CAVENDISH HYDROGEN ASA (CAVEN.OL) Stock Technical Analysis
OSL:CAVEN - Euronext Oslo - NO0013219535 - Common Stock - Currency: NOK
Overall CAVEN gets a technical rating of 7 out of 10. In the last year, CAVEN was one of the better performers, but we do observe some doubts in the very recent evolution.
CAVEN is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CAVEN is lagging the market.
In the last month CAVEN has a been trading in the 9.53 - 14.48 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
CAVEN is one of the better performing stocks in the Electrical Equipment industry, it outperforms 81% of 56 stocks in the same industry.
When comparing the yearly performance of all stocks, we notice that CAVEN is one of the better performing stocks in the market, outperforming 82% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
Considerably lower volume is observed in the last couple of days.
Although CAVEN has an excellent technical rating, the quality of the presented setup is not ideal 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.
More info and screens
9.74
11.52
When analyzing the support we notice one important area.
- Support @9.84 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @10.67 from a trend line in the daily time frame.
- A resistance zone ranging from 11.11 to 11.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for CAVEN.OL is neutral. |
| ChartMill Relative Strength | 82.12 | POSITIVE | CAVEN.OL has a high relative strength, it outperformed 82.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CAVEN.OL is below a declining 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) | 48.62 | NEUTRAL | The RSI value for CAVEN.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests CAVEN.OL has a negative trend. |
| Stochastics (14,3) | 39.29 | NEUTRAL | The Stochastics value for CAVEN.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 11.3 | HIGH VOLATILITY | The high ATR as a percentage value for CAVEN.OL suggests high volalility. |
| Average Directional Index/ADX (14) | 19.29 | NEGATIVE | The low ADX value for CAVEN.OL suggests a weak or negative 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)
OSL:CAVEN (6/19/2025, 9:45:00 AM)
10.4
+0.04 (+0.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg0.39%
1 Week-13.52%
2 Weeks-0.96%
1 Month-10.54%
3 Month101.01%
6 Month22.66%
12 Month-64.28%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.85
ATR(20)%11.3%
ATR Inc-47.78%
Range Today0.08
ADR(20)1.05
ADR(20)%10.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.12
Mansfield-0.65
10 Day High12.44
10 Day Low10.02
20 Day High14.48
20 Day Low9.53
52 Week High31
52 Week Low4
CS1 End9.84
CR1 Start10.67
Volume & EV
DER(3)-0.53%
DER(5)0.9%
Volume1.58K
Volume Incr-54.98%
Vol(5)139.85K
Vol(50)215.37K