DNO ASA (DNO.OL) Stock Technical Analysis
OSL:DNO - Euronext Oslo - NO0003921009 - Common Stock - Currency: NOK
Overall DNO gets a technical rating of 7 out of 10. Although DNO is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
DNO is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 80% of 61 stocks in the same industry.
DNO is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so DNO is leading the market.
In the last month DNO has a been trading in the 11.70 - 14.02 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
DNO has an average volume of 2190280 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, DNO did better than 74% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although DNO has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
10.29
14.25
When analyzing the support we can see 5 important areas.
- A support zone ranging from 12.28 to 12.36. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 11.90 to 11.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @11.45 from a horizontal line in the daily time frame.
- Support @11.19 from a horizontal line in the daily time frame.
- Support @10.39 from a trend line in the weekly 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 DNO.OL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DNO.OL is up. |
| ChartMill Relative Strength | 74.69 | POSITIVE | DNO.OL has a high relative strength, it outperformed 74.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DNO.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of DNO.OL is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DNO.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.57 | NEUTRAL | The RSI value for DNO.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests DNO.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.44 | OVERBOUGHT | The high Stochastics value suggests DNO.OL may be overbought. |
| Average True Range in percent/ATR (20) | 2.55 | MEDIUM VOLATILITY | The ATR as a percentage value for DNO.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 20.43 | NEUTRAL | The ADX value for DNO.OL suggests a possible start of a new 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:DNO (6/19/2025, 4:19:55 PM)
14.11
+0.28 (+2.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg2.02%
1 Week7.04%
2 Weeks9.5%
1 Month12.81%
3 Month0.88%
6 Month38.02%
12 Month24.26%
2 Year46.27%
3 Year1.24%
5 Year139.03%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.35
ATR(20)%2.55%
ATR Inc-31.91%
Range Today0.33
ADR(20)0.31
ADR(20)%2.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.69
Mansfield1.39
10 Day High14.02
10 Day Low12.17
20 Day High14.02
20 Day Low11.7
52 Week High14.42
52 Week Low9.31
CS1 End12.36
CR1 StartN/A
Volume & EV
DER(3)-0.81%
DER(5)-0.07%
Volume996.70K
Volume Incr66.91%
Vol(5)3.13M
Vol(50)2.19M