ATLANTIC SAPPHIRE ASA (ASA.OL) Stock Technical Analysis
OSL:ASA - Euronext Oslo - NO0013464750 - Common Stock - Currency: NOK
Overall ASA gets a technical rating of 8 out of 10. In the last year, ASA was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The long and short term trends are both positive. This is looking good!
ASA is one of the better performing stocks in the Food Products industry, it outperforms 98% of 55 stocks in the same industry.
When comparing the yearly performance of all stocks, we notice that ASA is one of the better performing stocks in the market, outperforming 96% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
ASA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ASA is lagging the market.
In the last month ASA has a been trading in the 8.30 - 11.80 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.
ASA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for ASA in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
6.32
10.91
When analyzing the support we can see 3 important areas.
- A support zone ranging from 8.61 to 8.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 7.42 to 7.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.38 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 9.87 to 9.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.19 from a trend line in the daily time frame.
- Resistance @10.80 from a horizontal 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 | UP | POSITIVE | The long term trend for ASA.OL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ASA.OL is up. |
| ChartMill Relative Strength | 96.97 | POSITIVE | ASA.OL has a high relative strength, it outperformed 96.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ASA.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ASA.OL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ASA.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.83 | NEUTRAL | The RSI value for ASA.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests ASA.OL has a negative trend. |
| Stochastics (14,3) | 41.17 | NEUTRAL | The Stochastics value for ASA.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 6.81 | HIGH VOLATILITY | The high ATR as a percentage value for ASA.OL suggests high volalility. |
| Average Directional Index/ADX (14) | 33.08 | POSITIVE | The high ADX value value for ASA.OL suggests a strong 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:ASA (7/23/2025, 7:00:00 PM)
9.85
+0.15 (+1.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg1.53%
1 Week-3.48%
2 Weeks-1.72%
1 Month12.33%
3 Month35.19%
6 Month-28.72%
12 Month106.19%
2 Year60.67%
3 Year-55.5%
5 Year-91.43%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.75
ATR(20)%6.81%
ATR Inc-39.81%
Range Today0.5
ADR(20)0.6
ADR(20)%6.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.97
Mansfield9.88
10 Day High10.98
10 Day Low9.13
20 Day High11.8
20 Day Low8.3
52 Week High16
52 Week Low0.07
CS1 End8.65
CR1 Start9.91
Volume & EV
DER(3)11.29%
DER(5)7.26%
Volume47.01K
Volume Incr-56.89%
Vol(5)38.04K
Vol(50)88.12K