DNO ASA (DNO.OL) Stock Technical Analysis
OSL:DNO - NO0003921009 - Common Stock
14.73 NOK
-0.27 (-1.8%)
Overall DNO gets a technical rating of 10 out of 10. Both in the recent history as in the last year, DNO has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that DNO is one of the better performing stocks in the market, outperforming 87% of all stocks.
DNO is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 91% of 63 stocks in the same industry.
DNO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so DNO is lagging the market slightly.
DNO has an average volume of 2410570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month DNO has a been trading in the 13.81 - 15.75 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
DNO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 15.51. Right above this resistance zone may be a good entry point.
More info and screens
10.51
15.67
3 important support areas can be observed.
- A support zone ranging from 13.84 to 14.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.45 from a horizontal line in the daily time frame.
- Support @10.62 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 14.92 to 15.04. 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 15.51 to 15.51. This zone is formed by a combination of multiple trend lines 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 DNO.OL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DNO.OL is up. |
| ChartMill Relative Strength | 87.3 | POSITIVE | DNO.OL has a high relative strength, it outperformed 87.3% 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) | UP | POSITIVE | The current price of DNO.OL is above the rising 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) | 55.61 | NEUTRAL | The RSI value for DNO.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests DNO.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.85 | NEUTRAL | The Stochastics value for DNO.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.15 | MEDIUM VOLATILITY | The ATR as a percentage value for DNO.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 23.61 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 15.05 | 14.91 | 0.14 (0.96%) | 25.00% |
| An entry @15.05. This is a Buy Stop order right above the 10 day moving average. | An exit @14.91. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.14 points, which is 0.96%. | For a 0.24% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of DNO. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
OSL:DNO (9/3/2025, 4:19:47 PM)
14.73
-0.27 (-1.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-1.8%
1 Week-0.66%
2 Weeks7.53%
1 Month6.99%
3 Month23.25%
6 Month22.75%
12 Month34.05%
2 Year41.91%
3 Year21.46%
5 Year224.89%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.5
ATR(20)%3.15%
ATR Inc-28.59%
Range Today0.43
ADR(20)0.41
ADR(20)%2.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.3
Mansfield1.28
10 Day High15.75
10 Day Low13.81
20 Day High15.75
20 Day Low13.81
52 Week High15.75
52 Week Low9.31
CS1 End14.92
CR1 Start15.51
Volume & EV
DER(3)-0.35%
DER(5)0.03%
Volume594.99K
Volume Incr-12.33%
Vol(5)2.04M
Vol(50)2.41M