CAVENDISH HYDROGEN ASA (CAVEN.OL) Stock Technical Analysis
OSL:CAVEN - Euronext Oslo - NO0013219535 - Common Stock - Currency: NOK
We assign a technical rating of 7 out of 10 to CAVEN. Although CAVEN is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
100% of all other stocks performed better in the past year than CAVEN.
CAVEN is part of the Electrical Equipment industry. There are 52 other stocks in this industry, of which 92% are performing better than CAVEN.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month CAVEN has a been trading in the 7.00 - 19.64 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, CAVEN also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. We notice that large players showed an interest for CAVEN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
9.69
11.59
2 important support areas can be observed.
- Support @10.65 from a horizontal line in the daily time frame.
- Support @9.79 from a trend 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 | UP | POSITIVE | The long term trend for CAVEN.OL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CAVEN.OL is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | CAVEN.OL has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CAVEN.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CAVEN.OL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CAVEN.OL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.95 | NEUTRAL | The RSI value for CAVEN.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.28 | NEGATIVE | The MACD value suggests CAVEN.OL has a negative trend. |
| Stochastics (14,3) | 25.65 | NEUTRAL | The Stochastics value for CAVEN.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 18.93 | HIGH VOLATILITY | The high ATR as a percentage value for CAVEN.OL suggests high volalility. |
| Average Directional Index/ADX (14) | 36.74 | POSITIVE | The high ADX value value for CAVEN.OL suggests a strong 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 14.49 | 10.64 | 3.85 (26.57%) | 3.76% |
| An entry @14.49. This is a Buy Stop order right above the 10 day high. | An exit @10.64. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.85 points, which is 26.57%. | When investing 3.76% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of CAVEN. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
OSL:CAVEN (5/28/2025, 7:00:00 PM)
11.48
+0.44 (+3.99%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg3.99%
1 Week-0.17%
2 Weeks-1.03%
1 Month69.32%
3 Month133.81%
6 Month27.63%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.71
ATR(20)%18.93%
ATR Inc-61.53%
Range Today0.58
ADR(20)1.64
ADR(20)%14.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High14.48
10 Day Low8.1
20 Day High19.64
20 Day Low7
52 Week HighN/A
52 Week LowN/A
CS1 End10.65
CR1 StartN/A
Volume & EV
DER(3)191.93%
DER(5)114.99%
Volume61.93K
Volume Incr-46.48%
Vol(5)190.07K
Vol(50)173.13K