KOA Technical Analysis - KONGSBERG AUTOMOTIVE ASA

Technical Rating and Analysis

Taking everything into account, KOA scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, KOA is a bad performer.

When comparing the yearly performance of all stocks, KOA is a bad performer in the overall market: 67% of all stocks are doing better.

Both the short term and long term trends are positive. This is a very positive sign.

KOA has an average volume of 2787430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

KOA is an average performer in the Automobile Components industry, it outperforms 40% of 28 stocks in the same industry.

KOA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so KOA is lagging the market.

In the last month KOA has a been trading in the 1.70 - 1.85 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.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

KONGSBERG AUTOMOTIVE ASA / KOA Weekly stock chart

KONGSBERG AUTOMOTIVE ASA / KOA Daily stock chart

Setup Rating and Analysis

KOA has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

1.47

1.99

When analyzing the support we can see 2 important areas.

A support zone ranging from 1.56 to 1.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 1.48 to 1.49. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 3 important resistance areas.

A resistance zone ranging from 1.74 to 1.74. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 1.80 to 1.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @1.97 from a horizontal line in the weekly time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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 KOA.OL is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for KOA.OL is up.
ChartMill Relative Strength	33.01	NEUTRAL	KOA.OL is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of KOA.OL is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of KOA.OL is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of KOA.OL is above the rising SMA(200).
Relative Strength Index/RSI (14)	51.29	NEUTRAL	The RSI value for KOA.OL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests KOA.OL has a negative trend.
Stochastics (14,3)	31.54	NEUTRAL	The Stochastics value for KOA.OL is a neutral value.
Average True Range in percent/ATR (20)	2.58	MEDIUM VOLATILITY	The ATR as a percentage value for KOA.OL suggests some volalility.
Average Directional Index/ADX (14)	19.3	NEGATIVE	The low ADX value for KOA.OL suggests a weak or negative trend.