ITERA ASA (ITERA.OL) Stock Technical Analysis
OSL:ITERA - Euronext Oslo - NO0010001118 - Common Stock - Currency: NOK
We assign a technical rating of 6 out of 10 to ITERA. ITERA has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Although the technical rating is only medium, ITERA does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 9.95. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
8.42
When analyzing the support we can see 3 important areas.
- Support @8.96 from a horizontal line in the daily time frame.
- Support @8.78 from a trend line in the daily time frame.
- A support zone ranging from 8.51 to 8.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 9.95 to 10.06. 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 ITERA.OL is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ITERA.OL is neutral. |
| ChartMill Relative Strength | 40.51 | NEUTRAL | ITERA.OL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ITERA.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ITERA.OL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ITERA.OL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.71 | NEUTRAL | The RSI value for ITERA.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ITERA.OL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 52.46 | NEUTRAL | The Stochastics value for ITERA.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.81 | MEDIUM VOLATILITY | The ATR as a percentage value for ITERA.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 29.37 | POSITIVE | The high ADX value value for ITERA.OL suggests a strong 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 |
|---|---|---|---|
| 10.07 | 9.15 | 0.92 (9.14%) | 10.95% |
| An entry @10.07. This is a Buy Stop order right above the resistance zone. | An exit @9.15. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.92 points, which is 9.14%. | For a 1.00% total portfolio risk, you can invest 10.95% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
OSL:ITERA (5/30/2025, 7:00:00 PM)
9.78
+0.38 (+4.04%)