CAPSL Technical Analysis - CAPSOL TECHNOLOGIES ASA

Technical Rating and Analysis

Taking everything into account, CAPSL scores 0 out of 10 in our technical rating. CAPSL'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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.

When comparing the yearly performance of all stocks, CAPSL is a bad performer in the overall market: 94% of all stocks are doing better.

CAPSL is one of the lesser performing stocks in the Machinery industry. 79% of 103 stocks in the same industry do better.

CAPSL 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.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

In the last month CAPSL has a been trading in the 5.80 - 9.20 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

CAPSOL TECHNOLOGIES ASA / CAPSL Weekly stock chart

CAPSOL TECHNOLOGIES ASA / CAPSL Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, CAPSL does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

7.56

9.55

4 important resistance areas can be observed.

Resistance @7.95 from a horizontal line in the daily time frame.
Resistance @8.81 from a trend line in the daily time frame.
A resistance zone ranging from 9.15 to 9.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @9.46 from a horizontal line in the daily time frame.

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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 CAPSL.OL is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for CAPSL.OL is neutral.
ChartMill Relative Strength	6.41	NEGATIVE	CAPSL.OL has a low relative strength, it was outperformed by 93.59% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of CAPSL.OL is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of CAPSL.OL is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of CAPSL.OL is below a declining SMA(200).
Relative Strength Index/RSI (14)	48.77	NEUTRAL	The RSI value for CAPSL.OL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.07	POSITIVE	The MACD value suggests CAPSL.OL has a positive trend.
Stochastics (14,3)	56.15	NEUTRAL	The Stochastics value for CAPSL.OL is a neutral value.
Average True Range in percent/ATR (20)	9.83	HIGH VOLATILITY	The high ATR as a percentage value for CAPSL.OL suggests high volalility.
Average Directional Index/ADX (14)	38.3	POSITIVE	The high ADX value value for CAPSL.OL suggests a strong trend.