AKASTOR ASA (AKAST.OL) Stock Technical Analysis
OSL:AKAST - Euronext Oslo - NO0010215684 - Common Stock - Currency: NOK
We assign a technical rating of 1 out of 10 to AKAST. AKAST 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.
77% of all other stocks performed better in the past year than AKAST.
AKAST is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AKAST is lagging the market.
AKAST is an average performer in the Energy Equipment & Services industry, it outperforms 50% of 35 stocks in the same industry.
In the last month AKAST has a been trading in the 11.04 - 12.64 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
AKAST has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 12.34. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.06, a Stop Loss order could be placed below this zone.
More info and screens
10.68
14.13
2 important support areas can be observed.
- A support zone ranging from 11.87 to 12.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.79 to 10.92. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 12.34 to 12.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 13.04 to 13.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @13.99 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for AKAST.OL is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AKAST.OL is neutral. |
| ChartMill Relative Strength | 23.72 | NEGATIVE | AKAST.OL has a low relative strength, it was outperformed by 76.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AKAST.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of AKAST.OL is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AKAST.OL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.94 | NEUTRAL | The RSI value for AKAST.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests AKAST.OL has a positive trend. |
| Stochastics (14,3) | 56.5 | NEUTRAL | The Stochastics value for AKAST.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.66 | MEDIUM VOLATILITY | The ATR as a percentage value for AKAST.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 16.5 | NEGATIVE | The low ADX value for AKAST.OL suggests a weak or negative trend. |
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)
OSL:AKAST (5/28/2025, 7:00:00 PM)
12.1
+0.24 (+2.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg2.02%
1 Week0%
2 Weeks-2.26%
1 Month6.14%
3 Month-6.35%
6 Month-4.42%
12 Month-14.55%
2 Year21.36%
3 Year42.35%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.35
ATR(20)%2.66%
ATR Inc18.18%
Range Today0.32
ADR(20)0.29
ADR(20)%2.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.72
Mansfield-1.22
10 Day High12.64
10 Day Low11.6
20 Day High12.64
20 Day Low11.04
52 Week High17
52 Week Low10.4
CS1 End12.06
CR1 Start12.34
Volume & EV
DER(3)-0.22%
DER(5)-0.1%
Volume40.86K
Volume Incr-50.01%
Vol(5)55.92K
Vol(50)138.31K