EQUINOR ASA-SPON ADR (EQNR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:EQNR - US29446M1027 - ADR
23.71 USD
+0.66 (+2.86%)
23.72 USD
+0.01 (+0.04%)
Taking everything into account, EQNR scores 2 out of 10 in our technical rating. EQNR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
72% of all other stocks performed better in the past year than EQNR.
EQNR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
EQNR has an average volume of 3672950 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
EQNR is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 46% of 208 stocks in the same industry.
In the last month EQNR has a been trading in the 22.26 - 24.55 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
EQNR has a poor technical rating and the quality of the setup is also only medium 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
21.66
28.11
We found 2 important support areas.
- A support zone ranging from 23.17 to 23.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.88 to 22.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 24.45 to 24.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 25.17 to 25.17. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @25.69 from a horizontal line in the daily time frame.
- A resistance zone ranging from 27.05 to 27.12. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @27.83 from a horizontal line in the weekly 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 EQNR is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EQNR is neutral. |
| ChartMill Relative Strength | 28.98 | NEGATIVE | EQNR has a low relative strength, it was outperformed by 71.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EQNR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of EQNR is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EQNR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.15 | NEUTRAL | The RSI value for EQNR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests EQNR has a positive trend. |
| Stochastics (14,3) | 41.49 | NEUTRAL | The Stochastics value for EQNR is a neutral value. |
| Average True Range in percent/ATR (20) | 2 | LOW VOLATILITY | The low ATR as a percentage value for EQNR suggests low volalility. |
| Average Directional Index/ADX (14) | 13.16 | NEGATIVE | The low ADX value for EQNR 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)
23.71
+0.66 (+2.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg2.86%
1 Week0.34%
2 Weeks2.91%
1 Month3.18%
3 Month2.15%
6 Month-12.51%
12 Month-6.17%
2 Year-17.3%
3 Year-22.08%
5 Year33.73%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.49
ATR(20)%2%
ATR Inc14.28%
Range Today0.82
ADR(20)0.37
ADR(20)%1.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.98
3 months CRS52.45
6 months CRS18.89
Mansfield-1.22
10 Day High24.55
10 Day Low22.85
20 Day High24.55
20 Day Low22.26
52 Week High28.27
52 Week Low21.41
CS1 End23.66
CR1 Start24.45
Volume & EV
DER(3)-1.82%
DER(5)-0.41%
Volume4.45M
Volume Incr82.5%
Vol(5)5.23M
Vol(50)3.67M
EQUINOR ASA-SPON ADR / EQNR FAQ
What is the ChartMill technical rating of EQUINOR ASA-SPON ADR (EQNR) stock?
ChartMill assigns a technical rating of 2 / 10 to EQNR.
What is the current trend direction of EQUINOR ASA-SPON ADR (EQNR) stock?
The current trend direction for EQUINOR ASA-SPON ADR (EQNR) is Bearish.
What is the RSI signal for EQUINOR ASA-SPON ADR (EQNR) stock?
EQUINOR ASA-SPON ADR (EQNR) has an RSI value of 54.1549. This indicates that the stock is currently neutral.
What is the MACD signal for EQUINOR ASA-SPON ADR (EQNR) stock?
The MACD indicator for EQUINOR ASA-SPON ADR (EQNR) has a value of 0.0709087, indicating a bearish trend.
What is the short term momentum for EQUINOR ASA-SPON ADR (EQNR) stock?
The short term momentum for EQUINOR ASA-SPON ADR (EQNR) is neutral.