EQUINOR ASA-SPON ADR (EQNR) Stock Technical Analysis
NYSE:EQNR - New York Stock Exchange, Inc. - US29446M1027 - ADR - Currency: USD
We assign a technical rating of 1 out of 10 to EQNR. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
75% of all other stocks performed better in the past year than EQNR.
EQNR 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.
EQNR has an average volume of 4064090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
EQNR is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 47% of 209 stocks in the same industry.
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 a poor technical rating and the quality of the setup is also not perfect 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
28.36
3 important support areas can be observed.
- Support @23.54 from a horizontal line in the daily time frame.
- A support zone ranging from 22.29 to 22.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 21.88 to 21.88. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 24.41 to 24.59. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @26.55 from a trend line in the daily time frame.
- A resistance zone ranging from 27.09 to 27.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | DOWN | NEGATIVE | The long term trend for EQNR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EQNR is down. |
| ChartMill Relative Strength | 25.66 | NEGATIVE | EQNR has a low relative strength, it was outperformed by 74.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EQNR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of EQNR is below the rising 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) | 39.77 | NEUTRAL | The RSI value for EQNR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests EQNR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.42 | OVERSOLD | The low Stochastics value suggests EQNR may be oversold. |
| Average True Range in percent/ATR (20) | 2.49 | MEDIUM VOLATILITY | The ATR as a percentage value for EQNR suggests some volalility. |
| Average Directional Index/ADX (14) | 16.68 | 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)
NYSE:EQNR (8/19/2025, 10:34:04 AM)
24.055
+0 (+0.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.02%
1 Week0.58%
2 Weeks-3.17%
1 Month-4.53%
3 Month2.52%
6 Month5.08%
12 Month-9.69%
2 Year-20.12%
3 Year-37.05%
5 Year52.15%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.59
ATR(20)%2.49%
ATR Inc-48.29%
Range Today0.16
ADR(20)0.52
ADR(20)%2.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.66
Mansfield-0.9
10 Day High25.98
10 Day Low24.14
20 Day High27.07
20 Day Low24.14
52 Week High28.27
52 Week Low21.41
CS1 End24.41
CR1 Start26.55
Volume & EV
DER(3)0.74%
DER(5)1.19%
Volume21.90K
Volume Incr-27.44%
Vol(5)3.10M
Vol(50)4.06M