BLUENORD ASA (BNOR.OL) Stock Technical Analysis
OSL:BNOR - Euronext Oslo - NO0010379266 - Common Stock - Currency: NOK
Taking everything into account, BNOR scores 0 out of 10 in our technical rating. BNOR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
64% of all other stocks performed better in the past year than BNOR.
BNOR is part of the Oil, Gas & Consumable Fuels industry. There are 59 other stocks in this industry. BNOR outperforms 74% of them.
In the last month BNOR has a been trading in the 570.00 - 618.00 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
BNOR 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 BNOR is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
BNOR has a bad 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 support zone below the current price at 584.80, a Stop Loss order could be placed below this zone.
More info and screens
553.40
701.95
When analyzing the support we can see 2 important areas.
- A support zone ranging from 569.17 to 584.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 558.99 to 560.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 588.07 to 589.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 601.74 to 613.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @673.39 from a trend line in the daily time frame.
- Resistance @695.00 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for BNOR.OL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BNOR.OL is down. |
| ChartMill Relative Strength | 36.97 | NEUTRAL | BNOR.OL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BNOR.OL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BNOR.OL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BNOR.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.94 | NEUTRAL | The RSI value for BNOR.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests BNOR.OL has a positive trend. |
| Stochastics (14,3) | 31.25 | NEUTRAL | The Stochastics value for BNOR.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.65 | MEDIUM VOLATILITY | The ATR as a percentage value for BNOR.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 14.77 | NEGATIVE | The low ADX value for BNOR.OL suggests a weak or negative 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:BNOR (5/28/2025, 7:00:00 PM)
586
+4 (+0.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.69%
1 Week0.51%
2 Weeks-2.33%
1 Month-3.46%
3 Month-12.01%
6 Month-0.68%
12 Month6.55%
2 Year52.41%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)14.71
ATR(20)%2.65%
ATR Inc-23.7%
Range Today9
ADR(20)14.2
ADR(20)%2.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS36.97
Mansfield0.05
10 Day High605
10 Day Low570
20 Day High618
20 Day Low570
52 Week High709
52 Week Low439.5
CS1 End584.8
CR1 Start588.07
Volume & EV
DER(3)2.76%
DER(5)-1.98%
Volume11.67K
Volume Incr-29.03%
Vol(5)13.12K
Vol(50)37.59K