KOG Technical Analysis - KONGSBERG GRUPPEN ASA

Technical Rating and Analysis

Overall KOG gets a technical rating of 4 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. KOG was also a bad performer in the overall market in the last year.

97% of all other stocks performed better in the past year than KOG.

KOG is part of the Aerospace & Defense industry. There are 43 other stocks in this industry, of which 78% are performing better than KOG.

KOG is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month KOG has a been trading in the 290.35 - 339.80 range, which is quite wide. It is currently trading near the high of this range.

The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

KONGSBERG GRUPPEN ASA / KOG Weekly stock chart

KONGSBERG GRUPPEN ASA / KOG Daily stock chart

Setup Rating and Analysis

KOG has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

290.61

338.36

When analyzing the support we can see 3 important areas.

A support zone ranging from 319.11 to 321.32. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 305.38 to 305.95. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 293.55 to 294.99. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

A resistance zone ranging from 335.01 to 335.01. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	DOWN	NEGATIVE	The long term trend for KOG.OL is down.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for KOG.OL is up.
ChartMill Relative Strength	3.47	NEGATIVE	KOG.OL has a low relative strength, it was outperformed by 96.53% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of KOG.OL is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of KOG.OL is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of KOG.OL is below a declining SMA(200).
Relative Strength Index/RSI (14)	66.03	NEUTRAL	The RSI value for KOG.OL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	3.01	POSITIVE	The MACD value suggests KOG.OL has a positive trend.
Stochastics (14,3)	85.33	OVERBOUGHT	The high Stochastics value suggests KOG.OL may be overbought.
Average True Range in percent/ATR (20)	2.49	MEDIUM VOLATILITY	The ATR as a percentage value for KOG.OL suggests some volalility.
Average Directional Index/ADX (14)	24.4	NEUTRAL	The ADX value for KOG.OL suggests a possible start of a new trend.