DNO ASA (DNO.OL) Stock Technical Analysis
OSL:DNO • NO0003921009
We assign a technical rating of 6 out of 10 to DNO. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, DNO is only an average performer.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- DNO is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month DNO has a been trading in the 15.10 - 16.44 range, which is quite wide. It is currently trading near the high of this range.
- DNO has an average volume of 2893410 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that DNO is one of the better performing stocks in the market, outperforming 71% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- DNO is part of the Oil, Gas & Consumable Fuels industry. There are 77 other stocks in this industry, DNO did better than 63% of them.
Although the technical rating is only medium, DNO does present a nice setup opportunity. 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 15.79, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for DNO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
12.37
We found 6 important support areas.
- A support zone ranging from 15.08 to 15.79. 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 @13.87 from a trend line in the weekly time frame.
- Support @13.36 from a trend line in the weekly time frame.
- Support @13.14 from a trend line in the daily time frame.
- Support @12.49 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important 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 | 71.74 | POSITIVE | DNO.OL has a high relative strength, it outperformed 71.74% 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) | 57.62 | NEUTRAL | The RSI value for DNO.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests DNO.OL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 51.67 | NEUTRAL | The Stochastics value for DNO.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.88 | MEDIUM VOLATILITY | The ATR as a percentage value for DNO.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 11.8 | 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 (2/19/2026, 4:25:15 PM)
16.27
+0.48 (+3.04%)
DNO ASA / DNO.OL FAQ
Can you provide the ChartMill technical rating for DNO ASA?
ChartMill assigns a technical rating of 6 / 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 57.6216. 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 -0.00300427, 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 15.79 and a resistance level at 16.44. Check the full technical report for our detailed analysis of DNO.OL support and resistance levels.