ATLANTIC SAPPHIRE ASA (ASA.OL) Stock Technical Analysis
Europe - OSL:ASA - NO0013464750 - Common Stock
Taking everything into account, ASA scores 3 out of 10 in our technical rating. Although ASA is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, ASA does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 7.40, a Stop Loss order could be placed below this zone. 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
7.27
We found 1 important support area.
- Support @7.34 from a horizontal line in the daily time frame.
6 important resistance areas can be observed.
- A resistance zone ranging from 7.40 to 7.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 7.97 to 8.04. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- A resistance zone ranging from 8.19 to 8.22. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @9.63 from a trend line in the weekly time frame.
- Resistance @10.52 from a trend line in the daily time frame.
- Resistance @10.98 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 | NEUTRAL | NEUTRAL | The long term trend for ASA.OL is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ASA.OL is down. |
| ChartMill Relative Strength | 99.56 | POSITIVE | ASA.OL has a high relative strength, it outperformed 99.56% 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) | DOWN | NEGATIVE | The current price of ASA.OL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ASA.OL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.69 | NEUTRAL | The RSI value for ASA.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ASA.OL has a positive trend. |
| Stochastics (14,3) | 24.06 | NEUTRAL | The Stochastics value for ASA.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 6.05 | HIGH VOLATILITY | The high ATR as a percentage value for ASA.OL suggests high volalility. |
| Average Directional Index/ADX (14) | 11.73 | NEGATIVE | The low ADX value for ASA.OL suggests a weak or negative trend. |
OSL:ASA (10/28/2025, 10:33:22 AM)
7.36
-0.39 (-5.02%)
ATLANTIC SAPPHIRE ASA / ASA.OL FAQ
What is the technical rating for ASA stock?
ChartMill assigns a technical rating of 3 / 10 to ASA.OL.
Can you provide the trend direction for ATLANTIC SAPPHIRE ASA?
The current trend direction for ATLANTIC SAPPHIRE ASA (ASA.OL) is Bearish.
What is the RSI signal for ASA stock?
ATLANTIC SAPPHIRE ASA (ASA.OL) has an RSI value of 48.6899. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ATLANTIC SAPPHIRE ASA?
The short term momentum for ATLANTIC SAPPHIRE ASA (ASA.OL) is negative.
What are the support and resistance levels for ATLANTIC SAPPHIRE ASA (ASA.OL) stock?
ATLANTIC SAPPHIRE ASA (ASA.OL) has a support level at 7.4 and a resistance level at 7.97. Check the full technical report for our detailed analysis of ASA.OL support and resistance levels.