ATLANTIC SAPPHIRE ASA (ASA.OL) Stock Technical Analysis
OSL:ASA - Euronext Oslo - NO0013464750 - Common Stock - Currency: NOK
We assign a technical rating of 9 out of 10 to ASA. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ASA is showing a nice and steady performance.
In the last month ASA has a been trading in the 8.95 - 11.80 range, which is quite wide. It is currently trading near the lows of this range.
Both the short term and long term trends are positive. This is a very positive sign.
ASA is one of the better performing stocks in the Food Products industry, it outperforms 93% of 60 stocks in the same industry.
Looking at the yearly performance, ASA did better than 95% of all other 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.
Considerably lower volume is observed in the last couple of days.
Although ASA has an excellent technical rating, the quality of the presented setup is not ideal at the moment. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
6.54
10.91
We found 3 important support areas.
- Support @8.07 from a trend line in the weekly time frame.
- Support @7.89 from a trend line in the daily time frame.
- A support zone ranging from 6.61 to 6.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 9.37 to 9.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 9.62 to 9.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | 95.55 | POSITIVE | ASA.OL has a high relative strength, it outperformed 95.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ASA.OL is below 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) | 51.46 | NEUTRAL | The RSI value for ASA.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests ASA.OL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.72 | NEUTRAL | The Stochastics value for ASA.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 7.18 | HIGH VOLATILITY | The high ATR as a percentage value for ASA.OL suggests high volalility. |
| Average Directional Index/ADX (14) | 28.52 | 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 (8/4/2025, 7:00:00 PM)
9.283
-0.24 (-2.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg-2.5%
1 Week-2.15%
2 Weeks-4.36%
1 Month9.69%
3 Month34.91%
6 Month-21.46%
12 Month71.71%
2 Year293.5%
3 Year-49.63%
5 Year-90.48%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.51
ATR(20)%7.18%
ATR Inc-19.27%
Range Today0.62
ADR(20)0.61
ADR(20)%6.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.55
Mansfield8.64
10 Day High10.4
10 Day Low9.38
20 Day High11.8
20 Day Low8.95
52 Week High16
52 Week Low0.07
CS1 End8.07
CR1 Start9.37
Volume & EV
DER(3)0.01%
DER(5)-1.64%
Volume38.78K
Volume Incr-73.19%
Vol(5)24.79K
Vol(50)88.08K