DNO ASA (DNO.OL) Stock Technical Analysis
OSL:DNO - Euronext Oslo - NO0003921009 - Common Stock - Currency: NOK
Overall DNO gets a technical rating of 3 out of 10. DNO has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
DNO is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 75% of 59 stocks in the same industry.
In the last month DNO has a been trading in the 11.24 - 12.88 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
DNO has an average volume of 2233480 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the performance of all stocks over the past year, DNO turns out to be only a medium performer in the overall market: it outperformed 50% of all stocks.
DNO is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so DNO is lagging the market slightly.
Although the technical rating is bad, DNO does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 12.43. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.22, a Stop Loss order could be placed below this zone.
More info and screens
10.23
12.88
5 important support areas can be observed.
- A support zone ranging from 12.12 to 12.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 11.64 to 11.75. 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.
- A support zone ranging from 11.18 to 11.19. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @10.33 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 12.43 to 12.75. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for DNO.OL is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DNO.OL is neutral. |
| ChartMill Relative Strength | 50.31 | NEUTRAL | DNO.OL is not amongst the best or worst performers 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 | NEGATIVE | The current price of DNO.OL is below 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) | 51.14 | NEUTRAL | The RSI value for DNO.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests DNO.OL has a positive trend. |
| Stochastics (14,3) | 41.47 | NEUTRAL | The Stochastics value for DNO.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.08 | MEDIUM VOLATILITY | The ATR as a percentage value for DNO.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 11.03 | NEGATIVE | The low ADX value for DNO.OL suggests a weak or negative 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 (5/28/2025, 7:00:00 PM)
12.23
+0.05 (+0.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.41%
1 Week-0.97%
2 Weeks-4.03%
1 Month0.84%
3 Month-1.13%
6 Month19.78%
12 Month4.71%
2 Year23.6%
3 Year-29.47%
5 Year143.05%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.38
ATR(20)%3.08%
ATR Inc-21.68%
Range Today0.16
ADR(20)0.32
ADR(20)%2.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.31
Mansfield0.41
10 Day High12.77
10 Day Low11.7
20 Day High12.88
20 Day Low11.24
52 Week High14.42
52 Week Low9.31
CS1 End12.22
CR1 Start12.43
Volume & EV
DER(3)-0.86%
DER(5)-0.15%
Volume1.04M
Volume Incr-11.43%
Vol(5)1.54M
Vol(50)2.23M