EL

ELISA.HE

$36.70
Sharia status
COMPLIANT
Per In-house ratio engine · assessed 2026-08-27
HTR non-permissible income 0.23%
🕌Open research, not a fatwa — verify with your own scholar.
Trade setup SEPARATE FROM SHARIAH
No active setup right now. The technical picture doesn't show a clear edge — check back when the trend or momentum shifts.

Elisa Oyj (ELISA.HE) is currently considered halal (Sharia-compliant), per In-house ratio engine (last assessed 2026-08-27). See the full ratio breakdown and business-activity screen below for the reasoning.

Market & analysts
Price target
$39.60
+7.9% · 19 analysts
Institutional own.
51.8%
of shares
COMPLIANT
Sharia compliance
0.23%
Non-permissible income — HTR, from filings (2025-12-31)
$39.60
Price target (+7.9%) · 19 analysts
51.8%
Institutional ownership

🕌 In-house Compliance Research

Computed from Yahoo Finance fundamentals (Tier-4 provider, no filing available), balance sheet as of 2025-12-31. ELISA.HE files no SEC reports, so these ratios come from the issuer's own published statements rather than XBRL.

Business activity: cleared (no excluded categories detected)

AAOIFI Pass

RatioValueThresholdResult
Interest-bearing debt 31.45% 30.00% Fail
Interest-bearing investments 3.28% 30.00% Pass
Non-permissible income 0.23% 5.00% Pass

Usmani Fail

RatioValueThresholdResult
Interest-bearing debt 51.73% 33.00% Fail
Interest-bearing investments 5.39% 33.00% Pass
Non-liquid assets 81.99% at least 20.00% Pass
Non-permissible income 0.23% 5.00% Pass

MSCI Fail

RatioValueThresholdResult
Interest-bearing debt 51.73% 33.33% Fail
Cash + interest-bearing securities 5.39% 33.33% Pass
Accounts receivable 18.01% 33.33% Pass
Non-permissible income 0.23% 5.00% Pass

FTSE Fail

RatioValueThresholdResult
Interest-bearing debt 51.73% 33.33% Fail
Cash + interest-bearing securities 5.39% 33.33% Pass
Accounts receivable 18.01% 50.00% Pass
Non-permissible income 0.23% 5.00% Pass

Dow Jones Islamic Market Pass

Scored against a trailing-average market cap (24-month), share-weighted by the issuer's own reported share counts — not today's market cap.

RatioValueThresholdResult
Interest-bearing debt 29.03% 33.00% Pass
Cash + interest-bearing securities 3.02% 33.00% Pass
Accounts receivable 7.08% 33.00% Pass
Non-permissible income 0.23% 5.00% Pass

S&P Shariah Pass

Scored against a trailing-average market cap (36-month), share-weighted by the issuer's own reported share counts — not today's market cap.

RatioValueThresholdResult
Interest-bearing debt 29.66% 33.00% Pass
Cash + interest-bearing securities 3.09% 49.00% Pass
Accounts receivable 7.24% 49.00% Pass
Non-permissible income 0.23% 5.00% Pass

MSCI M-Series Pass

Scored against a trailing-average market cap (36-month), share-weighted by the issuer's own reported share counts — not today's market cap.

RatioValueThresholdResult
Interest-bearing debt 29.66% 33.33% Pass
Cash + interest-bearing securities 3.09% 33.33% Pass
Accounts receivable 10.33% 49.00% Pass
Non-permissible income 0.23% 5.00% Pass

Research only, not investment advice. Thresholds are each standard-setter's published limits; a ratio marked “at least” is a floor, not a ceiling.

44.1741.6639.1536.6534.142025-09-112026-03-122026-09-09

Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset

Support & Resistance
S3
35.25
S2
35.43
S1
35.81
PIVOT
35.99
R1
36.37
R2
36.55
R3
36.93

Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.

