MELHUS SPAREBANK (MELG.OL) Stock Technical Analysis
Europe - OSL:MELG - NO0006001908 - Common Stock
Overall MELG gets a technical rating of 2 out of 10. MELG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, MELG does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 172.16, a Stop Loss order could be placed below this zone.
More info and screens
150.47
When analyzing the support we can see 4 important areas.
- A support zone ranging from 168.93 to 172.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @165.98 from a horizontal line in the weekly time frame.
- A support zone ranging from 157.00 to 158.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 151.99 to 152.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 173.59 to 174.68. 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 178.00 to 180.00. 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 | NEUTRAL | NEUTRAL | The long term trend for MELG.OL is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MELG.OL is neutral. |
| ChartMill Relative Strength | 39.39 | NEUTRAL | MELG.OL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MELG.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MELG.OL is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MELG.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.82 | NEUTRAL | The RSI value for MELG.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests MELG.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 54.85 | NEUTRAL | The Stochastics value for MELG.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.13 | LOW VOLATILITY | The low ATR as a percentage value for MELG.OL suggests low volalility. |
| Average Directional Index/ADX (14) | 14.78 | NEGATIVE | The low ADX value for MELG.OL suggests a weak or negative trend. |
OSL:MELG (10/30/2025, 7:00:00 PM)
172.5
-2.1 (-1.2%)
MELHUS SPAREBANK / MELG.OL FAQ
Can you provide the ChartMill technical rating for MELHUS SPAREBANK?
ChartMill assigns a technical rating of 2 / 10 to MELG.OL.
What is the current trend direction of MELHUS SPAREBANK (MELG.OL) stock?
The current trend direction for MELHUS SPAREBANK (MELG.OL) is Bearish.
What is the RSI signal for MELG stock?
MELHUS SPAREBANK (MELG.OL) has an RSI value of 45.8233. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for MELHUS SPAREBANK?
MELHUS SPAREBANK (MELG.OL) has a support level at 172.16 and a resistance level at 173.59. Check the full technical report for our detailed analysis of MELG.OL support and resistance levels.