BELSHIPS ASA (BELCO.OL) Stock Technical Analysis
Europe - OSL:BELCO - NO0003094104 - Common Stock
Overall BELCO gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, BELCO is only an average performer.
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
19.95
We found 1 important support 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.
When analyzing the resistance we notice one important 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.
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. |
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 worst case loss on the trade is limited to 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.
OSL:BELCO (3/31/2025, 7:00:00 PM)
20.35
0 (0%)
BELSHIPS ASA / BELCO.OL 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 trend direction for BELCO 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.
Can you provide the short term momentum for BELSHIPS ASA?
The short term momentum for BELSHIPS ASA (BELCO.OL) is positive.
What is the support and resistance level for BELCO 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.