Price Forecast

7-day expected range
34.2642 37.0158
±3.86% from 35.64, made 2026-09-02 · resolves 2026-09-09
STRONG SELL
from 19 indicators
Not enough resolved predictions yet — 0 of 10 needed before we publish an accuracy figure. 21764 forecast(s) are currently open and will be scored automatically when their horizon expires.

The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally above. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.

Technical Summary

BUY
19 indicators
OscillatorsNEUTRAL
3 buy · 1 neutral · 3 sell
Moving averagesSTRONG BUY
8 buy · 0 neutral · 4 sell
Every indicator, and what it reads
IndicatorValueSignal
RSI (14)63.20NEUTRAL
Stochastic %K (14)97.25SELL
CCI (20)194.18SELL
Williams %R (14)-2.75SELL
MACD (12,26,9)0.09BUY
ROC (10)1.59BUY
Momentum (10)0.58BUY
EMA (10)36.02BUY
SMA (10)35.92BUY
EMA (20)35.82BUY
SMA (20)35.81BUY
EMA (30)35.77BUY
SMA (30)35.56BUY
EMA (50)36.01BUY
SMA (50)35.29BUY
EMA (100)36.94SELL
SMA (100)37.39SELL
EMA (200)37.85SELL
SMA (200)38.13SELL

Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.

About Elisa Oyj

Communication Services · Telecom Services

Elisa Oyj provides telecommunications, information and communication technology (ICT), and online services in Finland, rest of Europe, and internationally. It operates through two segments: Consumer Customers and Corporate Customers. The company offers consumers with telecommunications and communications services, including fixed and mobile subscriptions, supplementary digital services, cable TV subscriptions, and entertainment services, as well as IT and communication solutions. It provides sedApta, supply chain management and operational planning software; camLine, an automation, MES, and data analytics software; CalcuQuote, a integrated software for sourcing, quoting, procurement, and supplier collaboration; and TenForce, a platform to strengthen safety culture and operational oversight across complex industrial environments. It also offers Polystar, an intelligent network analytics and optimization software. The company markets its solutions under Elisa IndustrIQ brand. Further, it provides Gridle, an AI-powered energy flexibility optimization service; and Elisa Kotiakku, that smooths out spikes in electricity spot prices and stores electricity generated by solar panels. In addition, the company offers automation solutions for network management and operation for mobile operators, industrial IoT solutions and distributed energy solutions. It serves consumers, corporates, and public administration organizations. Elisa Oyj was founded in 1882 and is headquartered in Helsinki, Finland.

elisa.com ↗

Background via Yahoo Finance — informational, not part of the verdict.

🕌 In-house Ratio Research — filings.xbrl.org ESEF XBRL

Research only, not the primary verdict above — SEC EDGAR (the source for the main in-house research card, if shown) has no data for this symbol, so this is computed from a real, country-specific filing instead. Business-activity screening isn't part of this check.

AAOIFI Standard 21 (% of market cap) — Unverified
Debt ratio 22.1% (< 30%)
Investments ratio 3.2% (< 30%)
Non permissible income ratio no data
Usmani (% of total assets) — Fail
Debt ratio 37.0% (< 33%)
Investments ratio 5.4% (< 33%)
Nonliquid assets ratio 78.2% (< 20%)
Non permissible income ratio no data
Net liquid assets $0.0B (mkt cap $5.9B)

Based on the filing period ending 2025-12-31, figures in EUR.

SMC — Top Down

Not enough price history yet for a smart-money structure read on any timeframe.

Momentum & Volume

Peer Movement

Peer movement computing — it will appear here on its own.

Insider Activity (90d)

NO DATA   0 buys · 0 sells

COT Positioning — E-MINI S&P 500 - CHICAGO MERCANTILE EXCHANGE

NEUTRAL   report date 2026-09-01 · Asset managers net 934180 (-19048)

AI Summary

Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.

Tell us what's working, what's confusing, or what you want to see next — read by a real person, not a form that goes nowhere.