HEXAGON COMPOSITES ASA (HEX.OL) Stock Technical Analysis
OSL:HEX • NO0003067902
Taking everything into account, HEX scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. HEX was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, HEX is a bad performer in the overall market: 91% of all stocks are doing better.
- HEX is one of the lesser performing stocks in the Machinery industry. 75% of 109 stocks in the same industry do better.
- HEX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- HEX has an average volume of 2251840 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- In the last month HEX has a been trading in the 7.53 - 9.03 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, HEX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 8.17, a Stop Loss order could be placed below this zone.
More info and screens
7.56
3 important support areas can be observed.
- A support zone ranging from 8.00 to 8.17. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 7.77 to 7.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.64 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @8.52 from a trend line in the daily time frame.
- A resistance zone ranging from 8.66 to 8.69. 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 | DOWN | NEGATIVE | The long term trend for HEX.OL is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HEX.OL is up. |
| ChartMill Relative Strength | 9.48 | NEGATIVE | HEX.OL has a low relative strength, it was outperformed by 90.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HEX.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HEX.OL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of HEX.OL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.94 | NEUTRAL | The RSI value for HEX.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests HEX.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 48.15 | NEUTRAL | The Stochastics value for HEX.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.84 | MEDIUM VOLATILITY | The ATR as a percentage value for HEX.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 22.91 | NEUTRAL | The ADX value for HEX.OL suggests a possible start of a new trend. |
OSL:HEX (2/24/2026, 4:19:51 PM)
8.34
-0.01 (-0.12%)
HEXAGON COMPOSITES ASA / HEX.OL FAQ
Can you provide the ChartMill technical rating for HEXAGON COMPOSITES ASA?
ChartMill assigns a technical rating of 4 / 10 to HEX.OL.
What is the trend direction for HEX stock?
The current trend direction for HEXAGON COMPOSITES ASA (HEX.OL) is Bearish.
What is the RSI signal for HEXAGON COMPOSITES ASA (HEX.OL) stock?
HEXAGON COMPOSITES ASA (HEX.OL) has an RSI value of 53.935. This indicates that the stock is currently neutral.
What is the MACD signal for HEXAGON COMPOSITES ASA (HEX.OL) stock?
The MACD indicator for HEXAGON COMPOSITES ASA (HEX.OL) has a value of 0.000478657, indicating a bearish trend.
Can you provide the short term momentum for HEXAGON COMPOSITES ASA?
The short term momentum for HEXAGON COMPOSITES ASA (HEX.OL) is positive.