KITRON ASA (KIT.OL) Stock Technical Analysis
OSL:KIT - Euronext Oslo - NO0003079709 - Common Stock - Currency: NOK
Overall KIT gets a technical rating of 10 out of 10. 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 term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
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 part of the Electronic Equipment, Instruments & Components industry. There are 50 other stocks in this industry. KIT outperforms 91% of them.
KIT is currently trading near its 52 week high, which is a good sign. 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 54.20 - 60.20 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
KIT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 56.23, a Stop Loss order could be placed below this zone.
More info and screens
28.02
60.00
4 important support areas can be observed.
- A support zone ranging from 57.14 to 57.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 55.84 to 56.23. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @48.90 from a trend line in the daily time frame.
- Support @28.30 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 59.01 to 59.41. 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 | UP | POSITIVE | The long term trend for KIT.OL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for KIT.OL is neutral. |
| ChartMill Relative Strength | 96.31 | POSITIVE | KIT.OL has a high relative strength, it outperformed 96.31% 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) | 55.53 | NEUTRAL | The RSI value for KIT.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.51 | NEGATIVE | The MACD value suggests KIT.OL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 37.78 | NEUTRAL | The Stochastics value for KIT.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.67 | MEDIUM VOLATILITY | The ATR as a percentage value for KIT.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 20.3 | 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 |
|---|---|---|---|
| 59.42 | 55.83 | 3.59 (6.04%) | 16.55% |
| An entry @59.42. This is a Buy Stop order right above the resistance zone. | An exit @55.83. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.59 points, which is 6.04%. | When investing 16.55% 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 (6/19/2025, 4:19:52 PM)
58.95
+1.8 (+3.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg3.15%
1 Week0.62%
2 Weeks-3.63%
1 Month1.78%
3 Month24.02%
6 Month72.14%
12 Month80.51%
2 Year31.23%
3 Year225.83%
5 Year383.5%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.61
ATR(20)%2.67%
ATR Inc7.57%
Range Today1.95
ADR(20)1.48
ADR(20)%2.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.31
Mansfield3.85
10 Day High60.2
10 Day Low54.2
20 Day High60.2
20 Day Low54.2
52 Week High60.2
52 Week Low27.6
CS1 End56.23
CR1 Start59.01
Volume & EV
DER(3)-0.43%
DER(5)-0.1%
Volume198.00K
Volume Incr42.88%
Vol(5)802.48K
Vol(50)786.39K