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 7 out of 10 to EQNR. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, EQNR is only an average performer.
In the last month EQNR has a been trading in the 25.04 - 27.18 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
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!
EQNR has an average volume of 3898050 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, EQNR outperforms 52% of them, which is more or less in line with the market.
EQNR is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 66% of 210 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 an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 25.60, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
21.66
28.36
We found 4 important support areas.
- A support zone ranging from 25.26 to 25.60. 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 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 2 important areas.
- Resistance @26.55 from a trend line in the daily time frame.
- A resistance zone ranging from 27.12 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 | 52 | 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) | DOWN | MIXED | The current price of EQNR is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.27 | NEUTRAL | The RSI value for EQNR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests EQNR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.59 | NEUTRAL | The Stochastics value for EQNR is a neutral value. |
| Average True Range in percent/ATR (20) | 1.85 | LOW VOLATILITY | The low ATR as a percentage value for EQNR suggests low volalility. |
| Average Directional Index/ADX (14) | 11.5 | 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 |
|---|---|---|---|
| 25.93 | 25.25 | 0.68 (2.62%) | 25.00% |
| An entry @25.93. This is a Buy Stop order right above the 10 day moving average. | An exit @25.25. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.68 points, which is 2.62%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.66%. |
- The distance between exit and entry is rather small compared to the average daily movement of EQNR. Please evaluate whether better entry and exit points can be found.
- 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.
25.68
-0.27 (-1.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-1.04%
1 Week-0.19%
2 Weeks-3.75%
1 Month2.31%
3 Month13.33%
6 Month7.76%
12 Month-1.27%
2 Year-16.3%
3 Year-33.14%
5 Year72.23%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.53
ATR(20)%1.85%
ATR Inc36.4%
Range Today0.5
ADR(20)0.45
ADR(20)%1.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS52
Mansfield-0.49
10 Day High27.18
10 Day Low25.16
20 Day High27.18
20 Day Low25.04
52 Week High28.29
52 Week Low21.41
CS1 End25.6
CR1 Start26.55
Volume & EV
DER(3)-1.44%
DER(5)-2.87%
Volume4.83M
Volume Incr20.73%
Vol(5)4.87M
Vol(50)3.90M