MORROW BANK ASA (MOBA.OL) Stock Technical Analysis
OSL:MOBA - Euronext Oslo - NO0010694029 - Common Stock - Currency: NOK
Taking everything into account, MOBA scores 9 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, MOBA did better than 98% of all other stocks. We also observe that the gains produced by MOBA over the past year are nicely spread over this period.
MOBA is one of the better performing stocks in the Banks industry, it outperforms 95% of 96 stocks in the same industry.
MOBA is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MOBA is performing more or less in line with the market.
In the last month MOBA has a been trading in the 11.10 - 12.90 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.
MOBA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 11.39, a Stop Loss order could be placed below this zone.
More info and screens
8.11
12.64
When analyzing the support we can see 4 important areas.
- A support zone ranging from 11.22 to 11.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.57 from a trend line in the weekly time frame.
- Support @10.11 from a trend line in the daily time frame.
- Support @8.19 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 12.45 to 12.51. 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 | UP | POSITIVE | The long term trend for MOBA.OL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MOBA.OL is neutral. |
| ChartMill Relative Strength | 98.02 | POSITIVE | MOBA.OL has a high relative strength, it outperformed 98.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MOBA.OL is below a declining 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) | 43.78 | NEUTRAL | The RSI value for MOBA.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests MOBA.OL has a negative trend. |
| Stochastics (14,3) | 26.92 | NEUTRAL | The Stochastics value for MOBA.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.62 | MEDIUM VOLATILITY | The ATR as a percentage value for MOBA.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 22.63 | NEUTRAL | The ADX value for MOBA.OL suggests a possible start of a new 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)
OSL:MOBA (6/20/2025, 7:00:00 PM)
11.4
-0.35 (-2.98%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-2.98%
1 Week-3.8%
2 Weeks-1.3%
1 Month-6.56%
3 Month14%
6 Month28.67%
12 Month142.04%
2 Year157.92%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.39
ATR(20)%3.62%
ATR Inc82%
Range Today0.6
ADR(20)0.41
ADR(20)%3.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.02
Mansfield3.35
10 Day High12.3
10 Day Low11.1
20 Day High12.9
20 Day Low11.1
52 Week High12.95
52 Week Low4.71
CS1 End11.39
CR1 Start12.45
Volume & EV
DER(3)-0.49%
DER(5)-0.08%
Volume296.00K
Volume Incr-22.24%
Vol(5)323.86K
Vol(50)515.78K