KOG Technical Analysis - KONGSBERG GRUPPEN ASA

Technical Rating and Analysis

We assign a technical rating of 1 out of 10 to KOG. KOG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, KOG is a bad performer in the overall market: 98% of all stocks are doing better.

KOG is part of the Aerospace & Defense industry. There are 41 other stocks in this industry, of which 87% 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 281.00 - 309.95 range, which is quite wide. It is currently trading near the high of this range.

KOG has an average volume of 1046410 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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 GRUPPEN ASA / KOG Weekly stock chart

KONGSBERG GRUPPEN ASA / KOG Daily stock chart

Setup Rating and Analysis

KOG has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

292.04

314.06

We found 1 important support area.

A support zone ranging from 294.99 to 301.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 309.76 to 310.95. This zone is formed by a combination of multiple trend lines in multiple time frames.

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	DOWN	NEGATIVE	The long term trend for KOG.OL is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for KOG.OL is down.
ChartMill Relative Strength	2.19	NEGATIVE	KOG.OL has a low relative strength, it was outperformed by 97.81% 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)	DOWN	MIXED	The current price of KOG.OL is above a declining 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)	50.27	NEUTRAL	The RSI value for KOG.OL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	4.74	POSITIVE	The MACD value suggests KOG.OL has a positive trend.
Stochastics (14,3)	73.72	NEUTRAL	The Stochastics value for KOG.OL is a neutral value.
Average True Range in percent/ATR (20)	2.61	MEDIUM VOLATILITY	The ATR as a percentage value for KOG.OL suggests some volalility.
Average Directional Index/ADX (14)	36.03	POSITIVE	The high ADX value value for KOG.OL suggests a strong trend.