EIDESVIK OFFSHORE ASA (EIOF.OL) Stock Technical Analysis
Europe - Euronext Oslo - OSL:EIOF - NO0010263023 - Common Stock
We assign a technical rating of 4 out of 10 to EIOF. Recently some decent action could be observed, but in the medium term time frame this is still negative. EIOF was also a bad performer in the overall market in the last year.
- 72% of all other stocks performed better in the past year than EIOF.
- EIOF is one of the lesser performing stocks in the Energy Equipment & Services industry. 62% of 38 stocks in the same industry do better.
- Warning: EIOF has an average volume of 18675 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 currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so EIOF is lagging the market slightly.
- In the last month EIOF has a been trading in the 12.25 - 13.00 range, which is quite wide. It is currently trading near the high of this range.
- Considerably lower volume is observed in the last couple of days.
EIOF has only a medium technical rating, but it does show a decent setup pattern. 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 13.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.86, a Stop Loss order could be placed below this zone.
More info and screens
12.12
When analyzing the support we can see 2 important areas.
- A support zone ranging from 12.56 to 12.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.24 to 12.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- Strong resistance @13.00 from a horizontal line in the daily time frame.
- A resistance zone ranging from 13.25 to 13.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 13.71 to 13.81. 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 | 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 | 28.03 | NEGATIVE | EIOF.OL has a low relative strength, it was outperformed by 71.97% 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) | UP | POSITIVE | The current price of EIOF.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.5 | NEUTRAL | The RSI value for EIOF.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests EIOF.OL has a positive trend. |
| Stochastics (14,3) | 77.78 | NEUTRAL | The Stochastics value for EIOF.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.66 | MEDIUM VOLATILITY | The ATR as a percentage value for EIOF.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 38.05 | POSITIVE | The high ADX value value for EIOF.OL suggests a strong trend. |
OSL:EIOF (1/23/2026, 7:00:00 PM)
12.95
+0.2 (+1.57%)
EIDESVIK OFFSHORE ASA / EIOF.OL FAQ
Can you provide the ChartMill technical rating for EIDESVIK OFFSHORE ASA?
ChartMill assigns a technical rating of 4 / 10 to EIOF.OL.
What is the current trend direction of EIDESVIK OFFSHORE ASA (EIOF.OL) stock?
The current trend direction for EIDESVIK OFFSHORE ASA (EIOF.OL) is Bearish.
Can you provide the RSI signal for EIDESVIK OFFSHORE ASA?
EIDESVIK OFFSHORE ASA (EIOF.OL) has an RSI value of 55.4985. This indicates that the stock is currently neutral.
What is the short term momentum for EIOF stock?
The short term momentum for EIDESVIK OFFSHORE ASA (EIOF.OL) is positive.