AKER Technical Analysis - AKER ASA-A SHARES

Technical Rating and Analysis

Overall AKER gets a technical rating of 6 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

In the last month AKER has a been trading in the 709.00 - 797.00 range, which is quite wide. It is currently trading near the lows of this range.

Looking at the yearly performance, AKER did better than 78% of all other stocks. On top of that, AKER also shows a nice and consistent pattern of rising prices.

AKER is part of the Industrial Conglomerates industry. There are 16 other stocks in this industry. AKER outperforms 73% of them.

AKER is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so AKER is lagging the market slightly.

The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

AKER ASA-A SHARES / AKER Weekly stock chart

AKER ASA-A SHARES / AKER Daily stock chart

Setup Rating and Analysis

AKER has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

540.54

729.22

We found 5 important support areas.

A support zone ranging from 710.93 to 719.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @698.00 from a trend line in the daily time frame.
Support @685.00 from a horizontal line in the daily time frame.
A support zone ranging from 634.99 to 638.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @546.00 from a horizontal line in the weekly time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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	UP	POSITIVE	The long term trend for AKER.OL is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for AKER.OL is down.
ChartMill Relative Strength	78.51	POSITIVE	AKER.OL has a high relative strength, it outperformed 78.51% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of AKER.OL is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of AKER.OL is below the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of AKER.OL is above the rising SMA(200).
Relative Strength Index/RSI (14)	45.16	NEUTRAL	The RSI value for AKER.OL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-8.32	NEGATIVE	The MACD value suggests AKER.OL has a negative trend, although the MACD value is rising.
Stochastics (14,3)	15.53	OVERSOLD	The low Stochastics value suggests AKER.OL may be oversold.
Average True Range in percent/ATR (20)	2.4	MEDIUM VOLATILITY	The ATR as a percentage value for AKER.OL suggests some volalility.
Average Directional Index/ADX (14)	28.26	POSITIVE	The high ADX value value for AKER.OL suggests a strong trend.