HEXAGON COMPOSITES ASA (HEX.OL) Stock Technical Analysis
OSL:HEX - Euronext Oslo - NO0003067902 - Common Stock - Currency: NOK
We assign a technical rating of 0 out of 10 to HEX. HEX'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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, HEX is a bad performer in the overall market: 95% of all stocks are doing better.
HEX is part of the Machinery industry. There are 110 other stocks in this industry, of which 73% are performing better than HEX.
HEX is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so HEX is lagging the market.
HEX is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
HEX has an average volume of 1486720 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, HEX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 17.14, a Stop Loss order could be placed below this zone.
More info and screens
16.97
44.14
When analyzing the support we notice one important area.
- A support zone ranging from 17.14 to 17.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 17.81 to 18.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @43.70 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The long term trend for HEX.OL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HEX.OL is down. |
| ChartMill Relative Strength | 5.94 | NEGATIVE | HEX.OL has a low relative strength, it was outperformed by 94.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HEX.OL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of HEX.OL is below a declining 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) | 42.97 | NEUTRAL | The RSI value for HEX.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests HEX.OL has a positive trend. |
| Stochastics (14,3) | 34.62 | NEUTRAL | The Stochastics value for HEX.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.66 | MEDIUM VOLATILITY | The ATR as a percentage value for HEX.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 26.32 | POSITIVE | The high ADX value value for HEX.OL suggests a strong 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)
OSL:HEX (5/30/2025, 7:00:00 PM)
17.7
-0.36 (-1.99%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-1.99%
1 Week3.61%
2 Weeks-1.11%
1 Month-4.09%
3 Month-29.08%
6 Month-57.92%
12 Month-37.76%
2 Year-35.41%
3 Year-47.77%
5 Year-35.23%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.82
ATR(20)%4.66%
ATR Inc-25.95%
Range Today0.38
ADR(20)0.76
ADR(20)%4.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.94
Mansfield-4.82
10 Day High18.78
10 Day Low16.9
20 Day High20
20 Day Low16.9
52 Week High48.8
52 Week Low16.9
CS1 End17.14
CR1 Start17.81
Volume & EV
DER(3)1.07%
DER(5)0.74%
Volume1.45M
Volume Incr-43.57%
Vol(5)947.37K
Vol(50)1.49M