CAVENDISH HYDROGEN ASA (CAVEN.OL) Stock Technical Analysis
Europe - OSL:CAVEN - NO0013219535 - Common Stock
Taking everything into account, CAVEN scores 1 out of 10 in our technical rating. CAVEN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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 resistance zone just above the current price starting at 8.77. Right above this resistance zone may be a good entry point.
More info and screens
7.52
When analyzing the support we notice one important area.
- Support @7.60 from a horizontal line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 8.69 to 8.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @9.50 from a horizontal line in the daily time frame.
- Resistance @9.87 from a trend line in the weekly time frame.
- Resistance @10.36 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 | 24.29 | NEGATIVE | CAVEN.OL has a low relative strength, it was outperformed by 75.71% 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 | MIXED | The current price of CAVEN.OL is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CAVEN.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.4 | NEUTRAL | The RSI value for CAVEN.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests CAVEN.OL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.53 | NEUTRAL | The Stochastics value for CAVEN.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 7.04 | HIGH VOLATILITY | The high ATR as a percentage value for CAVEN.OL suggests high volalility. |
| Average Directional Index/ADX (14) | 19.96 | NEGATIVE | The low ADX value for CAVEN.OL suggests a weak or negative trend. |
OSL:CAVEN (11/20/2025, 9:31:02 AM)
8.28
-0.12 (-1.43%)
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.
Can you provide the trend direction for CAVENDISH HYDROGEN ASA?
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 45.402. This indicates that the stock is currently neutral.
What is the MACD signal for CAVENDISH HYDROGEN ASA (CAVEN.OL) stock?
The MACD indicator for CAVENDISH HYDROGEN ASA (CAVEN.OL) has a value of -0.0723667, indicating a bearish trend.
What is the buy/sell signal for CAVENDISH HYDROGEN ASA (CAVEN.OL) stock?
The buy/sell signal for CAVENDISH HYDROGEN ASA (CAVEN.OL) is sell as both the short term and long term trends are negative.