ATLANTIC SAPPHIRE ASA (ASA.OL) Stock Technical Analysis
OSL:ASA - NO0013464750 - Common Stock
8.21 NOK
-0.12 (-1.45%)
We assign a technical rating of 3 out of 10 to ASA. In the last year, ASA was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
In the last month ASA has a been trading in the 8.08 - 12.00 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.
ASA is one of the better performing stocks in the Food Products industry, it outperforms 98% of 59 stocks in the same industry.
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.
Looking at the yearly performance, ASA did better than 99% 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.
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
6.99
11.37
2 important support areas can be observed.
- Support @7.43 from a trend line in the daily time frame.
- Support @7.06 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 8.29 to 8.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @11.26 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 | 99.44 | POSITIVE | ASA.OL has a high relative strength, it outperformed 99.44% 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) | UP | POSITIVE | The current price of ASA.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.06 | NEUTRAL | The RSI value for ASA.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests ASA.OL has a negative trend. |
| Stochastics (14,3) | 6.82 | OVERSOLD | The low Stochastics value suggests ASA.OL may be oversold. |
| Average True Range in percent/ATR (20) | 7.58 | HIGH VOLATILITY | The high ATR as a percentage value for ASA.OL suggests high volalility. |
| Average Directional Index/ADX (14) | 20.53 | 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 (9/8/2025, 2:58:59 PM)
8.21
-0.12 (-1.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg-1.45%
1 Week-12.31%
2 Weeks-22.34%
1 Month-12.67%
3 Month48.98%
6 Month61.74%
12 Month1286.19%
2 Year432.67%
3 Year-24.54%
5 Year-92.43%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.77
ATR(20)%7.58%
ATR Inc-16.72%
Range Today0.09
ADR(20)0.52
ADR(20)%6.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.44
Mansfield4.46
10 Day High10.8
10 Day Low8.08
20 Day High12
20 Day Low8.08
52 Week High16
52 Week Low0.07
CS1 End8.32
CR1 Start11.26
Volume & EV
DER(3)-2.37%
DER(5)-1.53%
Volume100
Volume Incr-10.8%
Vol(5)96.09K
Vol(50)92.41K