DNO ASA (DNO.OL) Stock Technical Analysis
OSL:DNO • NO0003921009
Overall DNO gets a technical rating of 8 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.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- When comparing the yearly performance of all stocks, we notice that DNO is one of the better performing stocks in the market, outperforming 70% of all stocks. On top of that, DNO also shows a nice and consistent pattern of rising prices.
- A new 52 week high is currently being made by DNO, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month DNO has a been trading in the 15.10 - 16.60 range, which is quite wide. It is currently trading near the high of this range.
- DNO has an average volume of 3403330 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- DNO is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 47% of 71 stocks in the same industry.
- Volume is considerably higher in the last couple of days.
DNO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 16.44. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 15.94, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
12.37
When analyzing the support we can see 5 important areas.
- A support zone ranging from 15.08 to 15.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.35 from a horizontal line in the daily time frame.
- Support @14.00 from a trend line in the weekly time frame.
- Support @13.18 from a trend line in the daily time frame.
- Support @12.49 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 16.44 to 16.58. 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 | NEUTRAL | NEUTRAL | The short term trend for DNO.OL is neutral. |
| ChartMill Relative Strength | 70.57 | POSITIVE | DNO.OL has a high relative strength, it outperformed 70.57% 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) | 57.88 | NEUTRAL | The RSI value for DNO.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests DNO.OL has a positive trend. |
| Stochastics (14,3) | 83.65 | OVERBOUGHT | The high Stochastics value suggests DNO.OL may be overbought. |
| Average True Range in percent/ATR (20) | 2.96 | MEDIUM VOLATILITY | The ATR as a percentage value for DNO.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 9.48 | NEGATIVE | The low ADX value for DNO.OL suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 16.59 | 15.09 | 1.50 (9.04%) | 11.06% |
| An entry @16.59. This is a Buy Stop order right above the resistance zone. | An exit @15.09. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.50 points, which is 9.04%. | For a 1.00% total portfolio risk, you can invest 11.06% of your capital in this trade. |
- 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 (3/2/2026, 7:00:00 PM)
16.36
+0.07 (+0.43%)
DNO ASA / DNO.OL FAQ
Can you provide the ChartMill technical rating for DNO ASA?
ChartMill assigns a technical rating of 8 / 10 to DNO.OL.
Can you provide the trend direction for DNO ASA?
The current trend direction for DNO ASA (DNO.OL) is Bullish.
Can you provide the RSI signal for DNO ASA?
DNO ASA (DNO.OL) has an RSI value of 57.8823. This indicates that the stock is currently neutral.
What is the MACD signal for DNO ASA (DNO.OL) stock?
The MACD indicator for DNO ASA (DNO.OL) has a value of 0.0687432, indicating a bearish trend.
What are the support and resistance levels for DNO ASA (DNO.OL) stock?
DNO ASA (DNO.OL) has a support level at 15.94 and a resistance level at 16.44. Check the full technical report for our detailed analysis of DNO.OL support and resistance levels.