EQUINOR ASA-SPON ADR (EQNR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:EQNR - US29446M1027 - ADR
We assign a technical rating of 1 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.
The technical rating of EQNR is bad and it also does not present a 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
21.66
We found 1 important support area.
- A support zone ranging from 21.88 to 22.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 23.14 to 23.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 24.47 to 24.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 25.17 to 25.17. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @25.69 from a horizontal line in the daily time frame.
- A resistance zone ranging from 27.05 to 27.12. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @27.83 from a horizontal line in the weekly 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 | 25.65 | NEGATIVE | EQNR has a low relative strength, it was outperformed by 74.35% 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) | 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) | 46.94 | 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) | 49.31 | NEUTRAL | The Stochastics value for EQNR is a neutral value. |
| Average True Range in percent/ATR (20) | 1.95 | LOW VOLATILITY | The low ATR as a percentage value for EQNR suggests low volalility. |
| Average Directional Index/ADX (14) | 13.09 | NEGATIVE | The low ADX value for EQNR suggests a weak or negative trend. |
23.05
-0.12 (-0.52%)
EQUINOR ASA-SPON ADR / EQNR FAQ
What is the ChartMill technical rating of EQUINOR ASA-SPON ADR (EQNR) stock?
ChartMill assigns a technical rating of 1 / 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 Bearish.
What is the RSI signal for EQUINOR ASA-SPON ADR (EQNR) stock?
EQUINOR ASA-SPON ADR (EQNR) has an RSI value of 46.9389. This indicates that the stock is currently neutral.
What is the MACD signal for EQUINOR ASA-SPON ADR (EQNR) stock?
The MACD indicator for EQUINOR ASA-SPON ADR (EQNR) has a value of 0.0687554, indicating a bearish trend.
What is the short term momentum for EQUINOR ASA-SPON ADR (EQNR) stock?
The short term momentum for EQUINOR ASA-SPON ADR (EQNR) is neutral.