EQUINOR ASA-SPON ADR (EQNR) Technical Analysis
NYSE:EQNR • US29446M1027
Current stock price
EQNR Technical Rating and Analysis
Taking everything into account, EQNR scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, EQNR is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- EQNR is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 76% of 209 stocks in the same industry.
- EQNR is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so EQNR is performing more or less in line with the market.
- In the last month EQNR has a been trading in the 31.17 - 43.46 range, which is quite wide. It is currently trading near the high of this range.
- EQNR has an average volume of 7920250 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, EQNR did better than 92% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
EQNR Weekly and Daily overview Charts
EQNR Setup Rating and Analysis
Although EQNR has an excellent technical rating, it does not offer a high quality setup 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
EQNR Support and Resistance Analysis
22.07
When analyzing the support we can see 3 important areas.
- Support @32.50 from a trend line in the daily time frame.
- A support zone ranging from 22.78 to 22.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @22.29 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @42.41 from a horizontal line in the daily time frame.
EQNR 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 | UP | POSITIVE | The long term trend for EQNR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EQNR is up. |
| ChartMill Relative Strength | 92.67 | POSITIVE | EQNR has a high relative strength, it outperformed 92.67% 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) | UP | POSITIVE | The current price of EQNR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EQNR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.37 | NEUTRAL | The RSI value for EQNR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests EQNR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.06 | OVERBOUGHT | The high Stochastics value suggests EQNR may be overbought. |
| Average True Range in percent/ATR (20) | 4.2 | MEDIUM VOLATILITY | The ATR as a percentage value for EQNR suggests some volalility. |
| Average Directional Index/ADX (14) | 47.65 | POSITIVE | The high ADX value value for EQNR suggests a strong trend. |
EQNR Chart- and CandleStick Pattern Analysis
EQNR Technicals: Chart, Performance Metrics, Trend & Indicators
40.39
-1.81 (-4.29%)
EQUINOR ASA-SPON ADR / EQNR TA FAQ
What is the ChartMill technical rating of EQUINOR ASA-SPON ADR (EQNR) stock?
ChartMill assigns a technical rating of 9 / 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 Bullish.
What is the RSI signal for EQNR stock?
EQUINOR ASA-SPON ADR (EQNR) has an RSI value of 66.3726. This indicates that the stock is currently neutral.
What is the MACD signal for EQNR stock?
The MACD indicator for EQUINOR ASA-SPON ADR (EQNR) has a value of 0.0386761, indicating a bearish trend.
Can you provide the support and resistance levels for EQUINOR ASA-SPON ADR?
EQUINOR ASA-SPON ADR (EQNR) has a support level at 32.34 and a resistance level at 42.21. Check the full technical report for our detailed analysis of EQNR support and resistance levels.