ATLANTIC SAPPHIRE ASA (ASA.OL) Stock Technical Analysis
Europe • Euronext Oslo • OSL:ASA • NO0013464750
Overall ASA gets a technical rating of 0 out of 10. ASA's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 98% of all other stocks performed better in the past year than ASA.
- ASA is part of the Food Products industry. There are 67 other stocks in this industry, of which 81% are performing better than ASA.
- ASA is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month ASA has a been trading in the 4.89 - 7.01 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The technical rating of ASA is bad and it also does not present a 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
4.96
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 7.33 to 7.39. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @8.10 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for ASA.OL is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ASA.OL is neutral. |
| ChartMill Relative Strength | 2.98 | NEGATIVE | ASA.OL has a low relative strength, it was outperformed by 97.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ASA.OL is below a declining 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) | DOWN | NEGATIVE | The current price of ASA.OL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 25.87 | OVERSOLD | The low RSI value suggests ASA.OL may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests ASA.OL has a negative trend. |
| Stochastics (14,3) | 43.47 | NEUTRAL | The Stochastics value for ASA.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 9.89 | HIGH VOLATILITY | The high ATR as a percentage value for ASA.OL suggests high volalility. |
| Average Directional Index/ADX (14) | 23.9 | NEUTRAL | The ADX value for ASA.OL suggests a possible start of a new trend. |
OSL:ASA (2/6/2026, 7:00:00 PM)
5.01
-1.77 (-26.1%)
ATLANTIC SAPPHIRE ASA / ASA.OL FAQ
What is the technical rating for ASA stock?
ChartMill assigns a technical rating of 0 / 10 to ASA.OL.
What is the current trend direction of ATLANTIC SAPPHIRE ASA (ASA.OL) stock?
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 25.8739. This indicates that the stock is currently oversold.
Can you provide the MACD signal for ATLANTIC SAPPHIRE ASA?
The MACD indicator for ATLANTIC SAPPHIRE ASA (ASA.OL) has a value of -0.0716069, indicating a bearish trend.
What is the short term momentum for ASA stock?
The short term momentum for ATLANTIC SAPPHIRE ASA (ASA.OL) is neutral.