BOUVET ASA(OSL:BOUV) stock Technical Analysis

Technical Rating and Analysis

We assign a technical rating of 10 out of 10 to BOUV. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BOUV is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.

Looking at the yearly performance, BOUV did better than 80% of all other stocks. On top of that, BOUV also shows a nice and consistent pattern of rising prices.

BOUV is part of the IT Services industry. There are 71 other stocks in this industry. BOUV outperforms 74% of them.

BOUV is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so BOUV is performing more or less in line with the market.

In the last month BOUV has a been trading in the 75.00 - 83.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

BOUV has an excellent technical rating, but the quality of the setup is 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

59.60

84.44

We found 3 important support areas.

A support zone ranging from 74.85 to 76.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 69.60 to 71.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @60.20 from a horizontal line in the weekly time frame.

We found 1 important resistance area.

A resistance zone ranging from 81.60 to 83.60. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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Support and Resistance Screener and Trading Strategies

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 BOUV.OL is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for BOUV.OL is up.
ChartMill Relative Strength	80.69	POSITIVE	BOUV.OL has a high relative strength, it outperformed 80.69% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of BOUV.OL is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of BOUV.OL is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of BOUV.OL is above the rising SMA(200).
Relative Strength Index/RSI (14)	53.35	NEUTRAL	The RSI value for BOUV.OL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.23	NEGATIVE	The MACD value suggests BOUV.OL has a negative trend.
Stochastics (14,3)	43.44	NEUTRAL	The Stochastics value for BOUV.OL is a neutral value.
Average True Range in percent/ATR (20)	2.73	MEDIUM VOLATILITY	The ATR as a percentage value for BOUV.OL suggests some volalility.
Average Directional Index/ADX (14)	21.37	NEUTRAL	The ADX value for BOUV.OL suggests a possible start of a new trend.