SHORT
+3.0%
❌
288
25.06
31.76
BUY
-2.1%
❌
295
18.06
32.71
SHORT
-2.9%
✔
287
16.06
33.31
BUY
-1.8%
❌
294
05.06
33.49
SELL
-0.5%
✔
294
07.05
28.60
BUY
+17.1%
✔ 👍
252
27.04
28.42
SELL
+0.6%
❌
252
21.04
29.02
BUY
-2.1%
❌
258
15.04
28.74
SELL
+1.0%
❌
258
10.04
28.81
BUY
-0.2%
❌
259
07.04
27.80
SHORT
+3.6%
❌
270
25.03
27.70
BUY
+0.4%
✔
269
13.03
28.70
SHORT
-3.5%
✔
261
17.02
27.02
BUY
+6.2%
✔
247
13.02
26.33
SHORT
+2.6%
❌
254
09.02
28.85
BUY
-8.7%
❌
279
27.01
29.45
SHORT
-2.0%
✔
274
23.01
29.63
BUY
-0.6%
❌
277
05.01
30.35
SELL
-2.4%
✔
277
16.12
28.40
BUY
+6.9%
✔
260
11.12
28.20
SELL
+0.7%
❌
260
25.11
26.49
BUY
+6.5%
✔
245
21.11
26.40
SELL
+0.3%
❌
245
13.11
26.35
BUY
+0.2%
✔
245
21.10
27.42
SHORT
-3.9%
✔
237
02.10
27.06
BUY
+1.3%
✔
234
30.09
26.62
SELL
+1.7%
❌
235
23.09
25.45
BUY
+4.6%
✔
225
11.09
24.72
SHORT
+3.0%
❌
232
05.09
24.85
BUY
-0.5%
❌
234
01.09
25.12
SHORT
-1.1%
✔
232
25.08
25.96
BUY
-3.2%
❌
241
18.08
25.45
SELL
+2.0%
❌
241
05.08
24.95
BUY
+2.0%
✔
237
25.07
25.76
SELL
-3.1%
✔
237
17.07
24.64
BUY
+4.5%
✔
227
15.07
23.60
SELL
+4.4%
❌
227
27.05
19.21
BUY
+22.9%
✔ 👍
185
16.05
19.55
SELL
-1.7%
✔
186
08.05
18.47
BUY
+5.8%
✔
176
30.04
19.52
SELL
-5.4%
✔
176
24.04
19.11
BUY
+2.1%
✔
173
24.03
22.43
SHORT
-14.8%
✔
151
14.03
23.01
BUY
-2.5%
❌
155
10.03
22.94
SELL
+0.3%
❌
155
06.03
22.71
BUY
+1.0%
✔
154
24.02
23.30
SELL
-2.5%
✔
154
14.02
22.85
BUY
+2.0%
✔
151
12.02
21.24
SELL
+7.6%
❌
152
06.02
22.07
BUY
-3.8%
❌
158
31.01
22.58
SELL
-2.3%
✔
158
23.01
17.51
BUY
+29.0%
✔ 👍
123
17.01
16.87
SHORT
+3.8%
❌
128
15.01
17.33
BUY
-2.7%
❌
132
19.12
17.05
SELL
+1.6%
❌
132
17.12
18.47
BUY
-7.7%
❌
143
13.12
18.45
SELL
+0.1%
❌
144
15.11
17.70
BUY
+4.3%
✔
138
13.11
17.89
SHORT
-1.1%
✔
137
07.11
18.04
BUY
-0.8%
❌
138
15.10
20.87
SELL
-13.6%
✔
139
13.09
16.96
BUY
+23.1%
✔ 👍
113
27.08
20.14
SHORT
-15.8%
✔
98
23.08
20.42
BUY
-1.4%
❌
99
20.08
20.38
SHORT
+0.2%
❌
100
† Trade commissions are taken as 0.15%.
Pattern & Confirmation Chart for the Last 6 Months
Signal Update
Today's recommendation from our system is to
SELL
. The
BEARISH THREE GAP UPS
pattern has finally received confirmation because the prices crossed below the confirmation level at 34.12, and our valid average selling price now stands at 33.92. The previous
BUY
signal was issued on 03.08.2026, 11 days ago, when the stock price was 31.84. Since then,
ELK.OL
has risen by
+6.53%
.
Market Outlook
We may be at a market top or at the beginning of a correction. The market has lost momentum, and traders are now more aligned in their bearish outlook. The compelling evidence suggests it's prudent to consider closing long positions. Today’s candlestick has a black body and its close is below the confirmation level. The bearish pattern that was previously identified is finally confirmed and a <
SELL
signal is generated. You still have time to act on the signal, and then you can begin evaluating other securities for a potential bullish bet.
Pattern Description
This is a four-day bearish reversal pattern. It consists of three consecutive days, each opening with a gap up. After Three Gap Ups, the market becomes significantly overbought, signaling a potential reversal of the current uptrend.
more...
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