AUSS Technical Analysis - AUSTEVOLL SEAFOOD ASA

Technical Rating and Analysis

Taking everything into account, AUSS scores 0 out of 10 in our technical rating. AUSS'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 negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, AUSS is a bad performer in the overall market: 63% of all stocks are doing better.

AUSS is part of the Food Products industry. There are 57 other stocks in this industry, of which 64% are performing better than AUSS.

In the last month AUSS has a been trading in the 89.60 - 100.40 range, which is quite wide. It is currently trading near the lows of this range.

AUSS 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 AUSS is lagging the market slightly.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

AUSTEVOLL SEAFOOD ASA / AUSS Weekly stock chart

AUSTEVOLL SEAFOOD ASA / AUSS Daily stock chart

Setup Rating and Analysis

AUSS has a poor technical rating and the quality of the setup is also not perfect 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

89.40

103.53

We found 2 important support areas.

Support @91.99 from a horizontal line in the weekly time frame.
Support @90.30 from a horizontal line in the daily time frame.

We can see 3 important resistance areas.

A resistance zone ranging from 92.67 to 93.13. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 94.70 to 97.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 101.00 to 102.50. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Technical Indicator Signal Analysis

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 AUSS.OL is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for AUSS.OL is down.
ChartMill Relative Strength	37.99	NEUTRAL	AUSS.OL is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of AUSS.OL is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of AUSS.OL is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of AUSS.OL is below a declining SMA(200).
Relative Strength Index/RSI (14)	42.08	NEUTRAL	The RSI value for AUSS.OL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.35	NEGATIVE	The MACD value suggests AUSS.OL has a negative trend, although the MACD value is rising.
Stochastics (14,3)	13.28	OVERSOLD	The low Stochastics value suggests AUSS.OL may be oversold.
Average True Range in percent/ATR (20)	2.41	MEDIUM VOLATILITY	The ATR as a percentage value for AUSS.OL suggests some volalility.
Average Directional Index/ADX (14)	17.24	NEGATIVE	The low ADX value for AUSS.OL suggests a weak or negative trend.