AKASTOR ASA (AKAST.OL) Stock Technical Analysis
OSL:AKAST - Euronext Oslo - NO0010215684 - Common Stock - Currency: NOK
Overall AKAST gets a technical rating of 4 out of 10. In the past year, AKAST was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
AKAST has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 11.79, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
10.68
When analyzing the support we can see 2 important areas.
- A support zone ranging from 11.79 to 11.79. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- 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 one important area.
- A resistance zone ranging from 12.40 to 12.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for AKAST.OL is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AKAST.OL is up. |
| ChartMill Relative Strength | 16.63 | NEGATIVE | AKAST.OL has a low relative strength, it was outperformed by 83.37% 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) | 53.62 | NEUTRAL | The RSI value for AKAST.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests AKAST.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 50 | NEUTRAL | The Stochastics value for AKAST.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.7 | MEDIUM VOLATILITY | The ATR as a percentage value for AKAST.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 14.51 | NEGATIVE | The low ADX value for AKAST.OL suggests a weak or negative trend. |
OSL:AKAST (6/18/2025, 7:00:00 PM)
12.32
-0.14 (-1.12%)