EQUINOR ASA-SPON ADR (EQNR) Stock Technical Analysis
NYSE:EQNR - US29446M1027 - ADR
24.93 USD
+0.7 (+2.89%)
24.76 USD
-0.17 (-0.68%)
Taking everything into account, EQNR scores 3 out of 10 in our technical rating. EQNR performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
80% of all other stocks performed better in the past year than EQNR.
EQNR is part of the Oil, Gas & Consumable Fuels industry. There are 210 other stocks in this industry, of which 61% are performing better than EQNR.
EQNR has an average volume of 3756700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
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.
In the last month EQNR has a been trading in the 23.58 - 25.21 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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
28.36
When analyzing the support we can see 4 important areas.
- A support zone ranging from 23.49 to 23.81. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @22.78 from a horizontal line in the weekly time frame.
- A support zone ranging from 22.29 to 22.29. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- 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 3 important areas.
- Resistance @25.97 from a trend line in the daily time frame.
- A resistance zone ranging from 27.10 to 27.12. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- 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 | 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 | 20.87 | NEGATIVE | EQNR has a low relative strength, it was outperformed by 79.13% 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) | UP | POSITIVE | The current price of EQNR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.46 | NEUTRAL | The RSI value for EQNR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests EQNR has a positive trend. |
| Stochastics (14,3) | 52.25 | NEUTRAL | The Stochastics value for EQNR is a neutral value. |
| Average True Range in percent/ATR (20) | 1.87 | LOW VOLATILITY | The low ATR as a percentage value for EQNR suggests low volalility. |
| Average Directional Index/ADX (14) | 16.76 | 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)
24.93
+0.7 (+2.89%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg2.89%
1 Week5.19%
2 Weeks1.8%
1 Month2.51%
3 Month-10.16%
6 Month2.63%
12 Month-0.64%
2 Year-23.97%
3 Year-24.71%
5 Year77.31%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.48
ATR(20)%1.87%
ATR Inc8.51%
Range Today0.65
ADR(20)0.36
ADR(20)%1.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.87
Mansfield-0.73
10 Day High24.93
10 Day Low23.58
20 Day High25.21
20 Day Low23.58
52 Week High28.27
52 Week Low21.41
CS1 End23.81
CR1 Start25.97
Volume & EV
DER(3)1.95%
DER(5)-0.1%
Volume4.32M
Volume Incr-2.95%
Vol(5)3.64M
Vol(50)3.76M