MORROW BANK ASA (MOBA.OL) Stock Technical Analysis
OSL:MOBA - Euronext Oslo - NO0010694029 - Common Stock - Currency: NOK
Overall MOBA 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, MOBA is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, MOBA did better than 98% of all other stocks. On top of that, MOBA also shows a nice and consistent pattern of rising prices.
MOBA is one of the better performing stocks in the Banks industry, it outperforms 98% of 92 stocks in the same industry.
MOBA 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 MOBA is leading the market.
In the last month MOBA has a been trading in the 9.98 - 12.95 range, which is quite wide. It is currently trading near the high of this range.
MOBA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 11.99, a Stop Loss order could be placed below this zone.
More info and screens
7.92
12.64
When analyzing the support we can see 4 important areas.
- A support zone ranging from 11.96 to 11.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.22 from a trend line in the daily time frame.
- A support zone ranging from 10.14 to 10.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.00 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 12.29 to 12.51. This zone is formed by a combination of multiple trend lines and important moving averages 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 MOBA.OL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MOBA.OL is up. |
| ChartMill Relative Strength | 98.54 | POSITIVE | MOBA.OL has a high relative strength, it outperformed 98.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MOBA.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MOBA.OL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MOBA.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.72 | NEUTRAL | The RSI value for MOBA.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests MOBA.OL has a negative trend. |
| Stochastics (14,3) | 45.66 | NEUTRAL | The Stochastics value for MOBA.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.86 | MEDIUM VOLATILITY | The ATR as a percentage value for MOBA.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 31.95 | POSITIVE | The high ADX value value for MOBA.OL suggests a strong 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 |
|---|---|---|---|
| 12.52 | 11.95 | 0.57 (4.55%) | 21.96% |
| An entry @12.52. This is a Buy Stop order right above the resistance zone. | An exit @11.95. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.57 points, which is 4.55%. | For a 1.00% total portfolio risk, you can invest 21.96% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MOBA. Please evaluate whether better entry and exit points can be found.
- 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:MOBA (5/28/2025, 7:00:00 PM)
12
-0.2 (-1.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.64%
1 Week-1.64%
2 Weeks-3.23%
1 Month15.94%
3 Month40.52%
6 Month40.52%
12 Month159.74%
2 Year153.7%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.44
ATR(20)%3.86%
ATR Inc-8.46%
Range Today0.45
ADR(20)0.44
ADR(20)%3.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.54
Mansfield5.04
10 Day High12.9
10 Day Low11.95
20 Day High12.95
20 Day Low9.98
52 Week High12.95
52 Week Low4.52
CS1 End11.99
CR1 Start12.29
Volume & EV
DER(3)-0.46%
DER(5)-0.58%
Volume288.06K
Volume Incr-14.62%
Vol(5)498.09K
Vol(50)538.57K