ENTRA Technical Analysis - ENTRA ASA

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to ENTRA. ENTRA's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

When comparing the yearly performance of all stocks, ENTRA is a bad performer in the overall market: 81% of all stocks are doing better.

In the last month ENTRA has a been trading in the 119.40 - 126.60 range, which is quite wide. It is currently trading near the lows of this range.

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

ENTRA is part of the Real Estate Management & Development industry. There are 75 other stocks in this industry, ENTRA did better than 45% of them.

ENTRA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ENTRA is lagging the market.

Volume is considerably higher in the last couple of days.

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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

Although the technical rating is bad, ENTRA does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 117.60, 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

107.51

134.95

When analyzing the support we can see 2 important areas.

A support zone ranging from 115.83 to 117.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 108.60 to 110.60. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 2 important resistance areas.

A resistance zone ranging from 120.60 to 125.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 129.60 to 133.61. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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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 ENTRA.OL is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for ENTRA.OL is down.
ChartMill Relative Strength	19.66	NEGATIVE	ENTRA.OL has a low relative strength, it was outperformed by 80.34% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ENTRA.OL is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ENTRA.OL is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of ENTRA.OL is below a declining SMA(200).
Relative Strength Index/RSI (14)	37	NEUTRAL	The RSI value for ENTRA.OL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.14	NEGATIVE	The MACD value suggests ENTRA.OL has a negative trend.
Stochastics (14,3)	20.37	NEUTRAL	The Stochastics value for ENTRA.OL is a neutral value.
Average True Range in percent/ATR (20)	2.34	MEDIUM VOLATILITY	The ATR as a percentage value for ENTRA.OL suggests some volalility.
Average Directional Index/ADX (14)	16.93	NEGATIVE	The low ADX value for ENTRA.OL suggests a weak or negative trend.