EIDESVIK OFFSHORE ASA (EIOF.OL) Stock Technical Analysis
OSL:EIOF - Euronext Oslo - NO0010263023 - Common Stock - Currency: NOK
Overall EIOF gets a technical rating of 5 out of 10. In the past year, EIOF was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, EIOF is a bad performer in the overall market: 78% of all stocks are doing better.
EIOF is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so EIOF is lagging the market.
Warning: EIOF has an average volume of 23226 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
EIOF is part of the Energy Equipment & Services industry. There are 35 other stocks in this industry, EIOF did better than 44% of them.
In the last month EIOF has a been trading in the 11.40 - 13.50 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.
Although the technical rating is only medium, EIOF does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 12.54, a Stop Loss order could be placed below this zone.
More info and screens
12.35
14.24
We found 1 important support area.
- A support zone ranging from 12.47 to 12.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- Resistance @13.04 from a trend line in the daily time frame.
- A resistance zone ranging from 13.26 to 13.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @14.10 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for EIOF.OL is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EIOF.OL is up. |
| ChartMill Relative Strength | 22.78 | NEGATIVE | EIOF.OL has a low relative strength, it was outperformed by 77.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EIOF.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EIOF.OL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EIOF.OL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.4 | NEUTRAL | The RSI value for EIOF.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests EIOF.OL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 52.39 | NEUTRAL | The Stochastics value for EIOF.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.35 | MEDIUM VOLATILITY | The ATR as a percentage value for EIOF.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 13.89 | NEGATIVE | The low ADX value for EIOF.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:EIOF (5/28/2025, 7:00:00 PM)
13
+0.45 (+3.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg3.59%
1 Week-1.14%
2 Weeks1.96%
1 Month13.54%
3 Month4%
6 Month-1.66%
12 Month-26.14%
2 Year21.95%
3 Year17.12%
5 Year271.43%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.5
ATR(20)%3.35%
ATR Inc-8.03%
Range Today0.45
ADR(20)0.41
ADR(20)%3.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.78
Mansfield-1.09
10 Day High13.5
10 Day Low12.05
20 Day High13.5
20 Day Low11.4
52 Week High19.5
52 Week Low10.05
CS1 End12.54
CR1 Start13.04
Volume & EV
DER(3)0%
DER(5)0%
Volume297
Volume Incr-78.72%
Vol(5)5.37K
Vol(50)23.23K