BELSHIPS ASA (BELCO.OL) Technical Analysis
OSL:BELCO • NO0003094104
Current stock price
BELCO.OL Technical Rating and Analysis
Taking everything into account, BELCO scores 6 out of 10 in our technical rating. Although BELCO is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- BELCO is one of the lesser performing stocks in the Marine Transportation industry. 70% of 18 stocks in the same industry do better.
- The long and short term trends are both positive. This is looking good!
- When compared to the yearly performance of all other stocks, BELCO outperforms 57% of them, which is more or less in line with the market.
- BELCO 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 BELCO is lagging the market slightly.
- In the last month BELCO has a been trading in a tight range between 20.20 and 20.55.
- Considerably lower volume is observed in the last couple of days.
BELCO.OL Weekly and Daily overview Charts
BELCO.OL Setup Rating and Analysis
BELCO has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 20.40. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 20.34, a Stop Loss order could be placed below this zone.
More info and screens
BELCO.OL Support and Resistance Analysis
19.95
When analyzing the support we notice one important area.
- A support zone ranging from 20.15 to 20.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 20.40 to 20.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
BELCO.OL 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 | UP | POSITIVE | The long term trend for BELCO.OL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BELCO.OL is up. |
| ChartMill Relative Strength | 57.91 | NEUTRAL | BELCO.OL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BELCO.OL is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BELCO.OL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of BELCO.OL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.54 | NEUTRAL | The RSI value for BELCO.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests BELCO.OL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 42.86 | NEUTRAL | The Stochastics value for BELCO.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 0.57 | LOW VOLATILITY | The low ATR as a percentage value for BELCO.OL suggests low volalility. |
| Average Directional Index/ADX (14) | 32.03 | POSITIVE | The high ADX value value for BELCO.OL suggests a strong trend. |
BELCO.OL Chart- and CandleStick Pattern Analysis
BELCO.OL Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 20.46 | 20.29 | 0.17 (0.83%) | 25.00% |
| An entry @20.46. This is a Buy Stop order right above the resistance zone. | An exit @20.29. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.17 points, which is 0.83%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.21%. |
- The distance between exit and entry is rather small compared to the average daily movement of BELCO. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
BELCO.OL Technicals: Chart, Performance Metrics, Trend & Indicators
OSL:BELCO (3/31/2025, 7:00:00 PM)
20.35
0 (0%)
BELSHIPS ASA / BELCO.OL TA FAQ
What is the ChartMill technical rating of BELSHIPS ASA (BELCO.OL) stock?
ChartMill assigns a technical rating of 6 / 10 to BELCO.OL.
What is the current trend direction of BELSHIPS ASA (BELCO.OL) stock?
The current trend direction for BELSHIPS ASA (BELCO.OL) is Bullish.
Can you provide the RSI signal for BELSHIPS ASA?
BELSHIPS ASA (BELCO.OL) has an RSI value of 55.5374. This indicates that the stock is currently neutral.
What is the buy/sell signal for BELCO stock?
The buy/sell signal for BELSHIPS ASA (BELCO.OL) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for BELSHIPS ASA (BELCO.OL) stock?
BELSHIPS ASA (BELCO.OL) has a support level at 20.34 and a resistance level at 20.4. Check the full technical report for our detailed analysis of BELCO.OL support and resistance levels.