EAM SOLAR ASA (EAM.OL) Stock Technical Analysis
OSL:EAM - Euronext Oslo - NO0010607781 - Common Stock - Currency: NOK
We assign a technical rating of 5 out of 10 to EAM. EAM has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
EAM is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so EAM is lagging the market.
EAM is part of the Independent Power and Renewable Electricity Producers industry. There are 19 other stocks in this industry. EAM outperforms 100% of them.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Looking at the yearly performance, EAM did better than 78% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month EAM has a been trading in the 0.55 - 1.34 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
EAM has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
0.73
1.29
When analyzing the support we notice one important area.
- Support @0.74 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @1.20 from a horizontal line in the weekly time frame.
- Resistance @1.28 from a trend line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for EAM.OL is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EAM.OL is up. |
| ChartMill Relative Strength | 78.84 | POSITIVE | EAM.OL has a high relative strength, it outperformed 78.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EAM.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EAM.OL is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 57.53 | NEUTRAL | The RSI value for EAM.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests EAM.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.03 | NEUTRAL | The Stochastics value for EAM.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 9.48 | HIGH VOLATILITY | The high ATR as a percentage value for EAM.OL suggests high volalility. |
| Average Directional Index/ADX (14) | 24.21 | NEUTRAL | The ADX value for EAM.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)
OSL:EAM (5/22/2025, 4:18:21 PM)
1.1
-0.1 (-8.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg-8.33%
1 Week-1.43%
2 Weeks17.02%
1 Month73.78%
3 Month120%
6 Month-87.75%
12 Month-87.67%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%9.48%
ATR Inc7.05%
Range Today0.03
ADR(20)0.08
ADR(20)%7.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.84
Mansfield-8.7
10 Day High1.34
10 Day Low0.89
20 Day High1.34
20 Day Low0.55
52 Week High26
52 Week Low0.07
CS1 End0.74
CR1 Start1.2
Volume & EV
DER(3)15.82%
DER(5)-7.92%
Volume175.61K
Volume Incr17.34%
Vol(5)86.23K
Vol(50)250.94K