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.
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.
21.66
We found 4 important support areas.
When analyzing the resistance we notice 2 important areas.
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. |
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%. |
25.68
-0.27 (-1.04%)