BOUV Technical Analysis - BOUVET ASA

Technical Rating and Analysis

Taking everything into account, BOUV scores 0 out of 10 in our technical rating. BOUV's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

81% of all other stocks performed better in the past year than BOUV.

BOUV is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

BOUV is an average performer in the IT Services industry, it outperforms 58% of 74 stocks in the same industry.

In the last month BOUV has a been trading in a tight range between 64.10 and 67.80.

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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 bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 65.70. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 65.67, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

64.05

84.44

When analyzing the support we notice one important area.

A support zone ranging from 64.70 to 65.67. 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 5 important areas.

A resistance zone ranging from 65.70 to 65.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @66.81 from a trend line in the daily time frame.
Resistance @75.20 from a trend line in the weekly time frame.
Resistance @81.60 from a horizontal line in the weekly time frame.
Resistance @83.60 from a horizontal line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

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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	19.92	NEGATIVE	BOUV.OL has a low relative strength, it was outperformed by 80.08% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of BOUV.OL is above 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)	43.41	NEUTRAL	The RSI value for BOUV.OL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.25	POSITIVE	The MACD value suggests BOUV.OL has a positive trend.
Stochastics (14,3)	47.13	NEUTRAL	The Stochastics value for BOUV.OL is a neutral value.
Average True Range in percent/ATR (20)	1.77	LOW VOLATILITY	The low ATR as a percentage value for BOUV.OL suggests low volalility.
Average Directional Index/ADX (14)	22.08	NEUTRAL	The ADX value for BOUV.OL suggests a possible start of a new trend.