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 2 out of 10 to EQNR. EQNR'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.
73% 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. The S&P500 Index however is trading in the upper part of its 52 week range, so EQNR is lagging the market.
EQNR has an average volume of 4044920 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 58% of 213 stocks in the same industry.
In the last month EQNR has a been trading in the 22.69 - 24.62 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, EQNR does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 22.46, a Stop Loss order could be placed below this zone.
More info and screens
21.66
27.39
When analyzing the support we can see 2 important areas.
- A support zone ranging from 22.29 to 22.46. 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.
4 important resistance areas can be observed.
- A resistance zone ranging from 23.62 to 24.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @25.03 from a trend line in the weekly time frame.
- Resistance @26.03 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 26.92 to 27.12. This zone is formed by a combination of multiple trend lines in the daily 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 | 27.75 | NEGATIVE | EQNR has a low relative strength, it was outperformed by 72.25% 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 | NEGATIVE | The current price of EQNR is below 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) | 49.41 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 53.38 | NEUTRAL | The Stochastics value for EQNR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.22 | MEDIUM VOLATILITY | The ATR as a percentage value for EQNR suggests some volalility. |
| Average Directional Index/ADX (14) | 11.01 | 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)
23.49
-0.44 (-1.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-1.84%
1 Week-0.04%
2 Weeks-0.34%
1 Month5.24%
3 Month0.43%
6 Month-2.85%
12 Month-19.39%
2 Year-7.26%
3 Year-37.63%
5 Year61%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.53
ATR(20)%2.22%
ATR Inc-0.83%
Range Today0.42
ADR(20)0.39
ADR(20)%1.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.75
Mansfield-0.88
10 Day High24.62
10 Day Low23
20 Day High24.62
20 Day Low22.69
52 Week High29.32
52 Week Low21.41
CS1 End22.46
CR1 Start23.62
Volume & EV
DER(3)2.61%
DER(5)2.24%
Volume6.01M
Volume Incr-18.32%
Vol(5)3.63M
Vol(50)4.04M