CAVENDISH HYDROGEN ASA (CAVEN.OL) Technical Analysis
OSL:CAVEN • NO0013219535
Current stock price
CAVEN.OL Technical Rating and Analysis
Taking everything into account, CAVEN scores 2 out of 10 in our technical rating. 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.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 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 6.03 - 7.19 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the performance of all stocks over the past year, CAVEN turns out to be only a medium performer in the overall market: it outperformed 54% of all stocks.
- CAVEN is part of the Electrical Equipment industry. There are 71 other stocks in this industry, CAVEN did better than 65% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
CAVEN.OL Weekly and Daily overview Charts
CAVEN.OL Setup Rating and Analysis
CAVEN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 7.08. Right above this resistance zone may be a good entry point.
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CAVEN.OL Support and Resistance Analysis
6.33
When analyzing the support we notice one important area.
- Support @6.39 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 7.08 to 7.10. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @7.69 from a horizontal line in the weekly time frame.
CAVEN.OL 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 CAVEN.OL is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CAVEN.OL is neutral. |
| ChartMill Relative Strength | 54.19 | NEUTRAL | CAVEN.OL is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of CAVEN.OL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CAVEN.OL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.96 | NEUTRAL | The RSI value for CAVEN.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests CAVEN.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.15 | OVERBOUGHT | The high Stochastics value suggests CAVEN.OL may be overbought. |
| Average True Range in percent/ATR (20) | 5.78 | HIGH VOLATILITY | The high ATR as a percentage value for CAVEN.OL suggests high volalility. |
| Average Directional Index/ADX (14) | 18.41 | NEGATIVE | The low ADX value for CAVEN.OL suggests a weak or negative trend. |
CAVEN.OL Chart- and CandleStick Pattern Analysis
CAVEN.OL Technicals: Chart, Performance Metrics, Trend & Indicators
OSL:CAVEN (4/10/2026, 7:00:00 PM)
6.77
-0.32 (-4.51%)
CAVENDISH HYDROGEN ASA / CAVEN.OL TA FAQ
Can you provide the ChartMill technical rating for CAVENDISH HYDROGEN ASA?
ChartMill assigns a technical rating of 2 / 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.
What is the RSI signal for CAVEN stock?
CAVENDISH HYDROGEN ASA (CAVEN.OL) has an RSI value of 50.9599. This indicates that the stock is currently neutral.
What are the support and resistance levels for CAVENDISH HYDROGEN ASA (CAVEN.OL) stock?
CAVENDISH HYDROGEN ASA (CAVEN.OL) has a support level at 6.39 and a resistance level at 7.08. Check the full technical report for our detailed analysis of CAVEN.OL support and resistance levels.