ATLANTIC SAPPHIRE ASA (ASA.OL) Stock Technical Analysis
OSL:ASA - Euronext Oslo - NO0013464750 - Common Stock - Currency: NOK
Taking everything into account, ASA scores 2 out of 10 in our technical rating. ASA performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
88% of all other stocks performed better in the past year than ASA.
ASA is part of the Food Products industry. There are 59 other stocks in this industry, of which 82% are performing better than ASA.
In the last month ASA has a been trading in the 6.15 - 7.44 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.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
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.
Considerably lower volume is observed in the last couple of days.
ASA has a poor technical rating and the quality of the setup is also only medium 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
6.13
11.45
We found 1 important support area.
- A support zone ranging from 6.19 to 6.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @11.34 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 | DOWN | NEGATIVE | The short term trend for ASA.OL is down. |
| ChartMill Relative Strength | 12.88 | NEGATIVE | ASA.OL has a low relative strength, it was outperformed by 87.12% 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) | UP | MIXED | The current price of ASA.OL is below 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) | 42.58 | NEUTRAL | The RSI value for ASA.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests ASA.OL has a negative trend. |
| Stochastics (14,3) | 6.45 | OVERSOLD | The low Stochastics value suggests ASA.OL may be oversold. |
| Average True Range in percent/ATR (20) | 6.88 | HIGH VOLATILITY | The high ATR as a percentage value for ASA.OL suggests high volalility. |
| Average Directional Index/ADX (14) | 20.97 | NEUTRAL | The ADX value for ASA.OL suggests a possible start of a new 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 (5/28/2025, 7:00:00 PM)
6.25
+0.05 (+0.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg0.81%
1 Week-13.27%
2 Weeks-7.27%
1 Month-6.81%
3 Month4.17%
6 Month7635.15%
12 Month-44.73%
2 Year16.82%
3 Year-76.29%
5 Year-94.61%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.42
ATR(20)%6.88%
ATR Inc-12.4%
Range Today0.3
ADR(20)0.43
ADR(20)%6.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.88
Mansfield3.64
10 Day High7.44
10 Day Low6.15
20 Day High7.44
20 Day Low6.15
52 Week High16
52 Week Low0.07
CS1 End6.24
CR1 Start11.34
Volume & EV
DER(3)0.56%
DER(5)0.47%
Volume30.06K
Volume Incr-27.09%
Vol(5)43.13K
Vol(50)68.94K