KITRON ASA (KIT.OL) Stock Technical Analysis
OSL:KIT - Euronext Oslo - NO0003079709 - Common Stock - Currency: NOK
Taking everything into account, KIT scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, KIT is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that KIT is one of the better performing stocks in the market, outperforming 96% of all stocks. On top of that, KIT also shows a nice and consistent pattern of rising prices.
KIT is one of the better performing stocks in the Electronic Equipment, Instruments & Components industry, it outperforms 92% of 51 stocks in the same industry.
KIT is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so KIT is leading the market.
In the last month KIT has a been trading in the 49.60 - 58.60 range, which is quite wide. It is currently trading near the high of this range.
Considerably lower volume is observed in the last couple of days.
KIT has an excellent technical rating and also presents a decent setup pattern. 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 55.34, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
28.02
58.93
3 important support areas can be observed.
- A support zone ranging from 54.86 to 55.34. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @53.26 from a trend line in the daily time frame.
- Support @28.30 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for KIT.OL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for KIT.OL is up. |
| ChartMill Relative Strength | 96.72 | POSITIVE | KIT.OL has a high relative strength, it outperformed 96.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of KIT.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of KIT.OL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of KIT.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.15 | OVERBOUGHT | The high RSI value suggests KIT.OL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests KIT.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 95.78 | OVERBOUGHT | The high Stochastics value suggests KIT.OL may be overbought. |
| Average True Range in percent/ATR (20) | 2.52 | MEDIUM VOLATILITY | The ATR as a percentage value for KIT.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 23.46 | NEUTRAL | The ADX value for KIT.OL suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 58.61 | 54.89 | 3.72 (6.35%) | 15.76% |
| An entry @58.61. This is a Buy Stop order right above the 10 day high. | An exit @54.89. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.72 points, which is 6.35%. | When investing 15.76% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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:KIT (5/28/2025, 7:00:00 PM)
58.35
+0.35 (+0.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg0.6%
1 Week3.64%
2 Weeks6.77%
1 Month17.74%
3 Month46.83%
6 Month85.24%
12 Month73.66%
2 Year27.96%
3 Year208.08%
5 Year396.17%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.51
ATR(20)%2.52%
ATR Inc-21.67%
Range Today0.9
ADR(20)1.4
ADR(20)%2.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.72
Mansfield5
10 Day High58.6
10 Day Low54.9
20 Day High58.6
20 Day Low49.6
52 Week High58.6
52 Week Low27.6
CS1 End55.34
CR1 StartN/A
Volume & EV
DER(3)-6.61%
DER(5)-5.35%
Volume454.37K
Volume Incr-26.17%
Vol(5)447.57K
Vol(50)814.50K