DNO ASA (DNO.OL) Stock Technical Analysis
Europe - Euronext Oslo - OSL:DNO - NO0003921009 - Common Stock
We assign a technical rating of 8 out of 10 to DNO. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DNO is showing a nice and steady performance.
- 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 79% of all stocks.
- DNO is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 78% of 75 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 2561670 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 14.79 - 16.58 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. 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 16.44. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 15.60, 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 5 important support areas.
- A support zone ranging from 15.31 to 15.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.27 to 14.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.62 from a trend line in the weekly time frame.
- A support zone ranging from 13.17 to 13.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | 79.37 | POSITIVE | DNO.OL has a high relative strength, it outperformed 79.37% 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) | 52.76 | NEUTRAL | The RSI value for DNO.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests DNO.OL has a negative trend. |
| Stochastics (14,3) | 66.27 | NEUTRAL | The Stochastics value for DNO.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.18 | MEDIUM VOLATILITY | The ATR as a percentage value for DNO.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 16.63 | 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 | 15.62 | 0.97 (5.85%) | 17.10% |
| An entry @16.59. This is a Buy Stop order right above the resistance zone. | An exit @15.62. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.97 points, which is 5.85%. | For a 1.00% total portfolio risk, you can invest 17.10% 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 (1/23/2026, 7:00:00 PM)
15.97
+0.31 (+1.98%)
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 52.7565. 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 -0.0368761, 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 15.6 and a resistance level at 16.44. Check the full technical report for our detailed analysis of DNO.OL support and resistance levels.