EQUINOR ASA-SPON ADR (EQNR) Stock Technical Analysis
NYSE:EQNR - New York Stock Exchange, Inc. - US29446M1027 - ADR - Currency: USD
Taking everything into account, EQNR scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, EQNR is a bad performer.
When comparing the yearly performance of all stocks, EQNR is a bad performer in the overall market: 70% of all stocks are doing better.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
In the last month EQNR has a been trading in the 24.00 - 28.27 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
EQNR has an average volume of 4209400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
EQNR is part of the Oil, Gas & Consumable Fuels industry. There are 211 other stocks in this industry, EQNR did better than 42% of them.
EQNR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so EQNR is lagging the market.
EQNR has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 24.86, a Stop Loss order could be placed below this zone.
More info and screens
21.66
28.36
When analyzing the support we can see 4 important areas.
- Support @25.57 from a trend line in the daily time frame.
- A support zone ranging from 24.75 to 25.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @23.54 from a horizontal line in the daily time frame.
- A support zone ranging from 21.88 to 22.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 27.77 to 28.08. 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 | UP | POSITIVE | The long term trend for EQNR is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EQNR is neutral. |
| ChartMill Relative Strength | 30.89 | NEUTRAL | EQNR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of EQNR is below 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) | 55.29 | NEUTRAL | The RSI value for EQNR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests EQNR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.46 | OVERSOLD | The low Stochastics value suggests EQNR may be oversold. |
| Average True Range in percent/ATR (20) | 2.38 | MEDIUM VOLATILITY | The ATR as a percentage value for EQNR suggests some volalility. |
| Average Directional Index/ADX (14) | 18.49 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 25.90 | 24.82 | 1.08 (4.18%) | 23.94% |
| An entry @25.90. This is a Buy Stop order right above the 10 day moving average. | An exit @24.82. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.08 points, which is 4.18%. | For a 1.00% total portfolio risk, you can invest 23.94% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NYSE:EQNR (7/3/2025, 12:11:00 PM)
25.725
-0.18 (-0.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.71%
1 Week3.23%
2 Weeks-7.73%
1 Month6.76%
3 Month10.68%
6 Month2.82%
12 Month-9.25%
2 Year-15.55%
3 Year-32.54%
5 Year73.78%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.65
ATR(20)%2.38%
ATR Inc-18.54%
Range Today0.18
ADR(20)0.47
ADR(20)%1.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.89
Mansfield-0.28
10 Day High28.24
10 Day Low24.83
20 Day High28.27
20 Day Low24.01
52 Week High28.29
52 Week Low21.41
CS1 End24.86
CR1 Start27.77
Volume & EV
DER(3)-1.48%
DER(5)-0.3%
Volume1.26M
Volume Incr-6.59%
Vol(5)3.95M
Vol(50)4.21M