BOUV Technical Analysis - BOUVET ASA

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to BOUV. BOUV 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.

78% of all other stocks performed better in the past year than BOUV.

BOUV is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month BOUV has a been trading in the 65.60 - 75.00 range, which is quite wide. It is currently trading near the lows of this range.

BOUV is an average performer in the IT Services industry, it outperforms 57% of 71 stocks in the same industry.

Volume is considerably higher in the last couple of days.

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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 a poor technical rating and the quality of the setup is also 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

67.31

84.44

When analyzing the support we notice one important area.

Support @67.99 from a horizontal line in the weekly time frame.

5 important resistance areas can be observed.

Resistance @72.13 from a trend line in the daily time frame.
A resistance zone ranging from 73.83 to 74.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @77.00 from a trend line in the weekly time frame.
A resistance zone ranging from 81.00 to 81.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @83.60 from a horizontal line in the daily time frame.

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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	DOWN	NEGATIVE	The long term trend for BOUV.OL is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for BOUV.OL is down.
ChartMill Relative Strength	22.2	NEGATIVE	BOUV.OL has a low relative strength, it was outperformed by 77.8% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of BOUV.OL is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of BOUV.OL is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of BOUV.OL is below a declining SMA(200).
Relative Strength Index/RSI (14)	34.73	NEUTRAL	The RSI value for BOUV.OL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.3	NEGATIVE	The MACD value suggests BOUV.OL has a negative trend, although the MACD value is rising.
Stochastics (14,3)	15.94	OVERSOLD	The low Stochastics value suggests BOUV.OL may be oversold.
Average True Range in percent/ATR (20)	2.71	MEDIUM VOLATILITY	The ATR as a percentage value for BOUV.OL suggests some volalility.
Average Directional Index/ADX (14)	30.93	POSITIVE	The high ADX value value for BOUV.OL suggests a strong trend.