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 92% of 57 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 95% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
ASA is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ASA is lagging the market slightly.
In the last month ASA has a been trading in the 5.01 - 12.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although ASA has an excellent technical rating, it 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.
More info and screens
5.64
10.93
We found 2 important support areas.
- Support @6.01 from a trend line in the daily time frame.
- Support @5.70 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @10.82 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 | 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 | 95.11 | POSITIVE | ASA.OL has a high relative strength, it outperformed 95.11% 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) | 60.95 | NEUTRAL | The RSI value for ASA.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests ASA.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 56.27 | NEUTRAL | The Stochastics value for ASA.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 10.34 | HIGH VOLATILITY | The high ATR as a percentage value for ASA.OL suggests high volalility. |
| Average Directional Index/ADX (14) | 34.57 | 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 (6/19/2025, 9:18:01 AM)
8.95
+0.05 (+0.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg0.56%
1 Week-9.5%
2 Weeks65.74%
1 Month22.05%
3 Month86.46%
6 Month10282.8%
12 Month-0.56%
2 Year36.64%
3 Year-53.46%
5 Year-92.87%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.14
ATR(20)%10.34%
ATR Inc-62.45%
Range Today0
ADR(20)0.89
ADR(20)%9.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.11
Mansfield9.86
10 Day High12
10 Day Low5.5
20 Day High12
20 Day Low5.01
52 Week High16
52 Week Low0.07
CS1 End6.01
CR1 Start10.82
Volume & EV
DER(3)-1.32%
DER(5)-0.87%
Volume286
Volume Incr-9.2%
Vol(5)88.24K
Vol(50)101.69K