ENDUR Technical Analysis - ENDUR ASA

Technical Rating and Analysis

We assign a technical rating of 3 out of 10 to ENDUR. Although ENDUR is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

ENDUR is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.

Looking at the yearly performance, ENDUR did better than 79% of all other stocks. We also observe that the gains produced by ENDUR over the past year are nicely spread over this period.

ENDUR is part of the Machinery industry. There are 103 other stocks in this industry. ENDUR outperforms 75% of them.

ENDUR 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 ENDUR is lagging the market slightly.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

ENDUR has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 83.69, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

81.95

95.34

We found 1 important support area.

A support zone ranging from 82.78 to 83.98. This zone is formed by a combination of multiple trend lines in multiple time frames.

2 important resistance areas can be observed.

A resistance zone ranging from 91.40 to 92.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 94.40 to 94.40. This zone is formed by a combination of multiple trend lines in the daily time frame.

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Technical Indicator Signal Analysis

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 ENDUR.OL is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for ENDUR.OL is down.
ChartMill Relative Strength	79.29	POSITIVE	ENDUR.OL has a high relative strength, it outperformed 79.29% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ENDUR.OL is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ENDUR.OL is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ENDUR.OL is above the rising SMA(200).
Relative Strength Index/RSI (14)	41.79	NEUTRAL	The RSI value for ENDUR.OL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.19	POSITIVE	The MACD value suggests ENDUR.OL has a positive trend, although the MACD value is declining.
Stochastics (14,3)	64.43	NEUTRAL	The Stochastics value for ENDUR.OL is a neutral value.
Average True Range in percent/ATR (20)	2.19	MEDIUM VOLATILITY	The ATR as a percentage value for ENDUR.OL suggests some volalility.
Average Directional Index/ADX (14)	13.6	NEGATIVE	The low ADX value for ENDUR.OL suggests a weak or negative trend.