CAVENDISH HYDROGEN ASA (CAVEN.OL) Stock Technical Analysis
OSL:CAVEN • NO0013219535
Overall CAVEN gets a technical rating of 1 out of 10. CAVEN has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- CAVEN 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 CAVEN has a been trading in the 6.90 - 7.85 range, which is quite wide. It is currently trading near the lows of this range.
- When compared to the yearly performance of all other stocks, CAVEN outperforms 56% of them, which is more or less in line with the market.
- CAVEN is an average performer in the Electrical Equipment industry, it outperforms 62% of 71 stocks in the same industry.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, CAVEN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 7.07, a Stop Loss order could be placed below this zone.
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7.00
When analyzing the support we notice one important area.
- A support zone ranging from 7.07 to 7.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 7.14 to 7.28. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 7.52 to 7.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @7.89 from a trend line in the weekly time frame.
- Resistance @9.52 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 | DOWN | NEGATIVE | The long term trend for CAVEN.OL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CAVEN.OL is down. |
| ChartMill Relative Strength | 56.62 | NEUTRAL | CAVEN.OL is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of CAVEN.OL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CAVEN.OL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.28 | NEUTRAL | The RSI value for CAVEN.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CAVEN.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 35.83 | NEUTRAL | The Stochastics value for CAVEN.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.87 | MEDIUM VOLATILITY | The ATR as a percentage value for CAVEN.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 11.56 | NEGATIVE | The low ADX value for CAVEN.OL suggests a weak or negative trend. |
OSL:CAVEN (2/12/2026, 10:40:57 AM)
7.08
-0.1 (-1.39%)
CAVENDISH HYDROGEN ASA / CAVEN.OL FAQ
Can you provide the ChartMill technical rating for CAVENDISH HYDROGEN ASA?
ChartMill assigns a technical rating of 1 / 10 to CAVEN.OL.
What is the current trend direction of CAVENDISH HYDROGEN ASA (CAVEN.OL) stock?
The current trend direction for CAVENDISH HYDROGEN ASA (CAVEN.OL) is Bearish.
Can you provide the RSI signal for CAVENDISH HYDROGEN ASA?
CAVENDISH HYDROGEN ASA (CAVEN.OL) has an RSI value of 40.2811. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CAVENDISH HYDROGEN ASA?
The MACD indicator for CAVENDISH HYDROGEN ASA (CAVEN.OL) has a value of 0.00193974, indicating a bearish trend.
Can you provide the support and resistance levels for CAVENDISH HYDROGEN ASA?
CAVENDISH HYDROGEN ASA (CAVEN.OL) has a support level at 7.07 and a resistance level at 7.14. Check the full technical report for our detailed analysis of CAVEN.OL support and resistance levels.